Ontario · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 15 October 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- cash on handnote: Resulting cash on hand after receipts of $1,412,793 and disbursements of $62,484 for the period May 2, 2025 to September 30, 2025 · as at: 2025-09-30 · amount: 1350310 · currency: CAD
- disbursementssince: May 2, 2025 · amount: 62484 · currency: CAD
- operational summaryThe Receiver continues to reconcile and realize on mortgage assets across several projects (Alliance, Ballymore, Waterways, Heritage Village, Raseta Lands, Subramaniam, Bidmead), pursuing financing, sale, and receivership strategies while conducting a financial review and developing a claims process for investors.
- professional feesnote: Excludes HST; Dentons Canada LLP (Receiver's counsel) fees separately total $473,576 exclusive of HST for the same period · party: B. Riley Farber Inc. (Receiver) · amount: 436133 · period: May 2, 2025 to September 30, 2025 · currency: CAD
- receipts cumulativesince: May 2, 2025 · amount: 1412793 · currency: CAD
- report date15 October 2025
- report noSecond Report