Ontario · Receivership (court-appointed)
First Report of the Receiver dated January 20, 2025
Court officer report · 20 January 2025
What we verified from this filing12 verified
- secured creditorsnote: Amount shown is before interest, professional fees, property tax payments and other accruing costs; figures in $000s · page: 6 · amount: 4133000 · debtor: Barakaa Developer Inc. · creditor: Foremost Mortgage Holding Corporation · currency: CAD · security: Mortgage (registered prior to other mortgages)
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 6 · amount: 750000 · debtor: Barakaa Developer Inc. · creditor: 1417199 Ontario Limited · currency: CAD · security: Mortgage (Subsequent Mortgagee)
- secured creditorsnote: Disputed - Respondents challenge validity of these mortgages; ongoing litigation; before interest, fees and other accruing costs; figures in $000s · page: 6 · amount: 5000000 · debtor: Barakaa Developer Inc. · creditor: Joshi Parties (Sanjive Joshi, Xpert Credit Control Solutions Inc., Xpert Law Inc.) · currency: CAD · security: Mortgage
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 6 · amount: 1500000 · debtor: Barakaa Developer Inc. · creditor: BIP Management Inc. · currency: CAD · security: Mortgage (Subsequent Mortgagee)
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 1500000 · debtor: 2145499 Ontario Inc. · creditor: Tripta Dhingra · currency: CAD · security: Mortgage (Subsequent Mortgagee)
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 2000000 · debtor: 2145499 Ontario Inc. · creditor: BIP Management Inc. · currency: CAD · security: Mortgage (Subsequent Mortgagee)
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 1000000 · debtor: 2145499 Ontario Inc. · creditor: BIP Management Inc. and Galidan Inc. · currency: CAD · security: Mortgage (Subsequent Mortgagee)
- secured creditorsnote: Disputed - Respondents challenge validity; ongoing litigation; before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 5000000 · debtor: 2145499 Ontario Inc. · creditor: Joshi Parties (Sanjive Joshi, Xpert Credit Control Solutions Inc., Xpert Law Inc.) · currency: CAD · security: Mortgage
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 6185000 · debtor: 2145499 Ontario Inc. · creditor: Foremost Mortgage Holding Corporation · currency: CAD · security: Mortgage (registered prior to other mortgages)
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 3155000 · debtor: Lerrato Inc. · creditor: Foremost Mortgage Holding Corporation · currency: CAD · security: Mortgage (registered prior to other mortgages)
- secured creditorsnote: Before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 700000 · debtor: Lerrato Inc. · creditor: BIP Management Inc. · currency: CAD · security: Mortgage (Subsequent Mortgagee)
- secured creditorsnote: Disputed - Respondents challenge validity; ongoing litigation; before interest, fees and other accruing costs; figures in $000s · page: 7 · amount: 5000000 · debtor: Lerrato Inc. · creditor: Joshi Parties (Sanjive Joshi, Xpert Credit Control Solutions Inc., Xpert Law Inc.) · currency: CAD · security: Mortgage (377 Porte Road and the Porte Easement only)