Ontario · Receivership (court-appointed)
Motion Record – Dated September 4, 2026 – Returnable September 17, 2026
Application / notice of application · 4 September 2026
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 filing4 verified
- secured creditorsnote: Senior secured lender; amount exclusive of legal fees, disbursements and accruing interest, and before any advances made to the receivership estate; Receiver obtained independent Security Opinion (BLG) confirming validity/enforceability subject to customary assumptions and qualifications; Debtor's obligations personally guaranteed by Ganni (individual) pursuant to unlimited guarantee · page: 11 · as of: 2026-08-28 · amount: 2619391 · debtor: 2607315 Ontario Inc. · creditor: Tandia Financial Credit Union Limited · currency: CAD · security: Collateral charge/mortgage on 353 St. Paul Avenue, Brantford (registered charge BC446872 in principal amount of $2,200,000, dated 2023-01-10); PPSA registration against all personal property of the Debtor; personal guarantee
- secured creditorsnote: Advances made by Tandia to receivership estate by way of Receiver's Certificate; separate from Tandia Indebtedness above; borrowing limit authorized up to $400,000 · page: 12 · as of: First Report date (September 3, 2026) · amount: 125000 · debtor: 2607315 Ontario Inc. · creditor: Tandia Financial Credit Union Limited (Receiver's Borrowings) · currency: CAD · security: Receiver's Borrowings Charge on the Property pursuant to Appointment Order (para. 22), subordinate to Receiver's Charge
- secured creditorsnote: Second mortgagee; registered principal/charge amount, not a stated outstanding balance; submitted an offer to purchase that was deemed not commercially reasonable · page: 13 · as of: 2024-03-06 · amount: 1000000 · debtor: 2607315 Ontario Inc. · creditor: 2288865 Ontario Inc. ("228 Ont") · currency: CAD · security: Charge registered against 353 St. Paul Avenue, Brantford (registration BC469675)
- secured creditorsnote: Disputed: Receiver's counsel (BLG Lien Review Letter dated August 27, 2026) asserts the lien was not preserved/perfected within statutory timelines, was improperly registered as a general lien, and has demanded discharge; Receiver takes position lien is invalid and, even if valid, does not have priority over Tandia Indebtedness · page: 37 · as of: 2024-08-30 · amount: 169500 · debtor: 2607315 Ontario Inc. and 2684544 Ontario Inc. · creditor: HAB Creative Housing Corp. ("HCHC") · currency: CAD · security: Construction lien registered against 353 St. Paul Avenue (registration BC479162) and asserted against three other parcels (339 St. Paul, 341 St. Paul, 120 St. George)