Ontario · Receivership (court-appointed)
Responding Application Record- April 30 2025
Application / notice of application · 30 April 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 filing2 verified
- financial positionnote: Liabilities comprise TD Commercial Mortgages balance ($2,182,489.65, marked NONPERF) and TD Business Cash Back Visa balance ($26.49, credit limit $10,000, marked (RVKD)OWNER); stated Consolidated Balance (CDN) is -$2,181,633.93. · page: 73 · as at: 2024-12-16 · basis: TD Bank-prepared 'Business Portfolio' account statement (bank record of the Respondent's TD accounts), attached as Exhibit "D" · scope: Limited to Dosanjh Care Inc.'s TD Bank accounts only (current account, commercial mortgage, and business Visa) — not an entity-wide balance sheet · currency: CAD · total assets: 882.21 · total liabilities: 2182516.14
- secured creditorsnote: Bank's own account statement marks this account status as "(NONPERF)" (non-performing) despite the Respondent's affidavit asserting all monthly payments have been made and no default has occurred; the Applicant (per the affidavit) has separately indicated it believes a sale of the Property would result in a shortfall on the indebtedness, implying the loan may be undersecured. · page: 73 · as of: 2024-12-16 · amount: 2182489.65 · debtor: Dosanjh Care Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: TD Commercial Mortgage (account no. 3102 9277176-03) — presumed secured against the Respondent's real property (the "Property")