Ontario · Receivership (court-appointed)
Receiver's Notice and Statement
Notice of receiver (s. 245 / Form 87) · 13 November 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 filing5 verified
- secured creditorsnote: Individual listed directly as secured creditor (not identified as guarantor); figure per Receiver's statement based on limited available books and records · page: 1 · amount: 2090000 · debtor: 27 Developments Inc. · creditor: Rajinder Singh Pahal · currency: CAD
- secured creditorsnote: Figure per Receiver's statement based on limited available books and records · page: 1 · amount: 32000000 · debtor: 27 Developments Inc. · creditor: BJK Holdings Ltd · currency: CAD
- secured creditorsnote: Nominal $1.00 amount as reported; likely placeholder for municipal taxes/lien of unstated value · page: 1 · amount: 1 · debtor: 27 Developments Inc. · creditor: Corporation of the City of Vaughan · currency: CAD
- financial positionnote: Sole identified property (8440 Highway 27, Vaughan, ON) net book value stated as 'Unknown'; no total assets or liabilities figure provided · page: 2 · basis: Receiver's identification of property and assets, based on limited available books and records · scope: 27 Developments Inc. (entity level) · currency: CAD
- unsecured creditorsnote: Nominal $1.00 amount as reported; deemed-trust class (CRA) but stated at nominal value · page: 2 · basis: Receiver's Statement of amounts owed by insolvent person, per s. 245(1)/246(1) BIA, based on limited available books and records · amount: 1 · debtor: 27 Developments Inc. · creditor: Canada Revenue Agency - Business #887988426 · currency: CAD