Ontario · Receivership (court-appointed)
Exhibit Book
Affidavit · 3 March 2021
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
- secured creditorsnote: Receiver retained independent counsel (Goldman, Sloan, Nash & Haber LLP) to provide an independent legal opinion on validity/enforceability of RBC's security; Receiver assisted RBC in accessing/repatriating pledged Luxembourg bank account funds and distributed funds to RBC under a reimbursement agreement pending a distribution approval order; no balance stated in this document. · page: 30 · debtor: Mundo Media Ltd. and related Debtors · creditor: Royal Bank of Canada · currency: CAD · security: Specific pledges over Debtors' bank accounts located in Luxembourg; general security underlying the Appointment Order
- secured creditorsnote: HST/ETA s.165 assessment (before penalties and interest) relating to a May 2017 related-party software transaction with subsidiary 2518769 Ontario Ltd.; deemed-trust class claim; Notice of Assessment issued March 25, 2020; disputed - Receiver filed a Notice of Objection and provided the RC4616 election documentation; matter still under consideration by CRA as of report date. · page: 37 · as of: 2019-12-04 · amount: 919105.72 · debtor: Mundo Media Ltd. · creditor: Canada Revenue Agency · currency: CAD