Ontario · Receivership (court-appointed)
Application Record Part 3
Application / notice of application · 6 December 2023
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What we verified from this filing5 verified
- secured creditorsnote: Per financing change statement registered 2014-11-25, Firm Capital Mortgage Fund Inc. POSTPONES its security interest/registration under file 700621092 to the security interest/registration of Vector Financial Services Limited and Computershare Trust Company of Canada (file 701131392) re King Square Hotel Corporation lands — subordinated rank · page: 3 · debtor: King Square Hotel Corporation (registration also names King Square Ltd., 2247692 Ontario Inc., 2247697 Ontario Inc., Felicia Planning and Consultant Service Corporation as related debtors under PPSA file 700621092) · creditor: Firm Capital Mortgage Fund Inc. · currency: CAD · security: Blanket/general security registration (PPSA file 700621092) over Markham lands (Part of Block 2, Plan 65M3925, 9390 Woodbine Avenue) and security agreements respecting deposits and cash security; no amount stated in registration
- secured creditorsnote: Senior in rank to Firm Capital Mortgage Fund Inc. per postponement dated 2014-11-25 · page: 3 · debtor: King Square Hotel Corporation · creditor: Vector Financial Services Limited · currency: CAD · security: Security interest/registration benefiting from postponement by Firm Capital Mortgage Fund Inc.; no amount or file number for Vector's own registration stated
- secured creditorsnote: Senior in rank to Firm Capital Mortgage Fund Inc. per postponement dated 2014-11-25 · page: 4 · debtor: King Square Hotel Corporation · creditor: Computershare Trust Company of Canada · currency: CAD · security: Security interest/registration (PPSA file 701131392) re lands of King Square Hotel Corporation (Part of Block 2, Plan 65M3925); no amount stated
- secured creditorsnote: Alleged debt underlying litigation; statement of claim served on Vendor 2021-01-29; disputed by Vendor per Purchaser's counsel correspondence; not a consensual security interest but a registered encumbrance on title · page: 104 · as of: 2022-04-01 · amount: 4500000 · debtor: Markland Residential Corporation · creditor: Guoping Li · currency: CAD · security: Certificate of Pending Litigation (CPL) registered against title to the Property
- secured creditorsnote: Judgment amount per Execution Certificate issued 2021-11-02; interest accruing at 18% from 2021-10-14; underlying litigation/nature undisclosed by Vendor · page: 104 · as of: 2021-11-02 · amount: 518809.12 · debtor: Markland Residential Corporation · creditor: Tyco Integrated Fire & Security Canada Inc. · currency: CAD · security: Execution Certificate registered against title to the Property