Quebec · Receivership (court-appointed)
Motion to Appoint a Receiver (French Only)
Application / notice of application · 12 September 2024
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 filing8 verified
- applicantBANQUE ROYALE DU CANADA
- appointeeMNP LTÉE.
- appointee roleSéquestre
- courtCOUR SUPÉRIEURE
- court file no705-11-013615-241
- provinceQUÉBEC
- statutory basisArticle 243 de la Loi sur la faillite et l'insolvabilité et Article 6(4) des Règles
- secured creditorsnote: Balance per statement of account (Pièce RS-7) as of 2024-09-09: term loan #38568474 007 - capital $374,938.91 + accrued interest $38,485.37 = outstanding $413,424.28, plus legal fees outstanding $10,946.11; total stated $424,370.39. Also secured by a suretyship/guarantee dated 2018-12-17 from the debtor for 9380-5778 Québec Inc.'s obligations up to $550,000 (now merged entities). Debtor is in default; NOI under s.244(1) BIA served 2024-01-23; notice of exercise of hypothecary right (immovable) served/published 2024-01-31 and (movable) served/published 2024-02-07. · page: 4 · as of: 2024-09-09 · amount: 424370.39 · debtor: Centre de Liquidation Raynat Inc. (successor by simplified merger to 9380-5778 Québec Inc.) · creditor: Banque Royale du Canada · currency: CAD · security: Immovable hypothec published 1918-12-19 (Montcalm registration #24 336 418) over the debtor's real property; movable hypothecs without delivery published 2018-12-19 (#18-1394053-0001, re Raynat) and 2018-12-21 (#18-1400206-0001, re 9380-5778 Québec Inc.) over universality of movables, both securing all present and future obligations under Loan 1 (credit agreement dated 2023-11-23) and Loan 2 (credit agreement dated 2022-01-12, originally to 9380-5778 Québec Inc.)