Ontario · Receivership (court-appointed)
Application Record dated April 10, 2025
Application / notice of application · 10 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 filing7 verified
- applicantAREND CORPORATION, DOMENIC SERICCHI, PETER ADAMO, FRANK ADAMO, ANTONINI FAMILY HOLDINGS INC., 1453595 ONTARIO INC., M ANTONINI HOLDINGS INC., CARMEN ANTONINI, 1599825 ONTARIO LIMITED, 2205633 ONTARIO LIMITED, FREEMAC TILE AND GRANITE INC., FUSION TERRAZZO SYSTEMS INC., MAPLE CORP. INVESTMENTS, TMAC
- commencement date10 April 2025
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-25-00737678-00CL
- provinceONTARIO
- statutory basisSUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c.B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c. C.43, AS AMENDED
- secured creditorsnote: Syndicate of 20 tenants-in-common private lenders per shares set out in the registered Charge (e.g., Arend Corp. $750,000, Fredy Rossi $5,000,000, etc., totalling the $25,383,000 principal); obligations personally guaranteed by Roman Zhardanovsky, sole officer/director of the Debtor, pursuant to Guarantee dated July 20, 2023 (related-party/personal guarantor); an earlier prose balance of $27,993,765.65 as of February 5, 2025 was stated in the Notice of Application, superseded by the exact affidavit figure as of March 31, 2025; Parcel Abstracts and PPSA searches (as of February 10, 2025) disclose no other secured creditors of the Debtor. · page: 32 · as of: 2025-03-31 · amount: 28450456.25 · debtor: Grmada Holdings Inc. · creditor: The Lender (syndicate: Arend Corporation, Domenic Sericchi, Peter Adamo, Frank Adamo, Antonini Family Holdings Inc., 1453595 Ontario Inc., M Antonini Holdings Inc., Carmen Antonini, 1599825 Ontario Limited, 2205633 Ontario Limited, Freemac Tile and Granite Inc., Fusion Terrazzo Systems Inc., Maple Corp. Investments, TMAC Design Inc., Fredy Rossi, Tyler Rossi, Connor Rossi, Meghan Rossi, Riverside Humber Corp., 2438747 Ontario Limited, Jacquie Strauss, and Anne Urbanek) · currency: CAD · security: First-ranking Charge/Mortgage No. AT6380353 registered July 21, 2023 against the Real Property (3750, 3748 and 3742 Bathurst Street, Toronto) for registered principal sum of $25,383,000.00 (Charge document, original p.79) — affidavit states principal of $25,838,000.00 (original p.31), a discrepancy in the record; General Security Agreement registered under PPSA as Financing Statement No. 20230721 0913 1590 3006 on July 21, 2023; General Assignment of Rents, Instrument No. AT6380354, registered July 21, 2023