Ontario · Receivership (court-appointed)
Motion Record of the Receiver (returnable March 12 2026)
Application / notice of application · 12 March 2026
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What we verified from this filing7 verified
- applicantOAKVILLE CENTRE MEDICAL REALTY LTD.
- courtONTARIO SUPERIOR COURT OF JUSTICE
- court file noCV-25-00001591-0000
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- appointeeBDO Canada Limited
- appointee roleReceiver
- secured creditorsnote: $10,500,000 is the stated principal amount of the VTB, not a confirmed outstanding balance as of a specific date; VTB matured February 9, 2025 and the Debtor failed to repay, constituting a breach; OCMR served a demand for repayment and a Notice of Intention to Enforce Security on February 12, 2025. · page: 10 · debtor: 361 North Service Road Storage GP Corporation · creditor: Oakville Centre Medical Realty Ltd. (OCMR) · currency: CAD · security: First-ranking mortgage (the 'Mortgage') registered on title to the Real Property securing the vendor-take-back mortgage (VTB) with a stated principal amount of $10,500,000 plus applicable interest; also secured by a general security agreement over the Debtor's personal property and a general assignment of rents