Quebec · NOI
Debtor’s First Application for Extension of Delay to File a Proposal
Application / notice of application · 16 May 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 filing10 verified
- applicantMOBI724 GLOBAL SOLUTIONS INC.
- appointeeRichter Inc.
- appointee roleTrustee
- courtS U P E R I O R C O U R T
- court file no500-11-065571-255
- provinceQUEBEC
- statutory basisBankruptcy and Insolvency Act (the "BIA"), RSC 1985, c. B-3, s.s. 50.4 (9)
- commencement date16 May 2025
- secured creditorsnote: Interim Facility authorized maximum principal amount is $868,000.00 CDN (facility limit, not an outstanding balance); Interim Financing Charge of $1,085,000.00 CDN is the registered/court-ordered charge ceiling securing principal, interest, fees and expenses, not a stated balance · page: 12 · as of: May 1, 2025 Order · debtor: Mobi724 Global Solutions Inc. · creditor: 9538-5616 Quebec Inc. (Interim Lender) · currency: CAD · security: Interim Financing Charge - hypothec and security over all present and future movable property (universality), assets, rights, undertakings and properties of every nature and kind, including all proceeds and bank accounts, granted for an aggregate amount of $1,085,000.00 CDN, ranking first in priority among the NOI Charges
- secured creditorsnote: Charge ceiling, not a stated balance owing; beneficiaries are professionals/advisors, not a lending creditor · page: 13 · as of: May 1, 2025 Order · debtor: Mobi724 Global Solutions Inc. · creditor: NOI Trustee (Richter Inc.), NOI Trustee's legal counsel, and Debtor's legal counsel · currency: CAD · security: Administration Charge - hypothec and security in the Property, granted to the extent of an aggregate amount of $150,000.00 CDN, securing professional fees and disbursements, ranking second in priority after the Interim Financing Charge