Ontario · Receivership (court-appointed)

Motion Record - Receiver - BDO Canada LLP - 22-NOV-2024

Application / notice of application · 22 November 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

commencement date22 November 2024
applicantMOTOR CITY COMMUNITY CREDIT UNION LIMITED
appointeeBDO Canada LLP
appointee rolecourt-appointed receiver
courtSUPERIOR COURT OF JUSTICE
court file noCV-24-00086270-0000
statutory basissection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
secured creditorsnote: $1,650,000 is the registered principal/facility amount per Commitment Letter dated February 20, 2019; outstanding balance not stated in these pages. · page: 18 · amount: 1650000 · debtor: 2673422 Ontario Inc. · creditor: Motor City Community Credit Union Limited · currency: CAD · security: Business Loan General Security Agreement dated March 29, 2019 and Charge/Mortgage on Real Property registered April 2, 2019 in the principal sum of $1,650,000 (2673 Credit Facility/Mortgage)