Ontario · Receivership (court-appointed)
Application Record - Appointment of a Receiver
Application / notice of application · 21 March 2025
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What we verified from this filing11 verified
- applicantBUSINESS DEVELOPMENT BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-25-00738176-00CL
- 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
- commencement date21 March 2025
- appointeeMNP
- appointee roleReceiver
- secured creditorsnote: Amount is original principal advanced/registered mortgage amount, not necessarily current outstanding balance (Payout Balances (Detail) exhibit exists at Tab X but figures not provided on these pages); demand issued April 19, 2024; Notice of Sale issued July 25, 2024 · page: 8 · as of: 2022-07-11 · amount: 1460000 · debtor: 14142471 Canada Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: First Charge/Mortgage of Land, principal amount $1,460,000, registered July 25, 2022 as Instrument No. AT6139942; Assignment of Rents registered July 25, 2022 as Instrument No. AT6140224; General Security Agreement dated July 13, 2022
- secured creditorsnote: Amount is registered principal, not confirmed outstanding balance; 260 Ltd. has also issued a notice of sale under its mortgage · page: 9 · as of: 2023-01-16 · amount: 100000 · debtor: 14142471 Canada Inc. · creditor: 2600526 Ontario Ltd. ("260 Ltd.") · currency: CAD · security: Second Charge/Mortgage of Land, principal amount $100,000, registered January 16, 2023 as Instrument No. AT6264071; Assignment of Rents registered January 16, 2023 as Instrument No. AT6264097
- secured creditorsnote: Amount is registered principal, not confirmed outstanding balance; individual/related-party lender · page: 9 · as of: 2023-07-14 · amount: 70000 · debtor: 14142471 Canada Inc. · creditor: Carmine Via · currency: CAD · security: Third Charge/Mortgage of Land, principal amount $70,000, registered July 14, 2023 as Instrument No. AT6375165; Assignment of Rents registered July 14, 2023 as Instrument No. AT6375166