Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 15 November 2024
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What we verified from this filing9 verified
- applicantLIMESTONE CAPITAL INC.
- commencement date15 November 2024
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00731267-00CL
- statutory basissection 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: Revised/corrected BIA Notice amount as of October 25, 2024 superseding earlier figure of $638,835.00 stated as of October 9, 2024 (which was noted by affiant as 'incorrectly stated'); per diem interest as of Oct 25, 2024 was $286.07, later increased to $286.85 as of Nov 1, 2024. Loan principal $600,000 secured by three mortgages. · page: 18 · as of: 2024-10-25 · amount: 671026.28 · debtor: 1079 Bathurst Inc., 2785470 Ontario Limited, 2785471 Ontario Limited · creditor: Limestone Capital Inc. · currency: CAD · security: Second mortgages: 1079 Bathurst Property (Instrument AT5944120, principal $600,000, registered Dec 20, 2021, amended AT6316861 Apr 21, 2023); 10 Cavell Property (Instrument AT6316863/AT6316862, principal $600,000, registered Apr 21, 2023); 12 Cavell Property (Instrument AT6316864, principal $600,000, registered Apr 21, 2023) - cross-collateralized
- secured creditorsnote: Prior encumbrance ranking ahead of Limestone's second mortgage; amount is registered principal, not confirmed outstanding balance · page: 20 · as of: 2021-10-26 · amount: 746250 · debtor: 2785471 Ontario Limited · creditor: Canadian Mortgage Servicing Corporation · currency: CAD · security: Prior first mortgage on 12 Cavell Property, Instrument AT5892835, registered October 26, 2021
- secured creditorsnote: Prior encumbrance ranking ahead of Limestone's second mortgage; amount is registered principal, not confirmed outstanding balance · page: 20 · as of: 2021-10-25 · amount: 746250 · debtor: 2785470 Ontario Limited · creditor: Canadian Mortgage Servicing Corporation · currency: CAD · security: Prior first mortgage on 10 Cavell Property, Instrument AT5892481, registered October 25, 2021
- secured creditorsnote: Prior encumbrance ranking ahead of Limestone's second mortgage; amount is registered principal, not confirmed outstanding balance · page: 20 · as of: 2021-12-20 · amount: 1200000 · debtor: 1079 Bathurst Inc. · creditor: Owemanco Mortgage Holding Corporation · currency: CAD · security: Prior first mortgage on 1079 Bathurst Property, Instrument AT5944119, registered December 20, 2021