British Columbia · Receivership (court-appointed)
Affidavit #1 of Quyen Vu
Affidavit · 17 July 2025
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What we verified from this filing4 verified
- applicantMORTEQ LENDING CORP.
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noNEW-S-H-259010
- secured creditorsnote: Affidavit (sworn July 17, 2025) states at para 12 that 'the amount due and owing under the Mortgage remains unpaid' as of the swearing date, but no dollar figure is given on these pages; demand letters dated March 5, 2025 (Exhibit G) which would state the exact balance are referenced but not reproduced in the extracted pages. Paramjit Singh is named Covenantor/Guarantor on the Mortgage (personal guarantee). · page: 5 · debtor: 1174858 B.C. Ltd. · creditor: Morteq Lending Corp. · currency: CAD · security: Mortgage, Assignment of Rents and Express Mortgage Terms dated December 5, 2023, registered New Westminster Land Title Office Dec 6, 2023 under nos. CB1063116/CB1063117 against three parcels (Lot 6 Sec 10 Twp 12 NWD Plan 10921; Lot 7 except part subdivided by Plan 22743, Sec 10 Twp 12 NWD Plan 14750; Lot A Sec 10 Twp 12 NWD Plan 22743); principal amount of $9,200,000.00 stated as the registered ceiling securing 'up to the aggregate of' that principal sum plus all present/future debts and unpaid interest — a registration ceiling, not a stated outstanding balance