June 19, 2018

Filing Type:

Trustee: BDO

Trustee Counsel: Aird & Berlis

Applicant: BDC

Applicant Counsel: Chaitons

Industry:

Province:

2120 Dundas Holdings and several other related real estate holding companies, were placed in receivership on June 19 on application by BDC. The companies own properties municipally known as 9160 Bayview Avenue, Richmond Hill Ontario (Bayview Medical Centre) and 2120 Dundas Street East, Mississauga, Ontario, from which a banquet hill by the name of Lviv Castle operates. In September, 2017, following an internal investigation, BDC confirmed that a number of the companies and their principals falsified documents and made material misrepresentations to BDC in connection with their loan applications. Additionally, the companies have allowed substantial property tax arrears to accrue on the properties. BDO was appointed receiver. Counsel is Chaitons for the applicant and Aird & Berlis for the receiver.