Al-Cheragh International

Al-Cheragh International, the owner of real property located at 1525 Highway 11 North in Shanty Bay, Ontario, on which there is an Esso gas station, a convenience store, and a Licks restaurant, was placed in receivership on February 1 on application by BMO. All forbearance periods have expired, and the bank has given the company a significant amount of time to repay its indebtedness as well as a number of generous indulgences. msi Spergel (ICIN) was appointed receiver. Chaitons is counsel to the applicant.