For further information contact:
Deepak International Ltd., Deepak Developments Ltd.
Deepak International Ltd. and Deepak Development Ltd. (the “Companies”) own two buildings next to the Yellowknife airport and a leasehold interest on the land. Company records and security documentation indicate that the Companies own diamond polishing and cutting equipment, which the receiver is attempting to locate.
On April 19, 2017, The Bowra Group Inc. was appointed Receiver of Deepak International Ltd. and Deepak Development Ltd. by an order of the Supreme Court of the Northwest Territories.
On September 22, 2015, The Bowra Group Inc. was appointed Receiver of the Companies pursuant to a security agreement provided to Callidus Capital Corporation.