#Order
The court appointed msi Spergel inc. as receiver, on the application of ROYAL BANK OF CANADA. Court file CV-24-00001690-0000.
Source: Order of the Honourable Justice Yamashita data August 21, 2024
A.A.M Logistics Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- File
- CV-24-00001690-0000
OverviewSummary updated
A.A.M Logistics Inc. is in an active bankruptcy proceeding. Royal Bank of Canada, secured under a General Security Agreement dated August 2, 2023 and a Master Lease Agreement dated August 16, 2023, issued a demand and a Notice of Intention to Enforce Security on March 20, 2024, asserting indebtedness of $1,897,830.02 comprised of a demand loan of $1,630,709.74, a Visa balance of $254,227.38, and a lease obligation of $12,892.90. The bank's Notice of Application and an affidavit of Manoj Davé later stated the debt as of April 11, 2024 at $1,916,170.61 plus accruing interest and enforcement costs. Sole director Arsalan Minhas guaranteed the company's obligations to RBC up to $950,000.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
#Filing
Book of Authorities for Royal Bank of Canada dated May 6, 2024 — Application / notice of application
2 earlier updates, back to 21 August 2024 — subscribers.
Parties
Debtor
A.A.M Logistics Inc.
Receiver
msi Spergel inc.
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Yamashita | Ontario Superior Court of Justice | 1 order, Aug 2024 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorRoyal Bank of Canada | Harrison Pensa LLP | 6 May 2024 | Factum · 6 May 2024 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral Security Agreement dated August 2, 2023 (all-property/blanket security over inventory, equipment, accounts, intangibles, etc.); Master Lease Agreement dated August 16, 2023 with leasing schedule #201000075844 (2013 Utility Dryvan Triaxle); Guarantee and Postponement of Claim dated August 2, 2023 from Arsalan Minhas (sole director/guarantor), limited to $950,000 (personal guarantee - not a separate corporate secured creditor). Facility limits under Letter Agreement dated August 1, 2023 (not balances): Facility #1 Revolving Demand $1,600,000; Facility #2 Revolving Term $2,000,000; Facili · as of 20 Mar 2024 | $1.9M | Application Record of Royal Bank of Canada dated May 3, 2024 |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Documents5 filings
| Date | Document | File |
|---|---|---|
Order of the Honourable Justice Yamashita data August 21, 2024
| PDF · Subscribers | |
Affidavit of Thomas Masterson dated August 20, 2024
| PDF · Subscribers | |
| Book of Authorities for Royal Bank of Canada dated May 6, 2024 | PDF · Subscribers | |
Factum of Royal Bank of Canada data May 6, 2024
| PDF · Subscribers | |
Application Record of Royal Bank of Canada dated May 3, 2024
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “A.A.M Logistics Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/a-a-m-logistics-inc