#Order
The court appointed msi Spergel Inc. as receiver, on the application of Royal Bank of Canada. Court file CV-24-00001450-0000.
Source: Order of the Honourable Justice Byrne dated July 31, 2024
Chill X Trans Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-24-00001450-0000
Filings held6
Last activity31 Jul 2024
On the record782 days
Secured debt$2.42M
OverviewSummary updated
Chill X Trans Inc. is subject to bankruptcy proceedings. Royal Bank of Canada and its subsidiary RCAP Leasing Inc. hold a General Security Agreement dated July 10, 2023 covering all present and after-acquired personal property, registered under the Ontario PPSA, securing a $1,800,000 revolving demand facility, a $700,000 revolving lease line, a Master Lease Agreement, and separate lease and conditional sale agreements. Per a Demand Letter and BIA Notice dated January 24, 2024, the debtor owed RBC and RCAP a combined $2,422,345.07 as of January 23, 2024, exclusive of legal fees, disbursements and accruing interest. The obligations are guaranteed by Fozia Javed and Shahid Tariq up to $600,000. A group of equipment and vehicle financiers, including Evolution Capital Corporation, Coast Capital Equipment Finance, Mitsubishi HC Capital Canada Leasing, Wells Fargo Equipment Finance, De Lage Landen Financial Services Canada and Bank of Montreal, hold PPSA registrations that rank ahead of RBC's all-collateral security only with respect to the specific equipment and vehicles they cover.
Proceedings AIAsk this case — answers cite the filings
Case updates6 dated entries
#Order
Reasons for Judgement by the Honourable Justice Byrne dated July 31, 2024 — Endorsement / reasons
#Order
An initial order was granted. Court file CV-24-00001450-0000.
Source: Order of the Honourable Justice Tzimas dated April 23, 2024
Parties
Debtor
Chill X Trans 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 Fowler-Byrne | Ontario Superior Court of Justice | 2 orders, Jul 2024 | 7 cases on record |
| Justice Tzimas | Ontario Superior Court of Justice | 2 orders, Apr 2024 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 7 Jun 2024 | Factum · 7 Jun 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada and RCAP Leasing Inc.General Security Agreement dated July 10, 2023 (first-ranking security interest in all present and after-acquired personal property of the Debtor, registered under the PPSA (Ontario)); also secures Credit Agreement dated July 10, 2023 ($1,800,000 revolving demand facility and $700,000 revolving lease line), Master Lease Agreement dated December 1, 2023, Conditional Sale Agreement no. 78577 dated August 3, 2023, and Lease Contract no. 579620-81280 dated September 27, 2023 — Total per Demand Letter and BIA Notice dated January 24, 2024, exclusive of legal fees, disbursements and accruing interes · as of 23 Jan 2024 | $2.42M | Application Record - RBC dated March 27, 2024 |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesPPSA registrations over specific equipment and motor vehicles only (not all-collateral); registrants named: Evolution Capital Corporation, Coast Capital Equipment Finance Ltd., Mitsubishi HC Capital Canada Leasing, Inc., Wells Fargo Equipment Finance Company, De Lage Landen Financial Services Canada Inc., and Bank of Montreal — These registrations rank ahead of RBC's all-collateral registration only with respect to the specific equipment/vehicles they cover; no balances or amounts stated in the document — debtor: Chill X Trans Inc. | — | Application Record - RBC dated March 27, 2024 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Documents6 filings
| Date | Document | File |
|---|---|---|
Order of the Honourable Justice Byrne dated July 31, 2024
| ||
Reasons for Judgement by the Honourable Justice Byrne dated July 31, 2024
| ||
Factum of RBC dated June 7, 2024
| ||
Endorsement of the Honourable Justice Tzimas dated April 24, 2024
| ||
Order of the Honourable Justice Tzimas dated April 23, 2024
| ||
Application Record - RBC dated March 27, 2024
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Chill X Trans Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/chill-x-trans-inc