National Importers Canada Ltd. (Receivership)

National Importers Canada Ltd. remains in a court-appointed receivership that began on 1 October 2020, with MNP Ltd. acting as Receiver under subsection 245(1) of the Bankruptcy and Insolvency Act. The Receiver's statement puts the company's total assets at $516,652, based on estimated realizable values taken from the Statement of Affairs filed by NICL in the bankruptcy proceedings, and records that all of the company's assets are subject to registered security interests. Registered PPSA claims include Grantham Holdings at $4,337,905, DCD Design & Manufacturing Ltd. at $2,955,519 and RCAP Leasing Inc. at $4,811, alongside statutory deemed trust and WEPP claims by the Canada Revenue Agency and Service Canada listed as unknown in amount. The unsecured subtotal in the listing of creditors is $17,654,520.74, of which Grantham Holdings Ltd. accounts for two entries totalling $3,851,064 and $7,957,065.