Proceedings.

New Age Granite and Marble Ltd., its Montréal arm, and two Tile Giant entities

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Active
Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-25-00743229-00CL
Filings held10
Last activity19 Dec 2025
On the record321 days
Secured debt$2.17M
OverviewSummary updated

New Age Granite and Marble Ltd., its Montréal affiliate New Age Granite & Marble (Montreal) Ltd., Tile Giant Ltd. and Tile Giant Burlington Inc. have been in court-appointed receivership in Ontario under s. 243 of the BIA and provincial Judicature Act authority since November 4, 2025. Royal Bank of Canada, which holds a September 17, 2022 general security agreement from New Age Granite & Marble, corporate guarantees from the three other entities and an October 19, 2022 movable hypothec registered in Quebec against the Montréal company, demanded payment by letters dated February 7, 2025 of CAD $2,167,588.13 and USD $6,443,800.12 owing as at February 4, 2025, exclusive of legal fees, disbursements and accruing interest. Directors gave personal guarantees of $500,000 each. The Canada Revenue Agency filed HST deemed-trust proofs of claim dated November 12, 2025 for periods ending July 31, 2025 — $305,803.17 against New Age Granite & Marble and $182,440.24 against Tile Giant. Revenu Québec's priority claim against the Montréal entity remained outstanding as of the receiver's first report.

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#Order

New Age Granite and Marble Ltd., its Montréal arm, and two Tile Giant entities — Receivership filed, Ontario.

Parties

Debtor

New Age Granite and Marble Ltd., its Montréal arm, and two Tile Giant entities

Applicant

Royal Bank of Canada

Receiver

Fuller Landau

Capital structureAs asserted in the filings
stated amounts, drawn to scale · 1 named without a figure
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesDeemed-trust class claim (unpaid HST) for periods ending July 31, 2025, per CRA proof of claim dated November 12, 2025; includes $9,152.56 of penalties and interest. — debtor: New Age Granite & Marble Ltd. · as of 12 Nov 2025$306KMotion Record of the Receiver
3Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesDeemed-trust class claim (unpaid HST) for periods ending July 31, 2025, per CRA proof of claim dated November 12, 2025; includes $13,498.43 of penalties and interest. CRA had not yet filed proofs of claim for payroll source deductions, and Revenu Québec's priority claim for New Age Montreal was outstanding as of the First Report. — debtor: Tile Giant Ltd. · as of 12 Nov 2025$182KMotion Record of the Receiver
4SecuredRoyal Bank of Canada · in 556 casesGeneral security agreement (New Age GSA) dated September 17, 2022 covering Inventory/Equipment/Accounts/Other/Motor Vehicle; Corporate Guarantees dated September 17, 2022 (each in principal amount of $12,200,000, a guarantee ceiling not a balance) from New Age Montreal, Tile Giant and Tile Giant Burlington, each collateralized by GSAs dated September 17, 2022; movable hypothec dated October 19, 2022 granted by New Age Montreal, registered in Quebec RDPRM — Per Demand Letters dated February 7, 2025, amount owing as of February 4, 2025, exclusive of legal fees, disbursements and accruing interes · as of 4 Feb 2025$2.17MMotion Record of the Receiver
5PMSI / lessorsPPSA equipment/vehicle financiers (PMSI class)Serialized equipment/motor vehicle PMSI registrations under the PPSA (Ontario) and Quebec RDPRM — Aggregated per PMSI-class convention; individual amounts secured stated on PPSA search results include: Ford Credit Canada Leasing $65,081 (2024 Jeep Grand Cherokee); Canadian Dealer Lease Services Inc./Bank of Nova Scotia-DLAC $39,426.82 (2024 Mazda CX-50); Canadian Dealer Lease Services Inc./Bank of Nova Scotia-DLAC $126,984.78 (2024 Land Rover Range Rover) — registration marked DISCHARGED; Mercedes-Benz Financial Services Canada Corporation $101,507 (2023 Mercedes-Benz EQE350, maturity Dec 15, · as of 7 May 2025Motion Record of the Receiver
8UnsecuredReceiver General (RT) · in 75 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$86.1K245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredDANESI CARGO S.r.l.debtor: New Age Granite & Marble (Montreal) Ltd.$10.9K245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredYale PGC LLPdebtor: New Age Granite & Marble (Montreal) Ltd.$9.38K245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredGM Financial Canada Leasing Ltd. · in 16 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$5.31K245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredEmployees · in 185 casesSecond 'Employees' line item in original schedule, distinct from first — debtor: New Age Granite & Marble (Montreal) Ltd.$1.48K245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredAFDICQdebtor: New Age Granite & Marble (Montreal) Ltd.$1.18K245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredLes Entreprises LND Inc.debtor: New Age Granite & Marble (Montreal) Ltd.$747245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredEmployees · in 185 casesListed separately from second 'Employees' entry below in original schedule — debtor: New Age Granite & Marble (Montreal) Ltd.$679245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredLotus Transportationdebtor: New Age Granite & Marble (Montreal) Ltd.$650245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredMediterranean Shipping Company Canada Inc. · in 2 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$650245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredFinancire Manuviedebtor: New Age Granite & Marble (Montreal) Ltd.$613245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredFournitures De Bureau Denis · in 32 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$447245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredULINE Canada Corporation · in 71 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$441245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredLiftech Manutention Inc. · in 2 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$335245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredDelcom · in 6 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$305245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredVINITORdebtor: New Age Granite & Marble (Montreal) Ltd.$120245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredITN logistics · in 2 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$90245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredLabrador · in 7 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$90245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredBell · in 27 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$59245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredHydro Quebec · in 34 casesdebtor: New Age Granite & Marble (Montreal) Ltd.$3245-6 Report - New Age Granite & Marble (Montreal)
8UnsecuredGRENKE GC Credit bail Quebec Inc.debtor: New Age Granite & Marble (Montreal) Ltd.$0245-6 Report - New Age Granite & Marble (Montreal)

“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.

Sale processAs stated in the filings

Sale approvedthe Auction is hereby approvedApproval and Vesting Order - Receiver - The Fuller Landau Group Inc.… · 19 Dec 2025

PurchaserPriceStatusSource
end purchasers at auction, unnamedthe Debtors' right, title and interest in and to the assets described in the Auction Agreement (the "Auction Assets") · auction · agreement 9 Dec 2025not statedApproved19 Dec 2025Approval and Vesting Order - Receiver - The…
AdvisorsInfinity Asset Solutions Inc. (auctioneer)Approval and Vesting Order - Receiver - The Fuller Landau Group Inc.…
Closing termsupon delivery of a receipt for payment in full by the Auctioneer to each of the respective Purchasers, all right, title and interest vests absolutelyApproval and Vesting Order - Receiver - The Fuller Landau Group Inc.…
Documents
10 filings
DateDocumentFile
Ancillary Order - Receiver - The Fuller Landau Group Inc. -19-DEC-2025, Orders - Royal Bank of Canada v. New Age Granite & Marble Ltd., et al. (CV-25-00743229-00CL)
  • Presiding officer Justice J. Dietrich
PDF
Approval and Vesting Order - Receiver - The Fuller Landau Group Inc. -Orders - Royal Bank of Canada v. New Age Granite & Marble Ltd., et al. (CV-25-00743229-00CL), 19-DEC-2025
  • Closing terms upon delivery of a receipt for payment in full by the Auctioneer to each of the respective Purchasers, all right, title and interest vests absolutely
  • Purchaser end purchasers at auction, unnamed · the Debtors' right, title and interest in and to the assets described in the Auction Agreement (the "Auction Assets") · auction · approved
  • Sale advisor Infinity Asset Solutions Inc. (auctioneer)
  • Sale outcome Sale approved — the Auction is hereby approved
PDF
CV-25-00743229-00CL, ROYAL BANK OF CANADA v. NEW AGE GRANITE & MARBLE LTD. et al, (EN) Civil Judicial Judgment
  • Presiding officer Justice J. Dietrich
PDF
Motion Record of the Receiver
  • Applicant ROYAL BANK OF CANADA
  • Appointee The Fuller Landau Group Inc.
  • Appointee role Receiver
  • Court SUPERIOR COURT OF JUSTICE
  • + 3 more extracted facts
PDF
245-6 Report - New Age Granite & MarblePDF
245-6 Report - New Age Granite & Marble (Montreal)
  • Financial position as at 31 Oct 2025 · per preliminary financial information prepared and compiled by management of the Debtors; unaudited, unreviewed, not verified by the Receiver · entity (New Age Granite & Marble (Montreal) Ltd.) — No total assets figure stated; document lists only components (in $000s): Cash 55, Accounts receivable - CAD 1,982, Inventory 2,415, Furniture & fixtures 184, Other prepaids & deferred assets 15. No liabilities figure provided in the reviewed pages.
  • Secured creditors $8.6M · Page: 2 · Debtor: New Age Granite & Marble (Montreal) Ltd. · Creditor: Royal Bank of Canada · Security: General Security Agreement
  • Unsecured creditors $90 · Page: 3 · Basis: Partial listing of unsecured creditors based on the Company's books and records · Debtor: New Age Granite & Marble (Montreal) Ltd. · Creditor: Labrador
PDF
245-6 Report - Tile GiantPDF
245-6 Report - Tile Giant BurlingtonPDF
Order (Appointing Receiver)
  • Applicant Royal Bank of Canada
  • Appointee The Fuller Landau Group Inc.
  • Appointee role receiver
  • Commencement date 4 November 2025
  • + 5 more extracted facts
PDF
Endorsement
  • Presiding officer Justice Steele
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “New Age Granite and Marble Ltd., its Montréal arm, and two Tile Giant entities” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/new-age-granite-and-marble-ltd-its-montr-al-arm-and-two-tile-giant-entities

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/new-age-granite-and-marble-ltd-its-montr-al-arm-and-two-tile-giant-entities

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.