Newfoundland and Labrador · Receivership (court-appointed)

Notice of Motion

Application / notice of application · 29 September 2026

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing3 verified

secured creditorsnote: Balance owed not stated in this document. Receiver seeks an interim distribution of $14,500,000.00 (paragraph 24 of its Second Report), but this is a proposed distribution, not the outstanding debt. · page: 3 · debtor: Innovative Capital Investments Inc. and Dominion Trading Limited · creditor: Bank of Montreal · currency: CAD · security: Valid first charge in R.S. Journey, R.S. Journey II, the License (groundfish license NL-013) and the personal property of the debtors, per Receiver's security opinion; subject only to the CRA deemed trust and RBC's serial numbered personal property
secured creditorsnote: Amount owed not stated. Named as a recipient of the proposed interim distribution. · page: 3 · debtor: Innovative Capital Investments Inc. and Dominion Trading Limited · creditor: Royal Bank of Canada · currency: CAD · security: Serial numbered personal property (priority over BMO's first charge on that property)
unsecured creditorsnote: Deemed trust (quasi-governmental claim) ranking ahead of BMO's first charge. Amount not stated. Named as a recipient of the proposed interim distribution. · page: 3 · basis: Deemed trust claim, per Receiver's security opinion · debtor: Innovative Capital Investments Inc. and Dominion Trading Limited · creditor: Canada Revenue Agency · currency: CAD