Ontario · Receivership (court-appointed)
Application Record of Royal Bank of Canada dated August 9, 2024 - Part 4
Application / notice of application · 9 August 2024
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 filing7 verified
- secured creditorspage: 22 · debtor: Aishka Recycling Inc. (o/a Eco Friendly Recycling) · creditor: Accord Small Business Finance Corp. · currency: CAD · security: All present and after-acquired personal property of the debtor and an uncrystallized floating charge on land (PPSA registration, file 775891719, registered 2021-08-30)
- secured creditorspage: 23 · debtor: Eco Friendly Recycling (related trade name of Aishka Recycling Inc.) · creditor: Accord Small Business Leasing Corp. · currency: CAD · security: Secured party under same registration file 775891719; collateral description not shown on available registration page
- secured creditorspage: 24 · debtor: Aishka Recycling Inc. · creditor: Accord Financial Canada Corp. · currency: CAD · security: Secured party under same registration file 775891719; collateral description not shown on available registration page
- secured creditorsnote: Related-party/personal guarantees back this facility: Aishka Express 2016 Inc. (corporate guarantee limited to $650,000, executed 2023-08-30) and Puvanenthiran Jeyabalasingam, President/individual (personal guarantee limited to $600,000, executed 2022-10-17). Guarantee figures are liability caps, not balances. · page: 25 · debtor: Aishka Recycling Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security - all consumer goods, inventory, equipment, accounts and other collateral, motor vehicle included (PPSA registration, file 751925655, registered 2019-06-04)
- secured creditorspage: 39 · debtor: Aishka Express 2016 Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized equipment financing - Toyota forklift model 7FGCU15, serial 67169 (secured party "Registry = Recovery Inc.", file 762831405, added 2024-05-08)
- secured creditorspage: 41 · debtor: Aishka Express 2016 Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Master Lease Agreement dated August 1, 2019 - security over inventory and equipment financed by RBC and proceeds (PPSA registration, file 754014933, registered 2019-08-01)
- secured creditorsnote: Components not summed; the $416,970 figure is a registered financing amount for specific reefer equipment, not a confirmed outstanding balance. · page: 72 · debtor: Aishka Express Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized equipment financing across multiple files: RCAP Leasing Inc. - 2023 Venieri S63C wheel loader (serial 28251) and 2023 Skyjack SJ6826 dual-fuel unit (serial A200006550), file 501504399; TPine Leasing Capital Corporation - two 2024 CIMC reefer trailers with Thermoking C-600 units, registered amount $416,970, file 798106041; additional equipment (laptops, LED screens, pallet truck, forklifts, battery packs, camera system) financed under file 793350432, secured party name not shown on available pages (registering agent D+H Limited Partnership)