Ontario · Receivership (court-appointed)
Application Record dated February 6, 2026 (Part 2 of 2)
Application / notice of application · 6 February 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: Deemed trust / Priority Claim ranking in priority to the Bank's Security (per agreement's 'Priority Claims' definition). Arrears stated as two components, not summed in the document: HST $1,016,122.84 and RP (employee source deductions) $2,302.35, both as at May 20, 2025. · page: 21 · as of: 2025-05-20 · debtor: Onyxa Canada Inc. ("Canada") · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Deemed trust / Priority Claim (HST arrears) ranking in priority to the Bank's Security (per agreement's 'Priority Claims' definition). · page: 21 · as of: 2025-05-20 · amount: 1890.38 · debtor: Onyxa Holding Group Inc. ("Holdco") · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Stated as 'Indebtedness owing to the Bank by the Borrowers pursuant to the Credit Facilities' in a forbearance agreement; figure excludes accrued interest, solicitor-and-own-client legal fees and other amounts properly payable, which together with the stated principal form the defined 'Indebtedness'. A personal guarantee from the principal of both Borrowers (the 'Guarantor') also supports the Indebtedness; related Onyxa Holding Group Inc. guarantee for Onyxa Canada Inc.'s obligations is itself secured in part by the Charge over 157 Toryork Drive (per related Acknowledgement). · page: 22 · as of: 2025-06-06 · amount: 9184973.26 · debtor: Borrowers (Onyxa Holding Group Inc. / "Holdco" and Onyxa Canada Inc. / "Canada") · creditor: HSBC Bank Canada · currency: CAD · security: Bank's Security (as defined) - all security currently held by the Bank, including a charge/mortgage over 157 Toryork Drive, Toronto (Holdco Property), together with such additional security as may be granted by the Borrowers or Guarantor