Ontario · Receivership (court-appointed)
Application Record (for motion returnable July 24, 2026)
Application / notice of application · 24 July 2026
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What we verified from this filing5 verified
- secured creditorsnote: Also secured by unlimited personal Guarantee from Imran Ali Ahmed dated May 8, 2023 (director/guarantor, related party - see note re: personal guarantee, individual not listed as a separate creditor) · page: 11 · as of: 2026-02-25 · amount: 592255.94 · debtor: Diamond International Realty Inc. (DIRI) · creditor: The Toronto-Dominion Bank · currency: CAD · security: General Security Agreement (DIRI GSA) dated May 8, 2023; First-position Charge/Mortgage of Land, principal sum $600,000.00, instrument no. ER1524427 registered May 11, 2023, over 316 William Street, London, Ontario (first charge), governed by Standard Charge Terms No. 8520; comprised of Term Facility $565,451.33 and Credit Card Facility $26,804.61 as at Feb 25, 2026
- secured creditorsnote: Also secured by unlimited personal Guarantee from Imran Ali Ahmed dated November 1, 2024 (director/guarantor, related party) · page: 11 · as of: 2026-01-27 · amount: 263482.37 · debtor: Diamond Luxury Developments Corp. (DLDC) · creditor: The Toronto-Dominion Bank · currency: CAD · security: General Security Agreement (DLDC GSA) dated November 1, 2024; comprised of Operating Facility $211,552.71 and Credit Card Facility $51,929.66 as at Jan 27, 2026
- secured creditorsnote: HASCAP government-backed loan; original facility amount was $770,000.00 per HASCAP Credit Agreement dated June 7, 2021 (not the outstanding balance) · page: 12 · as of: 2026-01-27 · amount: 514681.28 · debtor: Diamond Luxury Developments Corp. (DLDC) · creditor: The Toronto-Dominion Bank (HASCAP Financing) · currency: CAD · security: Security Agreement from DLDC dated June 7, 2021 (all present and after-acquired personal property/undertakings, 'Assets and Undertakings'), securing HASCAP Term Facility, original loan amount $770,000.00
- secured creditorsnote: Deemed trust class - unpaid employee source deductions; CRA arrears cited as a ground of default · page: 13 · as of: 2025-11-19 · amount: 52332.95 · debtor: Diamond Luxury Developments Corp. (DLDC) · creditor: Canada Revenue Agency · currency: CAD · security: Requirement to Pay delivered to the Bank
- secured creditorsnote: Cited as a ground of default (failure to keep realty taxes current); document does not characterize priority relative to the Mortgage · page: 13 · as of: 2026-01-13 · amount: 16685.66 · debtor: Diamond International Realty Inc. (DIRI) · creditor: City of London · currency: CAD · security: Statutory municipal realty tax arrears on the Real Property (316 William Street, London, Ontario)