Ontario · Receivership (court-appointed)
Application Record, 1000016440 Ontario Inc. dated October 23, 2025.pdf
Application / notice of application · 23 October 2025
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 filing9 verified
- applicantROYAL BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-25-00753527-00CL
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- appointeeGRANT THRONTON LIMITED
- commencement date8 October 2025
- appointee roleReceiver
- secured creditorsnote: Visa Facility terminated by RBC effective May 22, 2025; excludes legal and professional costs; prior demand dated May 21, 2025 stated $9,999.08 · page: 23 · as of: 2025-10-21 · amount: 10365.97 · debtor: 1000016440 Ontario Inc. operating as Louis BonBon and Louis BonBon Café · creditor: Royal Bank of Canada · currency: CAD · security: Visa Facility - RBC Royal Bank Business Credit Card Agreement dated January 2, 2024, credit card account to a maximum of $10,000.00; secured under same Security Agreements as CSBFL Facility
- secured creditorsnote: CSBFL Facility balance (facility limit $482,820.00 originally advanced); excludes legal and professional costs; guaranteed by Daljeet Arora (related party/director/shareholder) limited to $120,705.00 under guarantee dated January 8, 2024 · page: 23 · as of: 2025-10-21 · amount: 553341.16 · debtor: 1000016440 Ontario Inc. operating as Louis BonBon and Louis BonBon Café · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated December 18, 2023 (Bank form 924); Security Agreement (Chattel Mortgage for other than Inventory and Consumer Goods) dated January 8, 2024 (Bank form 927); sole registered PPSA secured creditor over inventory, equipment, accounts, other and motor vehicle (currency to August 27, 2025)