Ontario · Receivership (court-appointed)
Application Record of the Applicant - Part 2, dated November 14, 2025
Application / notice of application · 14 November 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 filing5 verified
- secured creditorsnote: Registered principal/mortgage ceiling, not a stated outstanding balance; forms part of common security package for both the I-Way Transport Inc. Credit Agreement (Loans 530308/530309/530310) and the 2806329 Ontario Inc. Credit Agreement (Loan 530317) · page: 19 · debtor: 2806329 Ontario Inc. (mortgagor/Guarantor); secures obligations of I-Way Transport Inc. and 2806329 Ontario Inc. · creditor: Canadian Western Bank · currency: CAD · security: Demand Collateral Mortgage with Assignment of Rents, registered principal amount $23,000,000.00, first fixed charge over 51 Worcester Road, Etobicoke, Ontario (PT LT 24, CON 4 FRONTING THE HUMBER, AS IN TB737467)
- secured creditorsnote: Registered principal/mortgage ceiling, not a stated outstanding balance; common security for both related Credit Agreements · page: 19 · debtor: 2863697 Ontario Inc. (mortgagor/Guarantor) · creditor: Canadian Western Bank · currency: CAD · security: Demand Collateral Mortgage with Assignment of Rents, registered principal amount $2,600,000.00, first fixed charge over property owned by 2863697 Ontario Inc. (Plan 9410747, Lot 1)
- secured creditorsnote: Registered principal/mortgage ceiling, not a stated outstanding balance; common security for both related Credit Agreements · page: 19 · debtor: 10872911 Canada Inc. (mortgagor/Guarantor) · creditor: Canadian Western Bank · currency: CAD · security: Demand Collateral Mortgage with Assignment of Rents, registered principal amount $3,650,000.00, first fixed charge over 70 Nicolas Avenue, Winnipeg, Manitoba
- secured creditorsnote: Registered principal/mortgage ceiling, not a stated outstanding balance; common security for both related Credit Agreements · page: 19 · debtor: 14366085 Canada Inc. (mortgagor/Guarantor) · creditor: Canadian Western Bank · currency: CAD · security: Demand Collateral Mortgage with Assignment of Rents, registered principal amount $9,450,000.00, first fixed charge over property owned by 14366085 Canada Inc. (Meridian 4 Range 29 Township 23, Section 15)
- secured creditorsnote: Amount not stated (blanket registrant). Also secured by Full Liability Guarantees from each Corporate Guarantor and an Individual Guarantor (Balwant Samra, President) guaranteeing all indebtedness; related-party guarantors. Facility limits referenced: Operating Line of Credit $8,000,000.00, Corporate Credit Card $100,000.00, Non-Revolving Master Line of Credit $3,000,000.00 (I-Way Transport Inc.), and a separate Demand Collateral Mortgage facility up to $17,250,000.00 (2806329 Ontario Inc.) — these are facility limits/registration ceilings, not outstanding balances. · page: 20 · debtor: I-Way Transport Inc. (Borrower) and Corporate Guarantors: Wings Freightway Inc., I-Way Logistics Inc., 2806329 Ontario Inc., 10872911 Canada Inc., 14366085 Canada Inc., 2863697 Ontario Inc. · creditor: Canadian Western Bank · currency: CAD · security: General Security Agreement providing a first security interest in all present and after-acquired property of the Borrower and Corporate Guarantors (blanket all-property registration)