Ontario · Receivership (court-appointed)
Application Record of the Applicant dated March 24, 2025 (2)
Application / notice of application · 24 March 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
- commencement date24 March 2025
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00001488-0000
- provinceONTARIO
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- secured creditorsnote: No outstanding balance stated in this excerpt; document is the security agreement itself, executed December 4, 2021 · page: 4 · debtor: Rite Choice Truck Sales Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement (Form 924) - security interest in all present and after-acquired personal property including inventory, equipment, accounts/book debts, intangibles, chattel paper, documents of title, and intellectual property
- secured creditorsnote: No outstanding balance stated in this excerpt; document is the security agreement itself · page: 9 · debtor: North Load Haulers Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement (Form 924) - security interest in all present and after-acquired personal property including inventory, equipment, accounts/book debts, intangibles, chattel paper, documents of title, and intellectual property
- secured creditorsnote: Figure is the registered charge/mortgage principal (ceiling), not a stated outstanding balance · page: 42 · debtor: 2848644 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Charge/Mortgage registered as PR3960185 on 2021-12-09 against PIN 13287-0029 (366 Watline Avenue, Mississauga) - registered principal $6,950,000.00 CAD, balance due date ON DEMAND, interest at RBC Prime Rate plus 5% per annum, calculated monthly; also secured by General Assignment of Rents (registered as PR3960258 on 2021-12-10) over same property as additional/collateral security