British Columbia · Receivership (court-appointed)
Affidavit #1 D.Danesh
Affidavit · 23 April 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 filing13 verified
- applicantBANK OF MONTREAL
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noVLC-S-H-260475
- secured creditorsnote: Component of total Indebtedness of $8,841,151.59 as at April 16, 2026 · page: 2 · as of: 2026-04-16 · amount: 814622.28 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: Operating Loan payable on demand, authorized amount $900,000 plus $500,000 seasonal bulge Oct 1-Apr 30; part of Mortgages, GSA, GABD, APS Agreement security package
- secured creditorsnote: Component of total Indebtedness of $8,841,151.59 as at April 16, 2026 · page: 2 · as of: 2026-04-16 · amount: 1401131.66 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: Demand Loan 771 payable on demand
- secured creditorsnote: Personal guarantee by shareholder/related party; limit amount, not an outstanding balance · page: 3 · debtor: Starline Foods Inc. · creditor: Gurinder Grewal · currency: CAD · security: Guarantee (Bank's LF 44 form dated Feb 14, 2020), limited to $6,000,000 plus interest and costs
- secured creditorsnote: Personal guarantee by shareholder/director; limit amount, not an outstanding balance · page: 3 · debtor: Starline Foods Inc. · creditor: Joe (shareholder/director) · currency: CAD · security: Guarantee (Bank's LF 44 form dated Feb 14, 2020), limited to $3,750,000 plus interest and costs
- secured creditorsnote: Personal guarantee by shareholder; limit amount, not an outstanding balance · page: 3 · debtor: Starline Foods Inc. · creditor: Surjit Singh Gill · currency: CAD · security: Guarantee (Bank's LF 44 form dated Feb 14, 2020), limited to $2,500,000 plus interest and costs
- secured creditorsnote: Component of total Indebtedness of $8,841,151.59 as at April 16, 2026 · page: 3 · as of: 2026-04-16 · amount: 15892.49 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: MasterCard payable on demand
- secured creditorsnote: Component of total Indebtedness of $8,841,151.59 as at April 16, 2026 · page: 3 · as of: 2026-04-16 · amount: 3614446.43 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: Demand Loan 634 payable on demand
- secured creditorsnote: Component of total Indebtedness of $8,841,151.59 as at April 16, 2026 · page: 3 · as of: 2026-04-16 · amount: 2894982.73 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: Demand Loan 419 payable on demand
- secured creditorsnote: Contingent LC exposure, not a drawn balance; components not summed per reporting rules · page: 3 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: Two Letters of Credit issued in favour of City of Abbotsford, in the amounts of $90,000 and $10,000 respectively
- secured creditorsnote: Total Indebtedness owing by Starline to the Bank as at April 16, 2026 - aggregate of the loans/facilities listed above · page: 3 · as of: 2026-04-16 · amount: 8841151.59 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: Mortgages (registered on Lands, CA4986042 and CA9987670), General Security Agreement (GSA), General Assignment of Book Debts (GABD), Assignment of Purchase and Sale (APS) Agreement