Ontario · Receivership (court-appointed)
Motion Record of the Receiver
Application / notice of application · 10 December 2025
What we verified from this filing11 verified
- applicantROYAL BANK OF CANADA
- appointeeThe Fuller Landau Group Inc.
- appointee roleReceiver
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00743229-00CL
- provinceONTARIO
- secured creditorsnote: Deemed-trust class claim (unpaid HST) for periods ending July 31, 2025, per CRA proof of claim dated November 12, 2025; includes $13,498.43 of penalties and interest. CRA had not yet filed proofs of claim for payroll source deductions, and Revenu Québec's priority claim for New Age Montreal was outstanding as of the First Report. · page: 39 · as of: 2025-11-12 · amount: 182440.24 · debtor: Tile Giant Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Deemed-trust class claim (unpaid HST) for periods ending July 31, 2025, per CRA proof of claim dated November 12, 2025; includes $9,152.56 of penalties and interest. · page: 39 · as of: 2025-11-12 · amount: 305803.17 · debtor: New Age Granite & Marble Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Per Demand Letters dated February 7, 2025, amount owing as of February 4, 2025, exclusive of legal fees, disbursements and accruing interest (Lavecchia Affidavit). First Report (para 22) restates this figure loosely as 'in excess of' CAD $2,167,588 and USD $6,443,800. Also personally guaranteed by directors/guarantors Domenic Fiorenza, Giulio Fiorenza and Zaid Malkani, each in the principal amount of $500,000 CAD (Personal Guarantees dated Sept 18, 2023 per Affidavit / Feb 4, 2025 per First Report) — individual guarantor names noted per role only. · page: 74 · as of: 2025-02-04 · amount: 2167588.13 · debtor: New Age Granite & Marble Ltd. (primary borrower); guaranteed by New Age Granite & Marble (Montreal) Ltd., Tile Giant Ltd. and Tile Giant Burlington Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement (New Age GSA) dated September 17, 2022 covering Inventory/Equipment/Accounts/Other/Motor Vehicle; Corporate Guarantees dated September 17, 2022 (each in principal amount of $12,200,000, a guarantee ceiling not a balance) from New Age Montreal, Tile Giant and Tile Giant Burlington, each collateralized by GSAs dated September 17, 2022; movable hypothec dated October 19, 2022 granted by New Age Montreal, registered in Quebec RDPRM
- secured creditorsnote: USD component of the same RBC indebtedness; per Demand Letters, amount owing as of February 4, 2025, exclusive of legal fees, disbursements and accruing interest. First Report restates loosely as 'in excess of' USD $6,443,800. · page: 74 · as of: 2025-02-04 · amount: 6443800.12 · debtor: New Age Granite & Marble Ltd. (primary borrower); guaranteed by New Age Granite & Marble (Montreal) Ltd., Tile Giant Ltd. and Tile Giant Burlington Inc. · creditor: Royal Bank of Canada · currency: USD · security: General security agreement (New Age GSA) dated September 17, 2022; Corporate Guarantees dated September 17, 2022 (each $12,200,000 principal ceiling) from New Age Montreal, Tile Giant and Tile Giant Burlington, collateralized by GSAs; movable hypothec dated October 19, 2022 (New Age Montreal, Quebec RDPRM)
- secured creditorsnote: Aggregated per PMSI-class convention; individual amounts secured stated on PPSA search results include: Ford Credit Canada Leasing $65,081 (2024 Jeep Grand Cherokee); Canadian Dealer Lease Services Inc./Bank of Nova Scotia-DLAC $39,426.82 (2024 Mazda CX-50); Canadian Dealer Lease Services Inc./Bank of Nova Scotia-DLAC $126,984.78 (2024 Land Rover Range Rover) — registration marked DISCHARGED; Mercedes-Benz Financial Services Canada Corporation $101,507 (2023 Mercedes-Benz EQE350, maturity Dec 15, 2027); Ford Credit Canada Company (2023 Ford F550, amount not stated in available pages); additional named PPSA registrants without stated balances in the record include BMW Canada Inc., VW Credit Canada Inc., Wells Fargo Equipment Finance Company, Coast Capital Equipment Finance Ltd., Daimler Truck Financial Services Canada Corporation, GM Financial Canada Leasing Ltd. (PPSA & RDPRM), Honda Canada Finance Inc., De Lage Landen Financial Services Canada Inc., WS Leasing Ltd., Tesla Motors Canada ulc, Grand Touring Financial Services, and Oak-Land Ford Lincoln Sales Ltd. RBC is the only PPSA registrant against New Age Montreal and Tile Giant Burlington. PPSA/RDPRM search currency was May 7/6, 2025 per the Lavecchia Affidavit (updated to December 8, 2025 per the First Report, post-appointment). · page: 82 · as of: 2025-05-07 · debtor: New Age Granite & Marble Ltd. (30+ PPSA/RDPRM registrations, mostly equipment/vehicle financiers); Tile Giant Ltd. (Daimler Truck Financial Services Canada Corporation registration covering Equipment/Other/Motor Vehicle, in addition to RBC) · creditor: PPSA equipment/vehicle financiers (PMSI class) · currency: CAD · security: Serialized equipment/motor vehicle PMSI registrations under the PPSA (Ontario) and Quebec RDPRM