Ontario · Receivership (court-appointed)
Receiver’s Verified Petition
Application / notice of application · 21 July 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 filing12 verified
- appointeeThe Fuller Landau Group Inc.
- courtOntario Superior Court of Justice (Commercial List)
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) and section 101 of the Courts of Justice Act
- applicantRoyal Bank of Canada
- appointee roleReceiver without security
- commencement date1 May 2026
- secured creditorsnote: Referenced only as 'another secured creditor of 285' who received proceeds from liquidation of 285's real property prior to the Canadian Receivership; no name or amount given · page: 7 · debtor: 2854233 Ontario Inc. (285) · creditor: Unnamed secured creditor of 285 · currency: CAD
- secured creditorsnote: Facility limits, not outstanding balances; RBC made formal written demand on March 6, 2026 · page: 8 · as of: March 6, 2026 (formal written demand) · debtor: 2696942 Ontario Inc. (269) · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: $42,000,000 non-revolving term facility, $2,682,000 non-revolving term facility, and $15,000 credit card facility (CAD/USD) under the amended and restated 269 Credit Agreement dated September 9, 2024
- secured creditorsnote: Facility limits, not outstanding balances; RBC made formal written demand on March 6, 2026 for amounts owed under the Credit Agreements; secured lender that commenced the Canadian Receivership · page: 8 · as of: March 6, 2026 (formal written demand) · debtor: Lion Force Transport Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: CAD 6,000,000 revolving demand facility, CAD 1,500,000 revolving lease line of credit, and $125,000 credit card facility (CAD/USD) under the Lion Force Credit Agreement dated March 11, 2024
- secured creditorsnote: Cross-guarantees by 285 of Borrowers' obligations to RBC; guarantee caps, not balances; proceeds from prior sale of 285's real property were paid to RBC and to another secured creditor of 285 (unnamed) · page: 8 · debtor: 2854233 Ontario Inc. (285) · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Guarantee and postponement of claim limited to CAD 7,625,000 plus interest (re Lion Force obligations, dated April 11, 2024); guarantee and postponement of claim limited to CAD 55,864,000 plus interest (re 269 obligations, dated April 11, 2024)
- secured creditorsnote: Personal guarantees given by Honey Hundal, Sukjiwan Singh Kaijla, and Maninder Singh Nijjar, the Debtors' directors and officers (personal guarantors, not companies); guarantee cap, not a balance · page: 9 · debtor: Lion Force Transport Inc. and affiliated Debtors · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Joint and several personal guarantee and postponement of claim limited to $7,625,000 plus interest, dated April 11, 2024
- secured creditorsnote: Cross-guarantees; guarantee caps, not balances · page: 9 · debtor: 2696942 Ontario Inc. (269) / Lion Force Transport Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Guarantee and postponement of claim limited to CAD 7,625,000 plus interest, granted by 269 re Lion Force obligations (dated April 11, 2024); guarantee and postponement of claim limited to CAD 55,864,000 plus interest, granted by Lion Force re 269 obligations (dated April 11, 2024)