Ontario · Receivership (court-appointed)
Notice of Application dated February 13, 2020.PDF
Application / notice of application · 13 February 2020
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What we verified from this filing10 verified · 3 withheld
- applicantTRANSASIA PRIVATE CAPITAL LIMITED in its capacity as manager for and on behalf of Asian Trade Finance Fund and Asian Trade Finance Fund 2, sub-funds of TA Asian Multi-Finance Fund, and TA PRIVATE CAPITAL SECURITY AGENT LTD.
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-20-00636318-00CL
- provinceONTARIO
- appointeeGRANT THORNTON LIMITED
- commencement date13 February 2020
- appointee roleProposed Receiver of the Respondent
- secured creditorsnote: Facility limit, not outstanding balance; TA Limited granted rights/obligations of Cantrust under declaration of trust dated May 30, 2014 · page: 7 · debtor: Rutmet Inc. · creditor: TA Limited (as manager for Asian Trade Finance Fund, via Cantrust (Far East) Limited as original trustee) · currency: USD · security: First ranking charge on all present and after-acquired personal property; assignment of rights in Sales Contracts (ATFF Receivables); US$9,900,000 loan facility limit (ATFF Facility Agreement, June 28, 2017)
- secured creditorsnote: Facility limit, not outstanding balance; secured also by Corporate Guarantor (UD Trading Group Holding Pte Ltd) and a personal guarantor guarantee · page: 8 · debtor: Rutmet Inc. · creditor: TA Limited (as manager for Asian Trade Finance Fund 2) / TA Private Capital Security Agent Ltd. (security agent) · currency: USD · security: Assignment of UIL Receivables under Sales Contracts (ATFF2 Assignments); Ontario-governed general security agreement and security deed executed as condition of Forbearance Agreement (November 22, 2019); Power of Attorney over EDC Policy rights; US$60,000,000 credit facility limit (ATFF2 Facility Agreement, May 25, 2019)
- counselCassels Brock & Blackwell LLP
3 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.