Ontario · Receivership (court-appointed)
Motion Record
Application / notice of application · 20 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 filing15 verified
- applicantRoyal Bank of Canada
- courtSUPERIOR COURT OF JUSTICE
- court file noCL-25-753582-0000
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990
- appointeeThe Fuller Landau Group Inc.
- appointee roleReceiver
- secured creditorsnote: Named as PPSA Creditor on service list; amount not stated · page: 4 · debtor: 2309136 Ontario Inc. / 2738400 Ontario Inc. · creditor: Northpoint Commercial Finance Inc. · currency: CAD · security: PPSA registration
- secured creditorsnote: Aggregated per rule 5: includes Daimler Truck Financial Services Canada Corporation, Mitsubishi HC Capital Canada Leasing Inc., Bodkin (a division of Bennington Financial Corp.), CWB National Leasing Inc., TD Equipment Finance Canada (a division of The Toronto-Dominion Bank), and Wells Fargo Equipment Finance Company, all listed as PPSA Creditors on the service list; amounts not stated · page: 5 · debtor: 2309136 Ontario Inc. / 2738400 Ontario Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA registrations against serialized equipment
- secured creditorsnote: Listed as 'Land Registrant' on service list; amount not stated · page: 5 · debtor: 2309136 Ontario Inc. / 2738400 Ontario Inc. · creditor: 1000428884 Ontario Inc. · currency: CAD · security: Land registration
- unsecured creditorsnote: preferred - Wage Earner Protection Program Act priority portion · page: 13 · as of: as reported in Affidavit of Jaswinder Soni · basis: Debtor Companies' identification of priority payables · amount: 7710 · debtor: 2309136 Ontario Inc. · creditor: WEPPA priority claims (eligible employees) · currency: CAD
- unsecured creditorsnote: preferred/priority payable - property taxes · page: 13 · as of: property tax statement · basis: Debtor Companies' identification of priority payables as reported in Notice of Motion / Affidavit of Jaswinder Soni · amount: 130944.99 · debtor: 2738400 Ontario Inc. · creditor: Town of Halton Hills · currency: CAD
- unsecured creditorsnote: preferred - repair and storage lien claim · page: 25 · as of: as reported in Receiver's Second Report · basis: Repair and Storage Lien Claim reported by Receiver's Second Report, cited in Affidavit of Jaswinder Soni · amount: 2231.96 · debtor: 2309136 Ontario Inc. · creditor: Action Trailer Sales Inc. · currency: CAD
- unsecured creditorsnote: deemed trust / preferred priority payable; letter itself states $0.00 of the referenced HST arrears totals represents Crown property held in trust · page: 25 · as of: 2026-03-13 · basis: CRA letter dated March 13, 2026 indicating a trust claim, as reported in Affidavit of Jaswinder Soni · amount: 124.95 · debtor: 2738400 Ontario Inc. · creditor: Canada Revenue Agency (HST trust claim) · currency: CAD
- secured creditorsnote: Part of same assigned indebtedness; USD VISA outstanding plus accrued interest to July 16, 2026 · page: 84 · as of: 2026-07-16 · amount: 12322.44 · debtor: 2309136 Ontario Inc., 2738400 Ontario Inc., 2780679 Ontario Ltd., 2831004 Ontario Ltd. · creditor: 1001557980 Ontario Inc. (assignee of Royal Bank of Canada) · currency: USD · security: USD VISA facility under Indo-Canadian Credit Agreement, secured under same General Security Agreements/Specific Charges as CAD debt
- secured creditorsnote: Assigned from RBC by Assignment of Debt and Security Agreement dated April 6, 2026 (Purchase Price $10,186,157.46 CAD + $11,771.98 USD paid by Assignee to RBC); statement of indebtedness itemizes multiple term loans, operating facility and CDN VISA plus legal fees and accrued interest; not disputed by Debtor Companies · page: 84 · as of: 2026-07-16 · amount: 10445828.07 · debtor: 2309136 Ontario Inc., 2738400 Ontario Inc., 2780679 Ontario Ltd., 2831004 Ontario Ltd. · creditor: 1001557980 Ontario Inc. (assignee of Royal Bank of Canada) · currency: CAD · security: General Security Agreements from all four Borrowers (2021/2022); Specific Charges: 273 Charge $9,100,000 registered principal on 16622 Steeles Avenue, Halton Hills; 278 Charge $2,190,000 registered principal on 21180 Victoria Road, Ridgetown; 283 Charge $5,000,000 registered principal on 21198 Victoria Road, Ridgetown; PPSA registrations; cross-guarantees among Borrowers