Ontario · Receivership (court-appointed)
Application Record of the Applicant dated April 28, 2026
Application / notice of application · 28 April 2026
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- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26-00003111-0000
- provinceONTARIO
- commencement date21 April 2026
- proceeding typereceivership_court
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, RSC 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43
- secured creditorsnote: Comprises Demand Facility $1,894,161.14, Credit Card Facility $57,837.75, and Lease Facility $213,104.87, each stated as at April 2, 2026 (components sum to stated total). Earlier dated balances for same Indebtedness: $2,583,931.11 as at July 21, 2025 (demand letters/NOI, plus Visa contingency fee $55,000 and discharge fee $1,000 not included in that total); $2,356,199.54 as at November 5, 2025 (Addendum to Forbearance Agreement Schedule A, including $8,307.21 billed legal fees). Debtor also defaulted; Paramjit Singh Bhullar is guarantor only, not a separate secured creditor. · page: 55 · as of: 2026-04-02 · amount: 2165103.76 · debtor: 1369014 Ontario Ltd. · creditor: The Toronto-Dominion Bank · currency: CAD · security: General Security Agreement (GSA) dated January 2, 2024 over all present and after-acquired personal property; Master Lease Agreement dated February 1, 2024 and leasing schedules (title to remaining leased 2024 Freightliner Cascadia, VIN 3AKJHHDRXRSVE7298, held by Bank); perfected PPSA financing statement registered against Debtor; also holds unlimited Guarantee from Paramjit Singh Bhullar dated January 2, 2024 (related-party/personal guarantor, director/principal of Debtor)
- secured creditorsnote: Delivered a Notice of Intention to Enforce Security under s.244(1) BIA against the Debtor dated March 18, 2025 (received by the Bank), confirming secured creditor status; amount of BVD's secured claim not stated in the pages provided (see Exhibit "J" - BVD Demand, not included). · page: 59 · as of: NOI to enforce security dated March 18, 2025 · debtor: 1369014 Ontario Ltd. · creditor: BVD Petroleum Inc. · currency: CAD