Ontario · Receivership (court-appointed)
Aide Memoire of the Receiver (April 23, 2026)
Court officer report · 23 April 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- secured creditorsnote: Amount is a floor: the endorsement states the Debtors 'owe in excess of $10.5 million' / 'over $10.5 million' to the Bank (combined across both entities/facilities; no per-facility balance breakdown given). The 465 Ontario Facility advance was $9.2 million to purchase the Real Property (original advance, not outstanding balance). · page: 8 · as of: February 18, 2026 (hearing date) · amount: 10500000 · debtor: Cheema Carriers Corp. and 1000083465 Ontario Inc. · creditor: Bank of Montreal · currency: CAD · security: Four credit facilities (the 'Indebtedness'): three 'Cheema Facilities' advanced to Cheema Carriers Corp. secured by a security agreement dated January 31, 2022; one '465 Ontario Facility' advanced to 1000083465 Ontario Inc., mortgage-backed, secured by a general security agreement dated January 27, 2022 and a $10,050,000 charge registered against the Real Property (860 Progress Court, Oakville) on February 1, 2022 (registered principal, not a stated balance). The Debtors have guaranteed each other's obligations.
- secured creditorsnote: Counsel for these parties attended the February 18, 2026 hearing to observe but took no position on the relief sought. · page: 8 · debtor: Cheema Carriers Corp. and/or 1000083465 Ontario Inc. · creditor: PPSA equipment financiers (PMSI class) - PNC Equipment Finance and Daimler Truck Financial Services Canada Corporation · currency: CAD · security: PPSA registrations; served with the receivership application in May 2025; no amount or specific collateral stated.