Ontario · Receivership (court-appointed)
Application Record (returnable June 26, 2026)
Application / notice of application · 26 June 2026
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What we verified from this filing13 verified
- applicantCAISSE DESJARDINS ONTARIO CREDIT UNION INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26-00001912-0000
- provinceONTARIO
- statutory basisSection 243(1) of the Bankruptcy and Insolvency Act and Section 101 of the Courts of Justice Act
- appointeeALBERT GELMAN INC.
- appointee roleProposed Receiver
- secured creditorsnote: Tesla Motors Canada ULC and Nissan Canada Inc. are named as secured creditors on the Service List, consistent with serialized-equipment/vehicle PMSI financiers; aggregated per convention as no individual amounts or security details are stated on the pages provided · page: 3 · debtor: 3S International Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Likely purchase-money security interests over vehicles/equipment (Tesla Motors Canada ULC; Nissan Canada Inc.)
- secured creditorsnote: Named as a secured creditor on the Application Record's Service List; no amount, security type, or registration details stated on the pages provided · page: 3 · debtor: 3S International Inc. · creditor: Royal Bank of Canada · currency: CAD
- secured creditorsnote: Named as a secured creditor on the Application Record's Service List; no amount, security type, or registration details stated on the pages provided · page: 3 · debtor: 3S International Inc. · creditor: The Toronto-Dominion Bank · currency: CAD
- commencement date25 June 2026
- unsecured creditorsnote: Deemed trust class; no specific amount of arrears stated in the document · page: 19 · basis: Affidavit states 3S is in arrears of its payroll obligations to the Canada Revenue Agency, giving rise to a risk of deemed trust claims under the Income Tax Act and Excise Tax Act · debtor: 3S International Inc. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Aggregate indebtedness ('the Indebtedness') stated as of April 7, 2026, excluding professional fees, disbursements and HST, and stated to be accruing; Demand Letter and BIA s.244 Notice issued April 9, 2026 with repayment deadline April 20, 2026; YYZ and Kunju are guarantors (personal guarantee by Kunju, corporate guarantee by YYZ), not separately listed as creditors · page: 20 · as of: 2026-04-07 · amount: 4044329.33 · debtor: 3S International Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: General Security Agreement dated August 23, 2024 granting first-ranking security interest in all present and after-acquired personal property of 3S International Inc., registered under Ontario PPSA File No. 508547196, Registration No. 20240826 1440 1590 5797; security secures two Variable Credit Agreements dated July 17, 2024 (principal amounts $4,000,000.00 and $1,000,000.00, renewed October 10, 2025) which are cross-collateralized and cross-defaulted per Acknowledgment re: Cross-Default dated August 23, 2024; also secured by General Guarantee and Postponement of Claim from YYZ Lighting Inc. (limited to $5,000,000.00) and from Sajeeb Koya Kunju (limited to $1,250,000.00), and a guarantee from Export Development Canada with assignment of insurance