Ontario · Receivership (court-appointed)
Application Record of the Applicant dated March 24, 2025 (3)
Application / notice of application · 24 March 2025
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 filing6 verified
- secured creditorsnote: Aggregates Ontario PPSA equipment-financing registrations disclosed in enquiry response (search conducted 2025-03-16/17): Dynamic Capital Equipment Finance Inc./Dynamic Capital II Corporation (partially assigned to Mitsubishi HC Capital Canada Leasing, Inc. in Jan/Mar 2025); Pivotal Capital Equipment Finance Corp./Pivotal Capital Corp (assigned to Coast Capital Equipment Leasing Ltd. in Aug 2024); Meridian OneCap Credit Corp. No dollar amounts recorded on any of the financing statements. · page: 2 · as of: 2025-03-16 · debtor: North Load Haulers Ltd. (also registered against North King Trucking Inc./SHR Carrier Inc. and Shamsher Singh as co-debtors) · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PMSI registrations against serialized motor vehicles/trailers/reefer units: 2022 CIMC trailer w/ Thermo King reefer (VIN 2SHSR5320NS000025); 2015 Vanguard trailer w/ reefer & 2017 Volvo VVN truck tractor; 2023 Vanguard VXP reefer trailer w/ Thermo King C-600; 2023 Vanguard & 2020 Hyundai trailers w/ Thermo-King reefer units
- secured creditorsnote: Formal demand amount (letter dated Nov 29, 2024) reflects SHR's own facility balances plus guaranteed Fleet obligations (guarantee capped at $550,000) and guaranteed North obligations (guarantee capped at $1,250,000); underlying facility balance table across SHR/Fleet/North totals $2,510,050.09 as of Nov 21, 2024 · page: 77 · as of: 2024-11-21 · amount: 2405340.59 · debtor: SHR Carrier Inc. (formerly North King Trucking Inc.) · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated December 4, 2021 granted by SHR Carrier Inc. in favour of RBC, granting a security interest in all of SHR Carrier Inc.'s property, assets and undertakings
- secured creditorsnote: Formal demand amount (letter dated Nov 29, 2024) equals stated total of Rite Credit Agreement facilities plus guaranteed Fleet/SHR/North facility balances · page: 82 · as of: 2024-11-21 · amount: 2538921.32 · debtor: Rite Choice Truck Sales Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated December 4, 2021 granted by Rite Choice Truck Sales Inc. in favour of RBC, granting a security interest in all of the Debtor's property, assets and undertakings
- secured creditorsnote: Formal demand amount (letter dated Nov 29, 2024) equals stated total of North Credit Agreement facilities plus guaranteed Fleet and SHR facility balances · page: 87 · as of: 2024-11-21 · amount: 2510050.09 · debtor: North Load Haulers Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated November 21, 2022 granted by North Load Haulers Ltd. in favour of RBC, granting a security interest in all of the Debtor's property, assets and undertakings
- secured creditorsnote: Formal demand amount (letter dated Nov 29, 2024) equals stated total of Fleet Credit Agreement facilities plus guaranteed SHR and North facility balances · page: 92 · as of: 2024-11-21 · amount: 2510050.09 · debtor: Fleet Fix Truck Centre Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated December 4, 2021 granted by Fleet Fix Truck Centre Inc. in favour of RBC, granting a security interest in all of the Debtor's property, assets and undertakings
- secured creditorsnote: $6,950,000.00 is the registered principal amount of the mortgage, not an outstanding balance. Formal demand amount ($2,510,050.09, letter dated Nov 29, 2024) reflects amounts demanded under 284's guarantees of Fleet/SHR/North Credit Facilities · page: 97 · as of: 2024-11-21 · amount: 2510050.09 · debtor: 2848644 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: (i) General security agreement dated December 4, 2021 granted by 2848644 Ontario Inc. in favour of RBC over all property, assets and undertakings; (ii) charge/mortgage granted by 2848644 Ontario Inc. in favour of RBC in the registered principal amount of $6,950,000.00 on title to 366 Watline Avenue, Mississauga, Ontario