Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 19 June 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 filing12 verified
- applicantROYAL BANK OF CANADA
- commencement date19 June 2026
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST – EAST REGION)
- court file noCV-26-00104562-0000
- statutory basiss. 101 of the Courts of Justice Act, R.S.O. 1990, c.C-43 and s. 243 (1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3
- secured creditorsnote: PPSA search May 21, 2026 confirms prior registration by BDC; subordinated/postponed to Bank's security under priority agreement. · page: 35 · debtor: 6834973 Canada Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Prior PPSA registration; postponed to RBC pursuant to priority agreement dated March 12, 2025
- secured creditorsnote: PPSA search May 21, 2026 confirms prior registration by BDC; subordinated/postponed to Bank's security under priority agreement. · page: 36 · debtor: 1618235 Ontario Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Prior PPSA registration; postponed to RBC pursuant to priority agreement dated March 12, 2025
- unsecured creditorsnote: Exclusive of further interest since registration. · page: 40 · as of: 2024-07-30 · basis: Writ of execution registered with Ottawa Execution Office · amount: 176688.07 · debtor: 6834973 Canada Inc. · creditor: Coco Tile Flooring Contractor Inc. · currency: CAD
- secured creditorsnote: Aggregate of 683 Credit Facilities: overdraft $42,533.56, credit card $51,781.50, line of credit $100,472.74, demand loan $578,297.35. Prose approximation also stated: as of May 20, 2026 aggregate indebtedness (683 Inc. and 161 Inc. combined) totals $2,545,253.96; as of April 12, 2026, 683 Inc.'s aggregate indebtedness totaled $768,752.13 (exclusive of accrued interest/fees). · page: 42 · as of: 2026-05-20 · amount: 773085.15 · debtor: 6834973 Canada Inc. · creditor: Royal Bank of Canada · currency: CAD · security: 683 GSA (general security agreement over 683 Inc.'s assets dated March 3, 2025); guarantees from 1618235 Ontario Inc. and Noel Perera limited to $850,000.00 each
- secured creditorsnote: Aggregate of 161 Credit Facilities: demand loan 001 $1,178,119.73, demand loan 002 $594,049.08. Prose approximation also stated: as of April 12, 2026, 161 Inc.'s aggregate indebtedness totaled $1,763,391.00 (exclusive of accrued interest/fees). · page: 42 · as of: 2026-05-20 · amount: 1772168.81 · debtor: 1618235 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: 161 GSA (general security agreement dated March 3, 2025); first-ranking Unit 4 Mortgage, principal $1,180,000.00, registered March 17, 2025; first-ranking Unit 3 Mortgage, principal $595,000.00, registered March 17, 2025; guarantees from 6834973 Canada Inc. and Noel Perera limited to $1,775,000.00 each
- unsecured creditorsnote: Priority payable; ranks ahead of Bank's mortgage security per applicant. · page: 43 · as of: 2026-03-26 · basis: Municipal tax statements re Unit 3 and Unit 4 · amount: 16292.84 · debtor: 1618235 Ontario Inc. · creditor: City of Ottawa (municipal taxes) · currency: CAD
- unsecured creditorsnote: Deemed trust class (unremitted HST); ranks in priority to Bank's security per applicant. · page: 43 · as of: 2026-03-31 · basis: Debtor-reported HST arrears confirmed via limited financial reporting provided to the Bank and CRA website screenshot · amount: 726366.19 · debtor: 6834973 Canada Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD