British Columbia · Receivership (court-appointed)
Notice of Application
Application / notice of application · 30 October 2023
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 filing5 verified
- secured creditorsnote: Principal borrower indebtedness; part of total joint and several indebtedness of $5,541,943.61 owed by all Debtors under guarantees · page: 3 · as of: 2023-10-16 · amount: 3893743.61 · debtor: Algon Holdings Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated November 19, 2021, granted by Algon in favour of RBC
- secured creditorsnote: Principal borrower indebtedness; part of total joint and several indebtedness of $5,541,943.61 owed by all Debtors under guarantees · page: 3 · as of: 2023-10-16 · amount: 1648200 · debtor: Tebo Mill Installations Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated July 20, 2022, granted by Tebo Installations in favour of RBC
- secured creditorsnote: Guarantee limits stated are caps, not balances · page: 3 · debtor: Tebo Mill Construction Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated July 28, 2022, granted by Tebo Construction in favour of RBC; guarantor of Algon's obligations up to $5,000,000 and Tebo Installations' obligations up to $3,600,000
- secured creditorsnote: Guarantee limits stated are caps, not balances · page: 3 · debtor: Fraserview Fabrication and Machining Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated January 21, 2022, granted by Fraserview in favour of RBC; guarantor of Algon's obligations up to $5,000,000 and Tebo Installations' obligations up to $3,600,000
- secured creditorsnote: Guarantee limits stated are caps, not balances · page: 3 · debtor: Ptolemytech Consultants Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated November 19, 2021, granted by Ptolemytech in favour of RBC; guarantor of Algon's obligations up to $5,000,000 and Tebo Installations' obligations up to $3,600,000