Ontario · Receivership (court-appointed)
Aide-Memoire of the Applicant dated January 6, 2026
Application / notice of application · 6 January 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 filing11 verified · 2 withheld
- appointeemsi Spergel inc
- appointee rolereceiver
- applicantRoyal Bank of Canada
- courtSUPERIOR COURT OF JUSTICE
- proceeding typereceivership_court
- provinceONTARIO
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, RSC 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43
- secured creditorsnote: Amount relates to unauthorized overdraft on Debtor's US dollar account, secured by same GSA as the Financing · page: 10 · as of: 2025-11-25 · amount: 277959.66 · debtor: F.A. International Inc. · creditor: Royal Bank of Canada · currency: USD · security: General Security Agreement dated October 4, 2023
- secured creditorsnote: Amount relates to unauthorized overdraft on Debtor's Canadian dollar account, secured by same GSA as the Financing · page: 10 · as of: 2025-11-25 · amount: 204281.67 · debtor: F.A. International Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated October 4, 2023
- secured creditorsnote: Amount is outstanding balance of the Financing as of Nov 25, 2025, per Notice of Application; Revolving Demand Facility and Credit Card Facility figures are facility limits, not balances. Guarantee and Postponement of Claim from Adeel Aslam dated Oct 4, 2023, limited to $1,800,000.00, secures this indebtedness (personal guarantor). · page: 10 · as of: 2025-11-25 · amount: 1820013.08 · debtor: F.A. International Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated October 4, 2023 ("GSA"); PPSA financing statement registered against Debtor's personal property. Financing consisted of Revolving Demand Facility (limit $1,750,000.00) and Credit Card Facility (limit up to $50,000.00) under Letter Agreement dated October 3, 2023, as amended March 12, 2024 and July 15, 2024
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.