Ontario · Receivership (court-appointed)
Application Record - Bank of Montreal - 14-AUG-2025 (Harleen Fuels)
Application / notice of application · 14 August 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 filing7 verified · 1 withheld
- applicantBank of Montreal
- commencement date13 August 2025
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00015586-0000
- secured creditorsnote: Breakdown: Real Estate Loan $2,112,262.92 (principal $2,052,134.93 + interest $60,127.99, excludes early payment penalty of $40,786.18 as of Aug 12, 2025); Overdraft Facility/MasterCard $96,831.85 (principal $94,513.74 + interest $2,318.11). A separate demand/payout figure of $2,233,736.21 as of July 8, 2025 is stated in the Enforcement Notice and demand letter (includes early payment charge of $40,786.18). Personal guarantees provided by principals Kashyap Sangani and Rupal Sangani (Kashyap Sangani). · page: 15 · as of: 2025-08-12 · amount: 2209094.77 · debtor: Harleen Fuels Corporation · creditor: Bank of Montreal · currency: CAD · security: General Security Agreement dated November 24, 2023 over all present and after-acquired personal property; Charge on Real Property registered November 30, 2023 as instrument SN787219 (principal $2,228,750.00); Assignment of Rents registered November 30, 2023 as instrument SN787220
- secured creditorsnote: Of the $19,074.50 total unpaid, $11,751.77 was in arrears as of the tax certificate date; municipal tax claims rank as government priority claims ahead of the Bank's security per para 21 of the affidavit. · page: 18 · as of: 2025-06-06 · amount: 19074.5 · debtor: Harleen Fuels Corporation · creditor: The Corporation of the City of Welland (unpaid property taxes) · currency: CAD · security: Statutory lien for unpaid municipal property taxes on Real Property (446 East Main Street, Welland)
- secured creditorsnote: Stated in Demand for Payment and Notice of Intention to Enforce Security (s.244 BIA) dated July 9, 2025. Breakdown per Schedule B: Loan No. 175 principal $94,513.74 + interest $1,710.50; Loan No. 014 principal $2,052,134.93 + interest $44,590.86 + early payment charge $40,786.18. This is the exact dated demand balance, superseding the later prose approximation of $2,209,094.77 as of August 12, 2025 stated in the Notice of Application/Affidavit. · page: 121 · as of: 2025-07-08 · amount: 2233736.21 · debtor: Harleen Fuels Corporation · creditor: Bank of Montreal · currency: CAD · security: General Security Agreement dated November 24, 2023; Charge registered as instrument SN787219 (principal $2,228,750.00); Assignment of Rents registered as instrument SN787220
1 extracted value is 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.