Manitoba · Receivership (court-appointed)
Notice of Application dated March 26, 2025
Application / notice of application · 26 March 2025
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What we verified from this filing9 verified
- applicantTHE BANK OF NOVA SCOTIA and ROYNAT INC.
- courtTHE KING’S BENCH
- court file noCI 25-01-
- statutory basissection 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 55 of the Court of King’s Bench Act, C.C.S.M. c. C280
- appointeeGrant Thornton Limited
- appointee rolereceiver and manager
- secured creditorsnote: SVL Debenture and Dexron Debenture are limited/principal amounts ($25,000,000 each), not balances; plus legal fees, costs and expenses; interest continues to accrue · page: 9 · as of: 2025-03-14 · amount: 4436333.08 · debtor: Rondex, Oasis, SVL, Dexron (Roynat Borrowers), guaranteed by Canada Car, Can-West, Global, Everbret, TG Holdings · creditor: Roynat Inc. · currency: CAD · security: Unlimited Debentures (Rondex, Oasis) over all present/after-acquired property; limited Debentures $25,000,000 principal each (SVL, Dexron) over all present/after-acquired property; General Assignment of Rents and Leases (Dexron Lands); unlimited continuing Guarantees and Indemnities from Rondex, Oasis, SVL, Dexron; unlimited continuing Guarantees and Indemnities from Canada Car, Can-West, Global, Everbret, TG Holdings; General Security Agreements from Canada Car, Can-West, Global, Everbret, TG Holdings
- secured creditorsnote: Plus CAD portion above; plus legal fees, costs and expenses; interest continues to accrue · page: 9 · as of: 2025-03-14 · amount: 208686.09 · debtor: Rondex, Canada Car, Can-West, Global, Oasis, SVL, Dexron, Everbret (BNS Borrowers), guaranteed by T.E.D. Group Holdings Ltd. · creditor: The Bank of Nova Scotia (BNS) · currency: USD · security: General Security Agreements from each BNS Borrower; unlimited continuing guarantee from each BNS Borrower; unlimited continuing guarantee from T.E.D. Group Holdings Ltd.
- secured creditorsnote: Plus USD portion below; plus legal fees, costs and expenses; interest continues to accrue · page: 9 · as of: 2025-03-14 · amount: 5961896.95 · debtor: Rondex, Canada Car, Can-West, Global, Oasis, SVL, Dexron, Everbret (BNS Borrowers), guaranteed by T.E.D. Group Holdings Ltd. · creditor: The Bank of Nova Scotia (BNS) · currency: CAD · security: General Security Agreements from each BNS Borrower; unlimited continuing guarantee from each BNS Borrower; unlimited continuing guarantee from T.E.D. Group Holdings Ltd.