Ontario · Receivership (court-appointed)
Motion Record - dated November 6, 2025
Application / notice of application · 6 November 2025
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What we verified from this filing7 verified
- unsecured creditorsnote: Identified as 'super priority' claims under sections 81.4(1) and 81.4(4) of the BIA, ranking ahead of the Receiver's Charge and ordinary unsecured/secured claims. · page: 9 · as of: Service Canada Statement of Account · basis: Service Canada Statement of Account (Appendix C) and Receiver's Report; to be paid to the Government of Canada under the Wage Earner Protection Program (WEPP) · amount: 4000 · debtor: Giant Containers Inc. · creditor: Former employees of Giant Containers Inc. (unpaid vacation, termination and severance pay) · currency: CAD
- secured creditorsnote: HSBC amalgamated with RBC on March 29, 2024; RBC identified as 'the current secured lender to the Debtors' and as the secured creditor throughout the receivership. No specific outstanding balance disclosed in these pages. Receiver's Report states it is expected there will be no funds available for distribution to RBC as secured creditor after payment of priority claims and professional fees. Losses under the Credit Facilities are guaranteed to RBC by Export Development Canada (EDC), but EDC is not itself a creditor of the Debtors. · page: 24 · debtor: Giant Containers Inc. (borrower); Giant Group Canada Inc. (guarantor) · creditor: Royal Bank of Canada (RBC), successor by amalgamation to HSBC Bank Canada · currency: CAD · security: Loan and security agreements/credit facilities advanced to Giant Containers Inc.; unlimited guarantee executed by Giant Group Canada Inc. of Giant Containers' obligations, including indebtedness under the Credit Facilities
- unsecured creditorsnote: Landlord's name not identified in the document. · page: 25 · basis: Stated in Receiver's Report as lease arrears owed by Giant Containers, which resulted in the landlord terminating the lease effective November 18, 2024 · amount: 159492.48 · debtor: Giant Containers Inc. · creditor: Landlord of 55 Unwin Avenue (unnamed) · currency: CAD
- secured creditorsnote: Deemed trust class claim; of the total $169,476.70 claimed, $145,046.10 represents the deemed trust property claim (the priority portion). Combined deemed trust portions ($11,532.28 + $145,046.10 = $156,578.38) are the amount the Discharge Order authorizes the Receiver to distribute to CRA, subject to availability of excess funds. · page: 28 · as of: CRA proof of claim · amount: 169476.7 · debtor: Giant Containers Inc. · creditor: Canada Revenue Agency (CRA) - unremitted HST · currency: CAD · security: Statutory deemed trust over unremitted HST
- secured creditorsnote: Deemed trust class claim; of the total $20,929.80 claimed, $11,532.28 represents the deemed trust property claim (the priority portion). Receiver seeks to distribute funds toward deemed trust claims only, ranking ahead of ordinary distribution to secured creditor RBC. · page: 28 · as of: CRA proof of claim · amount: 20929.8 · debtor: Giant Containers Inc. · creditor: Canada Revenue Agency (CRA) - payroll source deductions · currency: CAD · security: Statutory deemed trust over outstanding payroll source deductions
- fee scheduleengagements: form: invoice_listing · rows: Rudrakshi Chakrabarti · money: tax: label: HST · quote: HST | HST | $1,464.20 · amount: 1464.2 · fees: quote: Total FEES | | | $10,935.00 · amount: 10935 · total: quote: Total | Total | $12,727.25 · amount: 12727.25 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total DISBURSEMENTS | | | $328.05 · amount: 328.05 · period: end: 2025-11-05 · kind: invoice · label: Fee Approval Period · quote: for the period from September 16, 2025 to November 5, 2025 (the ' Fee Approval Period '). · start: 2025-09-16 · approval: quote: The Receiver requests that the Court approve its accounts for the period from October 4, 2024 to October 24, 2025 · state: sought · averages: rate: 578.57 · quote: 578.57 $ · currency: code: CAD · quote: Please note that all our accounts are rendered in Canadian Dollars. · invoices: tax: 1464.2 · fees: 10935 · quote: 1st Bill (Inv. 43382) | For period ended November 5, 2025 | 18.9 | 10,935.00 $ | 328.05 $ | 1,464.20 $ | 12,727.25 $ | 578.57 $ · total: 12727.25 · period end: 2025-11-05 · average rate: 578.57 · disbursements: 328.05 · firm text: Thornton Grout Finnigan LLP · firm quote: Thornton Grout Finnigan LLP · hours total: quote: TOTAL | | 18.9 | 10,935.00 $ | 328.05 $ | 1,464.20 $ | 12,727.25 $ | · value: 18.9 · context quote: The accounts of the Receiver's counsel, Thornton Grout Finnigan LLP ('TGF'), for the period from September 16, 2025 to November 5, 2025, totals $11,263.05 in fees and disbursements, · context unverified: true
- recovery outcomeentries: basis: estimated · quote: It is expected there will be no funds available for distribution to other creditors, including the Applicant as secured creditor. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: other creditors, including the Applicant as secured creditor · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2025-11-06 · table missing: