Ontario · NOI
Oral Argument Compendium of Aram Piruzyan
Application / notice of application · 13 July 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
- appointeeMNP LTD.
- appointee roleProposal Trustee
- courtSUPERIOR COURT OF JUSTICE
- court file noBK-26-03386484-0031
- proceeding typebia_noi
- provinceONTARIO
- financial positionnote: Breakdown: RBC $1,065,000 (secured, incl. North Bay guarantee); BDC $154,000 (secured); CRA $22,000 (HST); trade creditors $565,278 (unsecured); shareholders $2,970,000 (unsecured, related party). Responding Affidavit of Aram Piruzyan disputes completeness/accuracy of this picture, asserting North Bay's corresponding assets, receivables and inventory should also be considered. · page: 7 · as at: NOI filing date · basis: Company/management estimate as set out in motion materials · scope: Entity-level (2491000 Ontario Inc. d/b/a DeckMart Building Supplies only); figure includes a guarantee of related party North Bay's RBC obligations but does not appear to include North Bay's own assets or the disputed Fortress demand (US$682,624/US$682,624.01), which the Company states is not reflected on its creditors' list · currency: CAD · total liabilities: 4754764
- secured creditorsnote: Amount stated in Company's motion materials (para 7(a)). Piruzyan's Responding Affidavit disputes attribution/quantum, stating the RBC facility was utilized solely by North Bay and that North Bay's RBC bank records currently show approximately $815,000 in relation to that indebtedness (Responding Affidavit paras 32-33, p.18-19); DeckMart's guarantee obligation is contested. · page: 7 · as of: NOI filing date · amount: 1065000 · debtor: 2491000 Ontario Inc. d/b/a DeckMart Building Supplies · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Secured obligations (nature of security not specified in extract); includes guarantee of obligations of related party North Bay Building Products
- secured creditorsnote: Unpaid HST; deemed trust class · page: 7 · as of: NOI filing date · amount: 22000 · debtor: 2491000 Ontario Inc. d/b/a DeckMart Building Supplies · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorspage: 7 · as of: NOI filing date · amount: 154000 · debtor: 2491000 Ontario Inc. d/b/a DeckMart Building Supplies · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General security agreement executed June 21, 2023, registered under the PPSA
- secured creditorsnote: PPSA equipment financier (PMSI class); amount of indebtedness not stated · page: 9 · debtor: 2491000 Ontario Inc. d/b/a DeckMart Building Supplies · creditor: Mercedes-Benz Financial · currency: CAD · security: Leases of vehicles used by shareholders, registered as purchase money security interests (PMSI) under the PPSA; leases continue to be serviced