Ontario · Receivership (court-appointed)
Motion Record - Returnable July 7, 2026
Application / notice of application · 7 July 2026
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What we verified from this filing13 verified
- applicantKINDRED CREDIT UNION LIMITED
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00089091-0000
- secured creditorsnote: Named only as 'PPSA Registrant' on the Service List; not otherwise detailed in the excerpted materials (e.g., not shown in Exhibit A PPSA search summary). · page: 3 · debtor: 15032083 Canada Inc. · creditor: Sukhpal Brar · currency: CAD · security: PPSA registrant (per Service List); no registration particulars, collateral description or amount provided in the reviewed pages
- appointeeBDO Canada Limited
- appointee roleReceiver
- commencement date17 June 2025
- secured creditorsnote: Amount is 'aggregate indebtedness' plus accruing legal fees, interest and disbursements (approximation, exact figure used). Secured also by Personal Guarantee of Abhai Singh Bhullar (director, related party) and Corporate Guarantee of Bhullar Estate Corporation (related party), each limited to $2,250,000.00. Security opinion (Gowlings) confirms first priority mortgage but notes PPSA GSA may rank second behind Ramandeep Deol's earlier-registered GSA absent a postponement (not provided), and that a City of Hamilton tax arrears lien and possibly the Credit Party's dissolution for non-compliance (Dec 30, 2025) may affect priority/enforceability. · page: 35 · as of: 2025-06-27 · amount: 2383062.09 · debtor: 15032083 Canada Inc. · creditor: Kindred Credit Union Limited · currency: CAD · security: First ranking mortgage/charge registered against the Real Property (Instrument No. WE1727145) securing a mortgage loan; registered mortgage principal amount $2,925,000.00 (Credit Agreement stipulated $2,250,000.00 — discrepancy noted by counsel as not affecting validity); also holds a General Security Agreement (PPSA registration #504318744, registered 2024-04-10) over inventory, equipment, accounts, other, motor vehicles
- secured creditorsnote: Amount stated as approximate ('indebted in the aggregate amount of approximately'), plus accruing legal fees, interest and disbursements. Registered subsequent in priority to Kindred; did not require postponement. · page: 35 · as of: 2025-06-27 · amount: 76446.73 · debtor: 15032083 Canada Inc. · creditor: Vu Quynh Giao Hoang · currency: CAD · security: Third ranking mortgage over the Real Property, registered principal amount $70,000 (Instrument No. WE1785340, registered 2025-03-07)
- secured creditorsnote: Amount stated as approximate ('owed approximately'), plus accruing legal fees, interest and disbursements. This mortgage (Instrument No. WE1690294) was originally prior in time but was postponed (Instrument No. WE1727177) to Kindred's rights under its Mortgage. · page: 35 · as of: 2025-06-27 · amount: 395783.87 · debtor: 15032083 Canada Inc. · creditor: Haji Alnoor and Arezou Rahbari · currency: CAD · security: Second ranking mortgage over the Real Property (the 'Alnoor Mortgage'), registered principal amount $250,000
- secured creditorsnote: Municipal tax arrears lien; to the extent unpaid, ranks in priority ahead of Kindred's Mortgage against the Real Property (per Gowlings' comments on searches). · page: 70 · as of: 2026-03-31 · amount: 51801 · debtor: 15032083 Canada Inc. · creditor: City of Hamilton · currency: CAD · security: Certificate re tax arrears registered on title to the Real Property, Instrument No. WE1848267
- secured creditorsnote: Registered prior in time to Kindred's GSA; per Gowlings' security opinion, 'unless a postponement was obtained (we have not been provided with one), the Lender's general security agreement would rank second in priority' — i.e., Deol's registration may have priority over Kindred's PPSA collateral. Amount of underlying debt not stated in the excerpt. · page: 70 · debtor: 15032083 Canada Inc. · creditor: Ramandeep Deol · currency: CAD · security: General Security Agreement (blanket all-property PPSA registration #794440539, registered 2023-06-19, 5-year term expiring 2028-06-19) covering inventory, equipment, accounts, other, motor vehicles
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for a total of $36,606.75 prior to disbursements of $163.03 and applicable taxes · amount: 36606.75 · approximate: true · disbursements: quote: prior to disbursements of $163.03 and applicable taxes · amount: 163.03 · period: end: 2026-05-22 · kind: interim · quote: The Receiver's fees for the period January 14, 2025 to May 22, 2026 · start: 2025-01-14 · approval: state: unstated · averages: rate: 458.16 · quote: an average hourly rate of approximately $458.16 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: Lawyers for the Receiver BDO Canada Limited · hours total: quote: encompass 79.9 hours at an average hourly rate of approximately $458.16 · value: 79.9 · context quote: BDO was appointed as Receiver, without security, over the assets, undertakings and properties of 15032083 Canada Inc.