Ontario · Receivership (court-appointed)
First Report of the Receiver dated January 16, 2026 (Part 2 of 2)
Court officer report · 16 January 2026
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What we verified from this filing6 verified
- secured creditorsnote: Aggregated per extraction rule for serialized-equipment PMSI financiers; individual registration dates range from 2024-01-10 to 2025-05-30; no balances stated in registrations · page: 3 · debtor: Jade Equipment Co. Ltd. (one registration also names Trenchless Utility Equipment Inc. and Elvaan Group Inc. as co-debtors) · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized-equipment PMSI registrations (specific motor graders, excavators, wheel loaders etc. identified by VIN/serial number) registered by Mitsubishi HC Capital Canada, Inc.; Mitsubishi HC Capital Canada Leasing, Inc.; and RCAP Leasing Inc.
- secured creditorsnote: PPSA registration only; no balance stated · page: 9 · as of: 2025-01-29 · debtor: Jade Equipment Co. Ltd. · creditor: Huntington Commercial Finance Canada, Inc. · currency: CAD · security: Blanket all-property PPSA registration (inventory, equipment, accounts, other marked as collateral)
- secured creditorsnote: Multiple PPSA registrations dated 2023-05-19, 2023-06-19 and 2024-09-13 (with later renewals/amendments); no balance amount stated in any registration · page: 16 · debtor: Jade Equipment Co. Ltd. (registered originally against predecessor 2519094 Alberta Ltd., amalgamated into Jade Equipment Co. Ltd. on/about Aug. 3, 2023) · creditor: Royal Bank of Canada · currency: CAD · security: Blanket all-property PPSA registrations (inventory, equipment, accounts, other)
- secured creditorsnote: Co-secured party/lien claimant listed jointly with T. Richard Ross, an individual (personal party, name recorded here only per extraction rules); no balance amount stated · page: 49 · as of: 2023-08-03 · debtor: Jade Equipment Co. Ltd. · creditor: 1243239 Alberta Ltd. · currency: CAD · security: General Security Agreement ("GSA") and promissory note dated August 3, 2023; blanket all-property PPSA registration (consumer goods, inventory, equipment, accounts, other)
- secured creditorsnote: Two PPSA registrations dated 2020-07-09 (renewed 2025) and 2023-06-27; no balance amount stated · page: 50 · debtor: Jade Equipment Co. Ltd. · creditor: De Lage Landen Financial Services Canada Inc. · currency: CAD · security: Blanket all-property PPSA registrations ("all present and after-acquired personal property of the debtor(s)")
- secured creditorsnote: Amount is the amount recorded on the PPSA financing statement (registered financing amount), not confirmed as a current outstanding balance · page: 61 · as of: 2025-08-18 · amount: 1200000 · debtor: Elvaan Group Inc. · creditor: XCMG America Financial LLC · currency: USD · security: PPSA registration over present and future inventory, goods, machines and equipment ("Financed Inventory") — floor-plan/inventory financing