Ontario · CCAA
Application Record of the Applicant Volume 1 dated March 24, 2025
Application / notice of application · 24 March 2025
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 filing5 verified
- secured creditorsnote: Aggregated PPSA registrants named as parties served on the Notice of Application (of 64 total registration families per PPSA search current to Feb 26, 2025 / Mar 12, 2025): CANACAP; BVD Petroleum Inc.; Dynamic Civil Recovery Corp.; VFS Canada Inc.; LBEL Inc.; Meridian OneCap Credit Corp (2 addresses); TPine Leasing Capital Corporation; PNC Vendor Finance Corporation Canada; Coast Capital Equipment Leasing Ltd.; TFG Financial Corporation; Concentra Bank; TD Equipment Finance Canada (a division of TD Bank); Essex Lease Financial Corporation; CLE Capital Inc.; De Lage Landen Financial Services Canada Inc.; Hitachi Capital Canada Corp.; Bodkin, a division of Bennington Financial Corp.; Prime Capital Group Inc.; CWB Maxium Financial Inc.; CWB National Leasing Inc. No individual balances stated in the document. · page: 6 · debtor: DC Freight Haulers Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA registrations against specific/serialized equipment collateral, registered after the General RBC Registration
- secured creditorsnote: Listed on the service list as 'Secured Party' (not 'PPSA Creditor' like other equipment financiers); capacity/collateral not further described in the pages provided; no balance stated. · page: 8 · debtor: DC Freight Haulers Inc. · creditor: Daimler Truck Financial Services Canada Corporation · currency: CAD
- secured creditorsnote: Non-leasing Credit Facilities portion of 'Demanded Indebtedness' per Demand Letters/BIA Notice dated January 24, 2025. Debtor's obligations also guaranteed by directors/officers Harman Kalra and Gurjant Dhanda and by Abbass Chaudhry (personal guarantee dated May 11, 2024, limited to $2,300,000 principal plus interest) - Guarantee Claim commenced against guarantors Feb 26, 2025. · page: 57 · as of: 2025-01-16 · amount: 1412660.67 · debtor: DC Freight Haulers Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General Security Agreement dated September 16, 2021 (PPSA-registered, all collateral other than consumer goods - 'General RBC Registration'); Primary Credit Agreement dated May 8, 2024
- secured creditorsnote: USD portion of non-leasing 'Demanded Indebtedness' per Demand Letters/BIA Notice dated January 24, 2025. · page: 57 · as of: 2025-01-16 · amount: 468354.69 · debtor: DC Freight Haulers Inc. · creditor: Royal Bank of Canada (RBC) · currency: USD · security: General Security Agreement dated September 16, 2021 (PPSA-registered); Primary Credit Agreement dated May 8, 2024
- secured creditorsnote: Amount owing in respect of leasing Credit Facilities (part of the broader 'Indebtedness', separate from the non-leasing 'Demanded Indebtedness'). · page: 57 · as of: 2025-01-16 · amount: 322743.37 · debtor: DC Freight Haulers Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Master Lease Agreements dated October 25, 2021 and November 9, 2023 and lease schedules thereunder