Ontario · NOI
Motion Record- Returnable on July 15, 2026
Application / notice of application · 8 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
- applicant2491000 ONTARIO INC. d/b/a DECKMART BUILDING SUPPLIES
- commencement date8 July 2026
- courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY & INSOLVENCY) [COMMERCIAL LIST]
- court file noBK-26-03386484-0031
- provinceONTARIO
- appointeeMNP LTD.
- appointee roleProposal Trustee
- financial positionnote: Total liabilities of approximately $4,754,764 comprising: ~$1,065,000 secured to RBC, ~$154,000 secured to BDC, ~$22,000 to CRA (HST), ~$565,278 unsecured trade creditors, and ~$2,970,000 to shareholders; additionally, post-NOI-filing, a Texas-based supplier demanded $682,264 from the Company and North Bay (not included in the stated total); no balance sheet total assets figure stated in these pages · page: 11 · as at: 2026-07-07 · basis: management/affidavit estimate (approximate figures stated in Notice of Motion grounded in Company's Affidavit sworn July 7, 2026) · scope: entity - 2491000 Ontario Inc. d/b/a Deckmart Building Supplies (excludes related party 1000009704 Ontario Inc. o/a North Bay, though RBC secured amount includes guarantee of North Bay's obligations) · currency: CAD · total liabilities: 4754764
- secured creditorsnote: Approximate figure per Notice of Motion (para 7(b)); no security instrument provided in these pages · page: 11 · as of: 2026-07-07 · amount: 154000 · debtor: 2491000 Ontario Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD
- secured creditorsnote: Approximate figure per Notice of Motion (para 7(a)); described as 'secured obligations to RBC – which includes the guarantee of the obligations of a related party (North Bay)'; RBC has terminated credit access and transferred account to special accounts group but does not oppose NOI proceedings; personal guarantees are individual guarantors, not separate secured creditor entries · page: 11 · as of: 2026-07-07 · amount: 1065000 · debtor: 2491000 Ontario Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General Security Agreement (first-ranking interest in all personal property) per RBC Credit Agreement dated April 25, 2023; facility limits: Facility #1 revolving demand $1,550,000, Facility #2 lease $100,000, Facility #3 fixed rate term loan $448,571.14, Facility #4 revolving lease $100,000 (aggregate ceilings, not balances); also secured by personal guarantees of Artur Harutyunyan ($1,350,000) and Aram Piruzyan ($1,350,000), and guarantee of related party 1000009704 Ontario Inc. o/a North Bay ($2,198,000/$2,298,000 per Form 812) supported by GSA over North Bay's personal property
- secured creditorsnote: Unpaid HST; deemed trust class quasi-governmental claim per Notice of Motion (para 7(c)); approximate figure · page: 11 · as of: 2026-07-07 · amount: 22000 · debtor: 2491000 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD