Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 23 April 2026
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What we verified from this filing12 verified
- applicantROYAL BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26-00003012-0000
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- commencement date14 April 2026
- secured creditorsnote: Related party (affiliated corporation, common director Imran Ahmed); guarantee limit, not a balance; RBC is the actual creditor holding this guarantee · page: 9 · as of: 2025-03-28 · amount: 1550000 · debtor: Diamond Luxury Builders Inc. · creditor: 900 (1000704900 Ontario Inc.) · currency: CAD · security: Guarantee of Diamond Luxury's obligations to RBC, secured by Diamond Luxury Security
- secured creditorsnote: Combined outstanding under Credit Facilities as of April 8, 2026 per application grounds; separate demand letters dated Feb 26, 2026 state Diamond indebtedness $1,563,837.00 and 900 indebtedness $1,139,170.85 (combined $2,688,837.00 / $2,689,170.85 including cross-guarantees) as of Feb 25, 2026 · page: 10 · as of: 2026-04-08 · amount: 2679603.58 · debtor: Diamond Luxury Builders Inc. and 1000704900 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreements (Diamond Luxury dated March 28, 2025; 900 dated March 28, 2025) over all present, future and after-acquired property; $1,500,000 collateral mortgage on Real Property registered April 9, 2025, instrument PR4450714
- secured creditorsnote: Related party (affiliated corporation, common director Imran Ahmed); guarantee limit, not a balance; RBC is the actual creditor holding this guarantee · page: 10 · as of: 2025-03-28 · amount: 1125000 · debtor: 1000704900 Ontario Inc. · creditor: Diamond Luxury Builders Inc. · currency: CAD · security: Guarantee of 900's obligations to RBC, secured by 900 Security
- secured creditorsnote: Amount not stated; also held a charge (PR4399957) against 1000704900 Ontario Inc.'s Real Property, discharged November 17, 2025 (PR4531062) - DISCHARGED security, not current · page: 15 · debtor: Diamond Luxury Builders Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: PPSA registration over accounts
- secured creditorsnote: Subordinated to RBC pursuant to postponement agreement dated February 7, 2025; amount not stated · page: 15 · debtor: Diamond Luxury Builders Inc. · creditor: Morrison Financial Mortgage Corporation · currency: CAD · security: PPSA registration over inventory, equipment and accounts
- secured creditorsnote: Amount not stated · page: 15 · debtor: Diamond Luxury Builders Inc. · creditor: DUCA Financial Services Credit Union Ltd. · currency: CAD · security: PPSA registration over accounts and other collateral
- secured creditorsnote: DISCHARGED - discharge of charge registered November 13, 2025 (PR4400281); not current security · page: 124 · debtor: 1000704900 Ontario Inc. · creditor: Erina D'Avino · currency: CAD · security: Charge (PR4290408) and general assignment of rents (PR4290409) registered January 8, 2024, against Real Property