Ontario · Receivership (court-appointed)
Application Record of the Applicant dated June 2, 2026
Application / notice of application · 2 June 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 filing8 verified · 1 withheld
- applicantROYAL BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000205-0000
- 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
- secured creditorsnote: PPSA equipment financiers (PMSI class); only other registered creditor per PPSA search results aside from RBC · page: 10 · debtor: TechCity Canada Inc. · creditor: Mercedes-Benz Financial · currency: CAD · security: PPSA motor vehicle registration
- secured creditorsnote: TechCity Demanded Indebtedness as set out in Original Demand Letters dated February 25, 2026; plus costs, expenses and accruing interest · page: 10 · as of: 2026-02-19 · amount: 475491.88 · debtor: TechCity Canada Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement; Cross-Guarantees; Personal Guarantees
- secured creditorsnote: 1000 Demanded Indebtedness as set out in Second Demand Letters dated March 19, 2026; plus costs, expenses and accruing interest. Charge/GAR figures are registered principal, not balance. · page: 11 · as of: 2026-03-09 · amount: 1770210.32 · debtor: 1000229443 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement; Charge/mortgage registered principal amount $3,000,000 dated September 3, 2023, and corresponding general assignment of rents dated August 29, 2023; Cross-Guarantees; Personal Guarantees
- secured creditorsnote: Amount is registered principal, not a stated outstanding balance; second mortgagee per service list · page: 13 · debtor: 1000229443 Ontario Inc. · creditor: Kennedy Gateway Inc. · currency: CAD · security: Second charge (Second Encumbrance) in registered principal amount of $150,000 and corresponding assignment of rents, registered subsequent to RBC's Charge and GAR
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.