Ontario · Receivership (court-appointed)
Supplementary Application Record dated July 28, 2026.pdf
Application / notice of application · 28 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 filing7 verified
- applicantROYAL BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26-00004208-0000
- 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: RBC made demand on these entities between February 5-12, 2026; the three companies made assignments into bankruptcy on February 18-19, 2026 (trustee Kunjar Sharma & Associates Inc., Gregory Judd). Counsel's email states RBC's secured rights are preserved under BIA s. 69.3(2). Amounts owing not stated on these pages. Trustee states it holds no assets subject to bank security. · page: 9 · debtor: Nile Renovation and Construction Ltd.; 2794693 Ontario Inc.; 11203568 Canada Inc. (non-respondent) · creditor: Royal Bank of Canada (loans to Nile Renovation and Construction Ltd., 11203568 Canada Inc. and 2794693 Ontario Inc.) · currency: CAD
- unsecured creditorsnote: Priority/deemed-trust-class claim ranking ahead of RBC; counsel stated client was arranging payment, proof of payment not yet provided. Per affidavit, 566 acknowledged owing priority amounts to CRA but has provided no evidence of payment. · page: 85 · as of: 2026-06-30 · basis: Balance reported by 566's counsel Kiran Salooja in email of June 30, 2026 (from CRA balance confirmation); statutory declaration on HST/source deductions was requested and sent · amount: 9428.88 · debtor: 13466566 Canada Inc. (566) · creditor: Canada Revenue Agency (priority payables, 13466566 Canada Inc.) · currency: CAD
- secured creditorsnote: Payout Amount in RBC's June 22, 2026 payout letter, valid only until 5:00 p.m. on June 22, 2026; includes $5,000 cash collateral to be provided by the borrowers, $25,667.24 legal fees to June 21 and $2,500 estimated further legal fees. Components (June 19 balances): 896 overdraft $3,021.73, Visa 6058 $11.30, Visa 6116 $5,425.30, accelerated term (896 Credit Agreement) $70,590.62, accelerated term (896 CSBFL) $242,939.34; 566 matured term (CSBFL) $268,012.85, Visa 5571 $502.76, overdraft $1,588.79, accelerated term (566 Credit Agreement) $35,738.62. Borrowers' counsel disputed the legal fees. Letter unsigned by borrowers. Interest and fees continue to accrue. Per affidavit, 566 paid $310,843.02 in late June 2026 as partial payment (a payout of its own facilities, including $5,000 cash collateral); balance still owing by 566 undetermined, RBC to issue updated payout letter. The 896 amount and the other demand letters remain unpaid. Related-party guarantors: the individuals are guarantors and the debts are guaranteed by them. · page: 105 · as of: 2026-06-22 · amount: 660998.55 · debtor: 12823896 Canada Inc. (896) and 13466566 Canada Inc. (566) · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreements and chattel mortgage security agreements (896: Mar 16, 2022; 566: Jun 5, 2022); PPSA registrations 20220321 1136 1532 7399 (566) and 20220303 1454 1532 8138 (896); guarantees and postponements of claim by Mandeep Sadioura and Rajandeep Singh Dhillon, limited to principal sums of $126,382 and $87,500 (896) and $129,968 and $87,500 (566), plus interest from demand