Ontario · Receivership (court-appointed)
Application Record of the Applicant dated September 18, 2025 Part 1
Application / notice of application · 18 September 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 filing14 verified
- courtSUPERIOR COURT OF JUSTICE
- commencement date18 September 2025
- secured creditorsnote: Blanket all-property registrant; amount not stated in PPSA search results (currency to September 15, 2025). · page: 20 · debtor: 8777691 Canada Inc. o/a Panjaab Transport · creditor: LBEL Inc. · currency: CAD · security: General (blanket, all-property) PPSA registration against Panjaab, subsequent in time to RBC's registration
- secured creditorsnote: Blanket all-property registrant; amount not stated in PPSA search results (currency to September 15, 2025). · page: 20 · debtor: 8777691 Canada Inc. o/a Panjaab Transport · creditor: Bank of Montreal · currency: CAD · security: General (blanket, all-property) PPSA registration against Panjaab, subsequent in time to RBC's registration
- secured creditorsnote: Separate personal-property PPSA registration from the now-discharged BVD real property charge; amount not stated in PPSA search results. · page: 20 · debtor: 8777691 Canada Inc. o/a Panjaab Transport · creditor: BVD Capital Corporation · currency: CAD · security: General (blanket, all-property) PPSA registration against Panjaab, subsequent in time to RBC's registration
- secured creditorsnote: Related parties (relatives of sole director Sandeep Singh); appears to correspond to the Second Subordinate real property charges. · page: 20 · amount: 2000000 · debtor: 8777691 Canada Inc. o/a Panjaab Transport · creditor: Rajesh Kaura, Kaura Kanta and Paramjeet Dhanjoon · currency: CAD · security: General (blanket, all-property) PPSA registration against Panjaab, limited to $2,000,000, subsequent in time to RBC's registration
- secured creditorsnote: Aggregated serialized-equipment/vehicle financiers per certified PPSA searches (currency to September 15, 2025); individual creditor amounts not itemized in the affidavit. · page: 20 · debtor: 8777691 Canada Inc. and 2747826 Ontario Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: 93 PPSA registration families primarily relating to interests in specific equipment and motor vehicles
- secured creditorsnote: Floor - document states registrations are 'collectively for parking and repair fees totalling over $725,000'; combined figure for both registrants, not itemized individually. · page: 20 · amount: 725000 · debtor: 8777691 Canada Inc. o/a Panjaab Transport · creditor: Jimmy Truckline Inc. and JHS Truck Repair · currency: CAD · security: Seven registrations under Ontario's Repair and Storage Liens Act against Panjaab
- secured creditorsnote: Registered principal amount, not a confirmed balance. 'Subordinate Chargees' are relatives of Sandeep Singh, sole director of the Debtors (related party); registered without RBC's knowledge or consent. · page: 21 · as of: 2025-02-12 · amount: 2000000 · debtor: 2747826 Ontario Inc. · creditor: Rajesh Kaura, Kanta Kaura and Paramjeet Dhanjoon · currency: CAD · security: Third-in-time charges (Second Subordinate Charges) registered February 12, 2025, Instrument Nos. HR2085421 (2101 Property) and HR2085420 (2213 Property), subordinate to RBC's Charges and the First Subordinate Charges
- secured creditorsnote: Registered principal amount, not a confirmed balance. Chargees are relatives of Sandeep Singh, sole director of the Debtors (related party); interim financing purportedly obtained without RBC's knowledge or consent and not permitted under RBC's security. · page: 21 · as of: 2024-02-05 · amount: 1200000 · debtor: 2747826 Ontario Inc. · creditor: Rajesh Kaura and Kanta Kaura · currency: CAD · security: Second-in-time charges (First Subordinate Charges) registered February 5, 2024, Instrument Nos. HR2014673 (2101 Property) and HR2014672 (2213 Property), subordinate to RBC's Charges
- secured creditorsnote: DISCHARGED February 12, 2025 (same date the Second Subordinate Charges were registered); no longer an active secured claim - existence only. · page: 22 · as of: 2025-02-12 · amount: 2000000 · debtor: 2747826 Ontario Inc. · creditor: BVD Capital Corporation · currency: CAD · security: Real property charge (mortgage) over the 2101 Property and 2213 Property
- secured creditorsnote: CAD component of 'Panjaab Indebtedness' (Operating Facility CAD $3,002,778.08; term loans; three VISA facilities) per RBC schedule as at August 26, 2025, exclusive of legal fees, disbursements and accruing interest. Separate USD $17,765.98 outstanding under VISA Facility Ending 4051 (see separate entry). Guaranteed by 274 (limited guarantee $3,000,000, Dec 14, 2023) and personally guaranteed by sole director Sandeep Singh (limited guarantee $3,000,000, Dec 14, 2023). · page: 26 · as of: 2025-08-26 · amount: 3321037.99 · debtor: 8777691 Canada Inc. o/a Panjaab Transport · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated April 11, 2022 (PPSA registered, first-in-time); Demand Letter and BIA s.244(1) Notice issued September 4, 2025
- secured creditorsnote: USD component of Panjaab Indebtedness; card was locked/over limit prior to demand. · page: 26 · as of: 2025-08-26 · amount: 17765.98 · debtor: 8777691 Canada Inc. o/a Panjaab Transport · creditor: Royal Bank of Canada · currency: USD · security: VISA Facility Ending in 4051, secured under Panjaab GSA
- secured creditorsnote: Total under '274 Indebtedness' (three loan accounts) per RBC schedule as at August 26, 2025, exclusive of legal fees, disbursements and accruing interest. Guaranteed by unlimited guarantee from Panjaab and personally guaranteed by sole director Sandeep Singh (limited guarantee $4,613,000, Dec 14, 2023). Demand Letter and BIA s.244(1) Notice issued September 4, 2025. · page: 27 · as of: 2025-08-26 · amount: 8933845.2 · debtor: 2747826 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated April 11, 2022 (PPSA registered); 2101 Charge - mortgage, registered principal $7,500,000, Instrument HR2008190, first-in-time on 2101 Ninth Line, Oakville; 2213 Charge - mortgage, registered principal $7,050,000, Instrument HR1885473 (amended HR2008188), first-in-time on 2213 Ninth Line, Oakville