Ontario · Receivership (court-appointed)
Application Record of the Applicant dated November 20, 2025
Application / notice of application · 20 November 2025
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What we verified from this filing11 verified
- applicantROYAL BANK OF CANADA
- commencement date14 November 2025
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00006390-0000
- proceeding typereceivership_court
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, RSC 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, RSC 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43
- secured creditorsnote: Companion CAD balance of $5,979,324.98 also owing as of same date (see separate entry). · page: 13 · as of: 2025-10-07 · amount: 112396.54 · debtor: CaraMex Logistics Inc. · creditor: Royal Bank of Canada · currency: USD · security: CaraMex GSA dated July 5, 2022; CaraMex Lease (Master Lease Agreement dated July 26, 2023); Revolving Demand Facility USD sub-account and USD overdraft
- secured creditorsnote: Companion USD balance of $112,396.54 also owing as of same date (see separate entry). Bank also holds Guarantee and Postponement of Claim from 228 Ontario Inc. limited to $6,000,000, and a personal guarantee from a director/guarantor of the Debtors limited to $2,500,000 (guarantor: Varinderpal Singh Gil), with $2,500,000 demanded in full as of Oct 7, 2025 (judgment sought). Plus Professional Costs of $13,940.70 owing as of Oct 31, 2025. · page: 13 · as of: 2025-10-07 · amount: 5979324.98 · debtor: CaraMex Logistics Inc. · creditor: Royal Bank of Canada · currency: CAD · security: CaraMex GSA dated July 5, 2022 (all present and after-acquired personal property); CaraMex Lease (Master Lease Agreement dated July 26, 2023, schedules 201000075549, 201000087736, 201000079582, 201000075984); facility limits: Revolving Demand Facility $3,200,000, Revolving Lease Line of Credit $3,100,000, Credit Card Facility $250,000
- secured creditorsnote: Bank also holds Guarantee and Postponement of Claim from CaraMex Logistics Inc. limited to $3,000,000; demand letter dated Oct 9, 2025 states $498,779.38 owing under this guarantee as of Oct 7, 2025. · page: 14 · as of: 2025-10-07 · amount: 1543926.62 · debtor: 2281498 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: 228 GSA dated July 5/11, 2022 (date given inconsistently as July 5, 2022 in affidavit and July 11, 2022 in Notice of Application) over all present and after-acquired personal property; 228 Ontario Lease (Master Lease Agreement dated August 29, 2022, schedules 201000069529, 201000073769, 201000071390); 228 Ontario Conditional Sales Contract dated June 20, 2023; facility limits: Revolving Lease Line of Credit $3,100,000, Credit Card Facility $100,000
- secured creditorsnote: Named parties on the service list, presumed PPSA registrants, include: TFG Financial Corporation, Coast Capital Equipment Finance Ltd., 1519950 Ontario Inc., Mercedes-Benz Financial, Mercedes-Benz Financial Services Canada Corporation, Daimler Truck Financial Services Canada Corporation, Riordan Leasing Inc., Bodkin (a division of Bennington Financial Corp.), LBEL Inc., TPine Leasing Capital Corporation, Bank of Montreal, De Lage Landen Financial Services Canada Inc., Dynamic Capital Equipment Finance Inc., Wells Fargo Equipment Finance Company, Reefer & APU Pro's, Current Financial Corp., Canadian Western Bank, Meridian OneCap Credit Corp., Mitsubishi LLC Capital Canada Leasing, Inc., Just Trux, New Millennium Tire Bolton Ltd. No amounts or security details for these registrants are stated on the pages provided. · page: 16 · debtor: CaraMex Logistics Inc. and 2281498 Ontario Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Personal Property Security Act (Ontario) financing statement registrations against the Debtors' personal property; document states 'all registrants have been served with the within Motion Record' (para 18) but does not specify individual registration types or balances on these pages