Ontario · Receivership (court-appointed)
Application Record of the Applicant dated September 18, 2025 Part 2
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 filing8 verified
- secured creditorsnote: Aggregated per serialized-equipment financier rule. Components (no balances stated in PPSA search results): Bodkin, a division of Bennington Financial Corp. - 2013 Volvo VNL64T630 truck (Lease Agreement 50027111), file 796004748; TFG Financial Corporation - 2016 Western Star 4900FA & 2016 Wally-Mo S7509 trailer, file 795445596; LBEL Inc. - 2023/2024 MAC & Wabash flatbed/drop-deck trailers (4 units), file 794176182; Moneda Capital Corp. - 2016 Freightliner Cascadia (x2) & 2016 Volvo VNL670/VNL760, file 793773468; De Lage Landen Financial Services Canada Inc. - 2016 Freightliner Cascadia & 2016 Volvo VNL630, file 793228419; Daimler Truck Financial Services Canada Corporation - 2023 MAC flatbed trailers (x3), file 791663742. · page: 4 · debtor: 8777691 Canada Inc. (o/a Panjaab Transport; also registered against Sandeep Singh) · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized equipment (trucks/trailers) - lease/PMSI financing registered under Ontario PPSA
- secured creditorsnote: Tenant in common share of same $2,000,000 CAD charge as Kaura entry. Charge is stated to be a THIRD priority charge and 'in part' collateral supporting BVD Capital Corporation facilities (see BVD Capital entries). Guaranteed by Sandeep Singh, Birinder Kaur (individuals) and corporate guarantors 8777691 Canada Inc. o/a Punjaab Transport and 2529933 Ontario Inc. o/a Palm Transport. · page: 214 · as of: 2025-02-12 · amount: 600000 · debtor: 2747826 Ontario Inc. · creditor: Dhanjoon, Paramjeet · currency: CAD · security: Charge/Mortgage registered as HR2085421 (2101 Ninth Line, Oakville) and identically as HR2085420 (2213 Ninth Line, Oakville); collateral also over 21 Bowman Ave, Brampton; 3052 Coral Dr., Mississauga; 7270 Mohican Court, Mississauga
- secured creditorsnote: Individual (private) lenders - related-party secured creditors. Total principal secured is $2,000,000 CAD (this entry + Dhanjoon entry). Schedule of Additional Provisions states charge is a THIRD priority charge and is 'in part' collateral supporting BVD Capital Corporation facilities (see BVD Capital entries). Guaranteed by Sandeep Singh, Birinder Kaur (individuals - guarantors, names noted only) and by 8777691 Canada Inc. o/a Punjaab Transport and 2529933 Ontario Inc. o/a Palm Transport (corporate guarantors). · page: 214 · as of: 2025-02-12 · amount: 1400000 · debtor: 2747826 Ontario Inc. · creditor: Kaura, Rajesh and Kaura, Kanta (joint tenants, right of survivorship) · currency: CAD · security: Charge/Mortgage registered as HR2085421 (2101 Ninth Line, Oakville) and identically as HR2085420 (2213 Ninth Line, Oakville); collateral also over 21 Bowman Ave, Brampton; 3052 Coral Dr., Mississauga; 7270 Mohican Court, Mississauga
- secured creditorsnote: Stated as the amount of a promissory note (CDN component) made by 2529933 Ontario Inc. and 8777691 Canada Inc. as borrowers in favour of BVD Capital Corporation, per Schedule of Additional Provisions to the Kaura/Dhanjoon charge; this is the note's stated principal amount, not a separately-dated outstanding balance. A USD component is stated separately (see linked entry). · page: 246 · amount: 3755477.65 · debtor: 2529933 Ontario Inc. (o/a Palm Transport) and 8777691 Canada Inc. (o/a Panjaab Transport) · creditor: BVD Capital Corporation · currency: CAD · security: Master factoring agreements (Palm Factoring Agreement dated 2024-05-22; Panjaab Factoring Agreement dated 2022-04-06) and a Promissory Note; the Kaura/Dhanjoon Charge/Mortgage (HR2085421/HR2085420) is stated to be collateral security, in part, for these Loan Agreements
- secured creditorsnote: USD component of the same promissory note described in the CAD BVD Capital Corporation entry. · page: 246 · amount: 174528.18 · debtor: 2529933 Ontario Inc. (o/a Palm Transport) and 8777691 Canada Inc. (o/a Panjaab Transport) · creditor: BVD Capital Corporation · currency: USD · security: Master factoring agreements (Palm Factoring Agreement dated 2024-05-22; Panjaab Factoring Agreement dated 2022-04-06) and a Promissory Note; the Kaura/Dhanjoon Charge/Mortgage (HR2085421/HR2085420) is stated to be collateral security, in part, for these Loan Agreements
- secured creditorsnote: Stated total of CAD-denominated facilities (Operating Facility + 4 loan accounts + 3 CAD VISA facilities) per RBC demand letter dated 2025-09-04; also demand for a USD component (see separate entry). Guaranteed by 2747826 Ontario Inc. (related party) and Sandeep Singh (individual guarantor). BIA s.244 Notice of Intention to Enforce Security enclosed with demand. · page: 271 · as of: 2025-08-26 · amount: 3321037.99 · debtor: 8777691 Canada Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated April 11, 2022
- secured creditorsnote: VISA Facility ending in 4051; USD component of same demand as the CAD entry above. · page: 271 · as of: 2025-08-26 · amount: 17765.98 · debtor: 8777691 Canada Inc. · creditor: Royal Bank of Canada · currency: USD · security: General Security Agreement dated April 11, 2022
- secured creditorsnote: Stated total of 3 loan accounts per RBC demand letter dated 2025-09-04. Guaranteed by 8777691 Canada Inc. (related party) and Sandeep Singh (individual guarantor). Security instrument not identified on the page provided. · page: 274 · as of: 2025-08-26 · amount: 8933845.2 · debtor: 2747826 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD