British Columbia · Receivership (court-appointed)
Petition to the Court
Application / notice of application · 14 February 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
- applicantROYAL BANK OF CANADA
- commencement date14 February 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noS251205
- appointeeMNP Ltd.
- appointee rolereceiver and manager
- secured creditorsnote: Referred to as 'Northwest Indebtedness'; part of total Indebtedness of approximately $6,978,237.47 owed by both Borrowers as of Jan 31, 2025; personal guarantees exist (Gurmej Dosanjh, Rajdeep Dosanjh) - names for reference only · page: 6 · as of: 2025-01-31 · amount: 2096657.54 · debtor: Northwest Sheet Metal Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated December 9, 2021 (BC PPR financing statement registered November 6, 2015, Base Registration No. 940973I); also guaranteed by 129 (guarantee limited to $8,000,000 plus interest) and by Personal Guarantors (Gurmej Dosanjh and Rajdeep Dosanjh) up to $2,400,000 plus interest
- secured creditorsnote: Referred to as '129 Indebtedness'; part of total Indebtedness of approximately $6,978,237.47 owed by both Borrowers as of Jan 31, 2025; personal guarantees exist (Gurmej Dosanjh, Rajdeep Dosanjh) - names for reference only · page: 7 · as of: 2025-01-31 · amount: 4881579.93 · debtor: 1292728 B.C. Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated October 28, 2021 (BC PPR financing statement registered August 18, 2021, Base Registration No. 184625N); also guaranteed by Northwest (guarantee limited to $2,400,000 plus interest) and by Personal Guarantors (Gurmej Dosanjh and Rajdeep Dosanjh) up to $8,000,000 plus interest