Ontario · Receivership (court-appointed)
Application Record of the Applicant dated July 16, 2025 (1)
Application / notice of application · 16 July 2025
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What we verified from this filing4 verified
- secured creditorsnote: Corporate Guarantor of the Borrowers' (Tyson Trucking and 150 Oakwood Holdings) debts, liabilities and obligations to RBC; guarantee liability coextensive with Borrowers' Grand Total indebtedness of $5,871,344.37 as at June 27, 2025; amount not separately stated for the guarantor. · page: 6 · debtor: Tyson Investment Holdings Inc. (Corporate Guarantor) · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated January 18, 2024 (Exhibit H)
- secured creditorsnote: RBC received a Notice of Intention to Dispose Pursuant to Section 63(4) of the PPSA dated July 3, 2025 issued by Meridian OneCap Credit Corp.; existence of security interest and enforcement intent confirmed but outstanding amount not stated in the record. · page: 15 · as of: 2025-07-03 · creditor: Meridian OneCap Credit Corp. · currency: CAD · security: PPSA security interest (equipment financing)
- secured creditorsnote: Sub-total of RBC indebtedness for Tyson Trucking as primary debtor, excluding legal/professional fees; forms part of Grand Total of $5,871,344.37 owing to RBC as at June 27, 2025. Personal guarantees also given by directors/officers Gurjeet Singh Bhullar, Harpreet Bajwa, Gurbinder Saini and Navjot Singh for the Borrowers' debts (Consents to Judgment signed under Forbearance Agreement). · page: 66 · as of: 2025-06-27 · amount: 2507820.11 · debtor: Tyson Trucking Group Ltd. (formerly Bhullar Jatt Transport Ltd.) · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement (GSA); comprises Demand Facility, Auto Loan, four Lease Facilities, RCAP Lease, and two Visa Facilities
- secured creditorsnote: Mortgage Loan comprising principal $3,289,544.93 and interest $29,646.46 (per diem interest $581.30); Mortgage Loan matured without repayment on July 8, 2025. Sub-total forms part of RBC Grand Total of $5,871,344.37 as at June 27, 2025. · page: 66 · as of: 2025-06-27 · amount: 3319191.39 · debtor: 150 Oakwood Street Holdings Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Mortgage Security over Real Property municipally known as 150 Oakwood Street, Ingersoll, Ontario (PIN 00148-0095 (LT)); also General Security Agreement dated July 6, 2022 (Exhibit G)