Ontario · Receivership (court-appointed)
Application Record (returnable February 13, 2026)
Application / notice of application · 13 February 2026
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What we verified from this filing14 verified
- applicantTHE TORONTO-DOMINION BANK
- courtSUPERIOR COURT OF JUSTICE
- court file noCL-26-00000054-0000
- provinceONTARIO
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
- appointeeAlbert Gelman Inc.
- appointee roleProposed Receiver
- commencement date10 February 2026
- secured creditorsnote: Named as Secured Creditor in service list; no balance disclosed in the record. · page: 23 · debtor: Advance Marble & Granite Ltd. · creditor: BMW Canada Inc. · currency: CAD · security: PPSA registration against equipment, other, and motor vehicle collateral (currency to Feb 3, 2026)
- secured creditorsnote: Named as Secured Creditor in service list; no balance disclosed in the record. · page: 23 · debtor: Advance Marble & Granite Ltd. · creditor: Boxx Modular LP by its General Partner Boxx Modular GP Inc. · currency: CAD · security: PPSA registration against equipment collateral (currency to Feb 3, 2026)
- secured creditorsnote: Named as Secured Creditor in service list; no balance disclosed in the record. · page: 23 · debtor: Advance Marble & Granite Ltd. · creditor: The Bank of Nova Scotia · currency: CAD · security: PPSA registration against equipment, other, and motor vehicle collateral (currency to Feb 3, 2026)
- unsecured creditorsnote: Priority payables/deemed-trust class claim; no amount stated in the record. · page: 25 · basis: Affidavit statement that 'priority payables are owed by the Debtors to Canada Revenue Agency' · debtor: Advance Marble & Granite Ltd. and RNB Stone Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Exact dated balance per demand letter dated January 27, 2026 (Schedule A). Default Letter of same date states aggregate (both debtors) indebtedness as 'over $6 million' (prose approximation); Notice of Application states TD owed 'in excess of $6.2 million' as at February 4, 2026 (aggregate, prose). Affidavit (Feb 10, 2026) itemizes Advance Marble's debt to TD by facility without a stated total: Operating Loan $4,991,693.04, Visa Loans $109,096.35, TDEF Contracts $1,020,313.04 (excludes legal/professional costs) - components only, not summed. Debt also guaranteed by AMG Group Ltd., JLV Corp. and Renato Fabrizi (personal guarantor) per demand letter. · page: 297 · as of: 2026-01-27 · amount: 6264169.06 · debtor: Advance Marble & Granite Ltd. · creditor: The Toronto-Dominion Bank (including TD Equipment Finance Canada, a division thereof) · currency: CAD · security: General Security Agreement (all present and future personal property); Credit Agreement dated July 31, 2024 establishing Facility #1 Operating Loan (limit $5,000,000), Facility #2 Operating Loan (limit $1,000,000), Equipment Loans/Leases/Conditional Sales Contracts (aggregate limit up to $2,500,000), TD Visa Business Card Facilities ($100,000 and $50,000); TDEF Loan Agreements #23026710 ($112,264.07), #23035490 ($119,059.00), #24002210 ($136,000.43) and Master Equipment Lease T000006691, each secured by Security Agreements for Specified Assets; unlimited guarantee from RNB Stone Ltd. (cross-collateralized)
- secured creditorsnote: Exact dated balance per demand letter dated January 27, 2026 (Schedule A). Affidavit (Feb 10, 2026) itemizes RNB's debt to TD by facility without a stated total: Operating Loan $100,417.66, Visa Loans $13,026.76 (excludes legal/professional costs) - components only, not summed. Debt also guaranteed by AMG Group Ltd., JLV Corp. and Renato Fabrizi (personal guarantor) per demand letter. · page: 297 · as of: 2026-01-27 · amount: 64609.74 · debtor: RNB Stone Ltd. · creditor: The Toronto-Dominion Bank (including TD Equipment Finance Canada, a division thereof) · currency: CAD · security: General Security Agreement (all present and future personal property); unlimited guarantee from Advance Marble & Granite Ltd. for RNB Stone Ltd.'s debts (cross-collateralized)