Ontario · Receivership (court-appointed)
Application Record of the Applicant dated May 18, 2026
Application / notice of application · 18 May 2026
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 filing14 verified · 1 withheld
- applicantROYAL BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000101-0000
- proceeding typereceivership_court
- provinceONTARIO
- statutory basissubsection 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, as amended
- statutory basisSUBSECTION 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, AS AMENDED
- secured creditorsnote: Possible regulatory/Crown deemed-trust claim (e.g., provincial tax); specific class and amount not stated in the document. · page: 8 · creditor: His Majesty in Right of Ontario, represented by the Minister of Finance · currency: CAD · security: PPSA registration (listed on Service List as 'PPSA Creditor')
- secured creditorsnote: Aggregated per Service List PPSA-creditor designations: Riordan Leasing Inc. (2 registrations), CWB National Leasing Inc., TD Equipment Finance Canada, VFS Canada Inc., Ford Credit Canada Leasing (2 registrations), eCapital Freight Factoring, Inc., Siemens Financial Ltd./Siemens Services Financiers Ltee, BMW Canada Inc., VW Credit Canada Inc., Meridian OneCap Credit Corp. (2 registrations), Bank of Montreal, Mitsubishi HC Capital Canada Leasing, Inc., Geolin Credit-Bail Inc. Individual amounts not stated. · page: 9 · debtor: International Trucking Incorporated (ITI) · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA registrations against ITI's serialized equipment/vehicles (ITI has over 55 PPSA registrations against it)
- secured creditorsnote: Registered after RBC per certified PPSA search results (current as of January 25, 2026); RBC is otherwise the only registered general secured creditor of ITI. Amount not stated. · page: 63 · as of: 2026-01-25 · debtor: International Trucking Incorporated (ITI) · creditor: Cashflow Finance · currency: CAD · security: PPSA registration against ITI
- secured creditorsnote: Balance per Initial ITI Demand Letter; components: Operating Loan $3,027,388.89, Visa Facility ending 9817 $20,806.50, Visa Facility ending 6493 $263,010.88. Affidavit separately describes aggregate arrears across both Debtors as 'nearly $11 million' (approximation, see exact demand total below). Personal guarantee held from Zoran Matkovic (individual, related party). · page: 71 · as of: 2025-06-05 · amount: 3311206.27 · debtor: International Trucking Incorporated (ITI) · creditor: Royal Bank of Canada · currency: CAD · security: ITI GSA dated June 28, 2022, registered under the PPSA (covering Inventory, Equipment, Accounts, Other, Motor Vehicle); guaranteed by 1000563626 Ontario Inc. (626, limited $4,350,000) and personally by Zoran Matkovic (limited $3,700,000)
- secured creditorsnote: Components: Revolving Lease Line (344576137-003) $2,327,216.27, Auto Finance Term Loan (49601355-001) $2,924.94, Auto Finance Term Loan (70206314-001) $117,473.52. The two Auto Finance Term Loans were repaid by the Debtors in early September 2025 (post as-of date). · page: 72 · as of: 2025-06-17 · amount: 2447614.73 · debtor: International Trucking Incorporated (ITI) · creditor: Royal Bank of Canada · currency: CAD · security: ITI GSA dated June 28, 2022, registered under the PPSA
- secured creditorsnote: Total principal and interest owing collectively by the Debtors to RBC as set out in the Demand Letters, exclusive of legal fees, disbursements and accruing interest (defined as the 'Indebtedness'); equals the sum of the ITI and 626 facility balances reported separately above. · page: 72 · as of: Demand Letters (June 6 and June 18, 2025) · amount: 10868076.36 · debtor: International Trucking Incorporated and 1000563626 Ontario Inc. (collectively) · creditor: Royal Bank of Canada · currency: CAD · security: ITI GSA, 626 GSA, 626 Mortgage, Corporate Guarantees between ITI and 626, Personal Guarantees of Zoran Matkovic
- secured creditorsnote: 626 Term Loan matured August 30, 2025 and has not been repaid. The $6,252,000 mortgage figure is the registered collateral charge amount, not a stated balance. Personal guarantee held from Zoran Matkovic (individual, related party). · page: 72 · as of: 2025-06-17 · amount: 5109255.36 · debtor: 1000563626 Ontario Inc. (626) · creditor: Royal Bank of Canada · currency: CAD · security: 626 GSA dated August 21, 2023; 626 Mortgage/collateral charge in the registered amount of $6,252,000 against 1439 Gingerich Road, Wilmot, Ontario (instrument no. WR1530480, RBC is only registrant on title); guaranteed by ITI (limited $5,314,000) and personally by Zoran Matkovic (limited $650,000)
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.