Quebec · Receivership (court-appointed)
Motion dated September 18, 2025
Application / notice of application · 18 September 2025
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What we verified from this filing13 verified
- applicantBANQUE ROYALE DU CANADA
- appointeeRestructuration Deloitte inc.
- appointee roleSéquestre proposé
- courtCOUR SUPÉRIEURE (Chambre commerciale)
- court file no540-11-012578-250
- proceeding typereceivership_court
- provinceQUÉBEC
- statutory basisArticles 31 et 243 de la Loi sur la faillite et l'insolvabilité
- statutory basisArticles 31 et 243 de la Loi sur la faillite et l'insolvabilité
- secured creditorsnote: Amount is a stated floor ('au moins' / at least) as of 2025-09-03 per para 7, detailed in the balance confirmation (Pièce R-6, referenced in text as dated 2025-08-19 though the exhibit list describes R-6 as a statement dated 2025-09-03 — discrepancy in document). An earlier demand letter dated 2025-07-18 (Pièce R-12) stated a total amount then due of $3,693,578.74 (CAD), sauf à parfaire en intérêts et frais, payable by 2025-08-25; RBC also issued a Notice under CCQ art. 2757 (Préavis CCQ) and a s.244 BIA notice on 2025-07-21/24 (RDPRM #25-0956205-0001). Personal guarantee (cautionnement solidaire) dated 2025-02-24 by Julien Duchesne-Gariépy (director/shareholder/president of debtor — related party) up to $1,650,000 plus interest. Corporate guarantee (cautionnement solidaire) dated 2025-02-24 by Investissements Kingsboro Ltée (related party) up to $3,750,000 plus interest. Debtor made an assignment in bankruptcy to trustee M. Roy et Associés Inc. on 2025-08-21; receiver's preliminary report (2025-09-09) indicates it is 'invraisemblable' that realization of assets will fully repay RBC. · page: 3 · as of: 2025-09-03 · amount: 3778329.77 · debtor: Construction Kingsboro Inc. · creditor: Banque Royale du Canada (RBC) · currency: CAD · security: Three moveable hypothecs (hypothèques mobilières sans dépossession) registered against all present and future movable property of the debtor: (1) $4,312,500 registered 2025-02-24, RDPRM #25-0213622-0001; (2) $2,300,000 registered 2024-02-07, RDPRM #24-0136938-0001; (3) $230,000 registered 2021-10-14, RDPRM #21-1109974-0001 (also covers receivables). These are registered/registration ceiling amounts, not outstanding balances. Also: global inscription of the Convention de crédit-bail (lease agreement) dated 2021-12-15, registered 2021-12-22 under RDPRM #21-1384318-0001, covering the universality of movable property leased by RBC as lessor to the debtor.
- unsecured creditorspage: 6 · as of: 2025-06-30 · basis: Default judgment rendered against the debtor (Court file 415-17-001877-251) · amount: 106915.58 · debtor: Construction Kingsboro Inc. · creditor: Distribution R. Désilets Inc. · currency: CAD
- unsecured creditorsnote: Document states these three claims together total 'plus de 275 000$' (more than $275,000 CAD) without breaking down the amount per individual creditor; amount left null per reporting rules against inferring individual splits. · page: 6 · as of: 2025-05-15 to 2025-06-19 · basis: Lawsuits filed against the debtor: Techni-Arp Inc. (2025-06-19, Court file 200-22-098375-256), JMV Construction Inc. (2025-05-15, Court file 350-17-000039-258), 9304-7033 Québec Inc. (Court file 500-17-134459-257) · debtor: Construction Kingsboro Inc. · creditor: Techni-Arp Inc., JMV Construction Inc. and 9304-7033 Québec Inc. (combined litigation claims) · currency: CAD
- unsecured creditorspage: 6 · as of: 2025-07-15 · basis: Lawsuit filed against the debtor (Court file 500-17-134808-255) · amount: 380797.27 · debtor: Construction Kingsboro Inc. · creditor: Atwill Morin Béton · currency: CAD