Ontario · NOI
First Report to Court of the Proposal Trustee
Court officer report · 22 October 2024
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What we verified from this filing9 verified
- courtONTARIO SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
- court file noBK-24-03137745-0032
- provinceONTARIO
- appointeeDodick Landau Inc.
- appointee roleProposal Trustee
- commencement date4 October 2024
- secured creditorsnote: Although accompanied by a general security agreement, there is no registration in favour of RBC on the PPSA Report; security appears unperfected. Amount is approximate outstanding balance. · page: 7 · amount: 225000 · debtor: Datec Coating Corporation · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General security agreement pursuant to RBC Loan (HASCAP fixed term loan, original amount $250,000)
- secured creditorsnote: Delivered demand letter on September 26, 2024. Amount is approximate outstanding balance. · page: 7 · amount: 22000 · debtor: Datec Coating Corporation · creditor: De Lage Landen Financial Services Canada Inc. · currency: CAD · security: Equipment Leasing Agreement dated April 25, 2023
- secured creditorsnote: Company's principal secured creditor; delivered demand notice and Notice of Intention to Enforce Security under s.244(1) BIA on September 25, 2024 following default. Amount stated is approximate outstanding balance. · page: 7 · amount: 435000 · debtor: Datec Coating Corporation · creditor: Western Ontario Community Futures Development Corporation Association (WOCFDCA) · currency: CAD · security: Loan Agreement and Promissory Note dated July 29, 2022; original principal amount $500,000