Ontario · Receivership (court-appointed)
Application Record dated September 15, 2025 (Part 2 of 3)
Application / notice of application · 15 September 2025
What we verified from this filing6 verified
- secured creditorsnote: Aggregated per PMSI-equipment-financier convention. Comprises: Mitsubishi HC Capital Canada, Inc. (Ontario reg. 516780414, reg. date 2025-05-30, various construction equipment incl. Volvo/John Deere/Willys units, pgs 3-8); Bank of Nova Scotia (AB reg. 22062928480, 2022-06-29, two 2022 Ram 5500 service trucks, p.64); HD Hyundai Infracore North America LLC (AB reg. 23092706773, 2023-09-27, equipment financed by secured party, pp.74-75); Vault Credit Corporation (AB reg. 23100523702, 2023-10-05, 2023 Heli forklift, pp.76-77); Tailor-Made Auto Credit (a div. of Londonderry Plymouth) (AB reg. 23110717383, 2023-11-07, 2023 Dodge Ram 1500, p.78); Mitsubishi HC Capital Canada Leasing, Inc. (AB reg. 24011925809, 2024-01-19, p.79); RCAP Leasing Inc. (Ontario file 512715069, reg. 2025-01-16, equipment leased from time to time, p.10). No dollar amounts are stated in any of these PPSA/PPR registrations. · page: 3 · as of: various registration dates 2022-2025 · debtor: Jade Equipment Co. Ltd. (one registration also names Trenchless Utility Equipment Inc. and Elvaan Group Inc. as co-debtors) · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized equipment / purchase-money-type security interests over specific machinery and vehicles
- secured creditorsnote: Blanket all-property registrant; no dollar amount stated in PPSA registration · page: 9 · as of: 2025-01-29 · debtor: Jade Equipment Co. Ltd. · creditor: Huntington Commercial Finance Canada, Inc. · currency: CAD · security: General security agreement - blanket registration over consumer goods, inventory, equipment, accounts, other (Ontario PPSA registration no. 513033282; registration no. 20250129 1413 1590 5830)
- secured creditorsnote: Blanket inventory/equipment financing registrant; no dollar amount stated · page: 61 · as of: 2020-07-09 · debtor: Jade Equipment Co. Ltd. · creditor: De Lage Landen Financial Services Canada Inc. · currency: CAD · security: Security agreement over present and after-acquired inventory, machinery, equipment, parts and related receivables (Alberta PPR registration 20070936087; renewed 2025-Apr-21, secured party address amended 2025-Apr-30)
- secured creditorsnote: Blanket all-property registrant; no dollar amount stated · page: 83 · as of: 2025-04-28 · debtor: Jade Equipment Co. Ltd. · creditor: Mitsubishi HC Capital Canada Leasing, Inc. · currency: CAD · security: General security agreement over the whole undertaking and all present and future property, real and personal (Alberta PPR registration 25042814657)
- secured creditorsnote: Registered by a representative filer on behalf of an undisclosed secured party; no dollar amount stated · page: 84 · as of: 2025-05-22 · debtor: Jade Equipment Co. Ltd. · creditor: First Corporate Solutions, as representative · currency: CAD · security: Security interest in all accounts, accounts receivable, contracts, deposit accounts, general intangibles, records, and reserve account (Alberta PPR registration 25052206747)
- secured creditorsnote: Deemed-trust class GST/HST arrears; CRA pre-authorized debit repayment plan confirmation (account 125199463 RT0001): 24 monthly payments of $15,329.24 from 2025-11-03 to 2027-10-03, totaling $367,901.76. Document does not name the corporate debtor on its face; exhibit context (Exhibit 'V' to Jan Oros affidavit re Jade Equipment) suggests this is Jade Equipment Co. Ltd.'s account, but this is not stated on the page itself. · page: 115 · as of: 2025-08-27 · amount: 367901.76 · creditor: Canada Revenue Agency (CRA) · currency: CAD