Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated November 2, 2026
Application / notice of application · 2 November 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 filing4 verified
- secured creditorsnote: The RBC Indebtedness is referenced as a defined term but no dollar amount is stated on these pages. Personal guarantors noted by role only (directors/related parties). Receivership Order dated January 30, 2026 permits Receiver borrowings up to $150,000 ranking ahead of RBC. · page: 19 · debtor: 10337200 Canada Inc. d/b/a Overland East Transportation · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement over the Property (the RBC Security), plus limited guarantees and postponements of claim from Farhan Zafar Butt, Aslim Hussain and Sana Pervaiz; senior secured creditor. Receiver's independent review of the RBC Security was completed by Gowlings; the Receiver is not aware of any claims that would take priority over the RBC Security.
- secured creditorsnote: The Receiver, through Gowlings, reviewed 'numerous purchase money security interests registered in respect of the rolling stock'; no creditors or amounts are named on these pages. Separately, certain equipment held by Fastek and Weld appears to be leased through TFG Financial Corporation and Bodkin (a division of Bennington Financial Corp.) / Concentra Bank; this is third-party leased equipment, not addressed at the motion. · page: 22 · debtor: 10337200 Canada Inc. d/b/a Overland East Transportation · creditor: PPSA purchase money security interest registrants (rolling stock) · currency: CAD · security: Purchase money security interests registered against the rolling stock
- unsecured creditorsnote: Asserted and unparticularized; validity, quantum and priority not determined. Receiver seeks delivery of the equipment, with any lien claim preserved against sale proceeds with the same priority. Not an adjudicated claim. · page: 23 · basis: Asserted possessory lien under the Repair and Storage Liens Act for unpaid repair invoices on two 2024 Volvo VNL units; no invoices or amounts provided · debtor: 10337200 Canada Inc. d/b/a Overland East Transportation · creditor: Fastek Truck Repairs Inc. · currency: CAD
- unsecured creditorsnote: Asserted and unparticularized; validity, quantum and priority not determined. Claim to be preserved against sale proceeds with the same priority. · page: 25 · basis: Asserted possessory lien under the Repair and Storage Liens Act for outstanding repair invoices; no invoices or particulars provided · debtor: 10337200 Canada Inc. d/b/a Overland East Transportation · creditor: Weld & Go Trailer (Bilkhu Trailer Repairs Inc.) · currency: CAD