Diamond Luxury, incorporated in 2020, operates a builder business from 1534 Dundas Street West in Mississauga, which is owned by 1000704900 Ontario Inc. Both companies are directed by Imran Ahmed. RBC provided Diamond Luxury with a $1.5 million revolving demand facility and $50,000 business credit card, while the numbered company received a $1.125 million non-revolving term loan secured in part by a $1.5 million collateral mortgage over the property. Ahmed and the companies also provided guarantees.
RBC issued demands and enforcement notices on February 26, 2026. The defaults later identified to the court included approximately ten months of failures to provide required financial reports, an approximately $29,000 business credit card…