Hello Sameerverma,
Looks like you are having hard time getting GIC - sorry to hear about that - infact i am in the same boat, but in a much worse situation .... i applied ofr GIC (very lately) and its been only 10 days (not a long wait compared to others who waited for more than 20 days), however, after reviewing several cases on the forum,, i understood that i cannot expect the whole process to finish (getting the final GIC) before first week of August.
Under these circumstances, i am thinking the following:
I got a bank loan for CDN $30K and currently have CDN$ 11,000 cash in my bank account, also a sponsorship note from my parents attached with a Chartered Accountant statement showing the evalaution of their assets. So i am thinking of submitting my visa application using these financial documents, along with a cover letter explaining the current "unexpectedly extraordinary" delay with GIC attaching my GIC application.
Whats your opinion on this? i dont want to wait until August kicks in, because on VFS website its clearly mentioned that its very unlikely to get approval of visa applications received after August 1st. On the other hand Scotia Bank mentioned that last date for funds transfer is July 26th... its very unlikely to have my GIC account before that date.
Your thoughts are appreciated.