Proceedings.

8438048 Canada Inc.

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
Court
Ontario Superior Court of Justice · Commercial List
File
CV-24-00729834-00CL
Industry
Transportation & logistics · Trucking & freight
Filings held29
Last activity17 Mar 2026
On the record701 days
Secured debtSubscribers
OverviewSummary updated

8438048 Canada Inc. is the subject of an insolvency proceeding under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced on December 4, 2024 under court file number CV-24-00729834-00CL. The proceeding began that same day with a receivership order granted by the court. The matter remains active, and the record discloses no steps taken after the December 4, 2024 order.

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Case updates29 dated entries
Parties

Debtor

8438048 Canada Inc.

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PennyOntario Superior Court of Justice4 orders, Mar 2025196 cases on record
Justice ConwayOntario Superior Court of Justice3 orders, Apr 2025 – May 2025310 cases on record
Justice BlackOntario Superior Court of Justice3 orders, Dec 2024 – Jan 2025198 cases on record
Justice OsborneOntario Superior Court of Justice2 orders, May 2025168 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverBDOFasken Martineau DuMoulin LLP4 Dec 2024Service list · 4 Dec 2024
ApplicantCanadian Western BankCassels Brock & Blackwell LLP4 Dec 2024Service list · 4 Dec 2024
CreditorB.J.SAGL Law Professional Corporation21 May 2025Service list · 21 May 2025
CreditorBVD Equipment FinanceSimmons Da Silva LLP4 Dec 2024Service list · 4 Dec 2024
CreditorBVD Equipment Finance IncSimmons Da Silva LLP10 Dec 2024Service list · 10 Dec 2024
CreditorDaimler Truck FinancialLoopstra Nixon LLP4 Dec 2024Service list · 4 Dec 2024
CreditorDaimler Truck Financial Services Canada CorporationLoopstra Nixon LLP10 Dec 2024Service list · 10 Dec 2024
CreditorDhanbir JaswalJaswal Law4 Dec 2024Service list · 4 Dec 2024
CreditorEngland Carrier ServicesWeirFoulds LLP6 Mar 2025Service list · 6 Mar 2025
CreditorFarm Credit CanadaHarrison Pensa LLP4 Dec 2024Service list · 4 Dec 2024
CreditorJordan SchultzDentons Canada LLP21 May 2025Service list · 21 May 2025
CreditorMitsubishi and Riordan LeasingHarrison Pensa LLP4 Dec 2024Service list · 4 Dec 2024
CreditorMitsubishi HC Capital Canada Leasing, IncHarrison Pensa LLP10 Dec 2024Service list · 10 Dec 2024
CreditorPatrick Di MonteDi Monte & Di Monte LLP26 Mar 2025Service list · 26 Mar 2025
CreditorPaul Motor LeasingDerman Law4 Dec 2024Service list · 4 Dec 2024
CreditorTFG Financial CorporationEvangelista LLP6 Mar 2025Service list · 6 Mar 2025
Capital structureAs asserted in the filings
#Priority classCreditorAmountSource
4SecuredCanadian Western Bank · in 83 casesGeneral security agreement dated July 24, 2023 over all present and after-acquired property of AMG; security agreements over equipment and motor vehicles financed pursuant to equipment loans — Stated as 'approximately' CAD$6,399,155 inclusive of accrued interest and costs, per Hamblin Affidavit sworn Nov 14, 2024. Also secured by personal guarantee of Narinder Shoker (director), dated July 28, 2023 (guarantor, not a separate secured creditor - individual). A separate 'Schedule B' creditor listing (undated) elsewhere in the record shows CWB's claim as $5,138,802.03 CAD, a different figure with · as of 12 Nov 2024$6.4MMotion Record of Receiver dated February 28 2025 - Volume 1 of 4
4Secured
4Secured
5PMSI / lessors
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

220 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.

Every creditor and every amount.

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Sale processAs stated in the filings

Sale approved — Auction Agreement approved and vesting authorizedOrder (Sale Approval and Lien Discharge) dated May 16, 2025 · 16 May 2025

PurchaserPriceStatusSource
end purchasers of Vehicles at auction, unnamedthe Vehicles · auctionnot statedApproved16 May 2025Order (Sale Approval and Lien Discharge) dated…
AdvisorsRitchie Bros. Auctioneers (auctioneer)Order (Sale Approval and Lien Discharge) dated May 16, 2025
Sealed materialsConfidential Appendix to the Receiver's Second ReportOrder (Sale Approval and Lien Discharge) dated May 16, 2025
Estate financialsReported figures — never derived
Total assets at filing

As at ·

The total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
29 filings
DateDocumentFile
Auction Sale Approval and Lien Discharge Order - Updated Schedule A - 17-MAR-2026
PDF · Subscribers
Auction Sale Approval and Lien Discharge Order - Updated Schedule A - dated September 2, 2025
PDF · Subscribers
Service List - dated September 2, 2025
  • Counsel Di Monte & Di Monte LLP
PDF · Subscribers
Service List – dated May 21, 2025
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Order dated May 20, 2025
  • Counsel Fasken Martineau Dumoulin LLP
  • Presiding officer Justice Conway
PDF · Subscribers
Endorsement dated May 16, 2025
  • Presiding officer Justice Osborne
PDF · Subscribers
Order (Sale Approval and Lien Discharge) dated May 16, 2025
  • Counsel FASKEN MARTINEAU DuMOULIN LLP
  • Order date 16 May 2025
  • Presiding officer Justice Osborne
  • Purchaser end purchasers of Vehicles at auction, unnamed · the Vehicles · auction · approved
  • + 4 more extracted facts
PDF · Subscribers
Third Supplemental Motion Record of Receiver dated May 14, 2025PDF · Subscribers
Motion Record, dated May 7, 2025PDF · Subscribers
Canadian Western Bank v 8438048 Canada Inc. - Signed Order dated April 8 2025
  • Counsel Fasken Martineau Dumoulin LLP
  • Presiding officer Justice Conway
PDF · Subscribers
Canadian Western Bank v. 8438048 Canada Inc. -Endorsement dated April 8 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Supplemental Motion Record of Receiver dated April 4, 2025PDF · Subscribers
Service List – dated March 26, 2025
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Asset Recover Order dated March 11, 2025
  • Counsel Fasken Martineau Dumoulin LLP
  • Presiding officer Justice Penny
PDF · Subscribers
Bankruptcy Assignment Order dated March 11, 2025
  • Counsel Fasken Martineau Dumoulin LLP
  • Presiding officer Justice Penny
PDF · Subscribers
Endorsement dated March 11, 2025
  • Presiding officer Justice Penny
PDF · Subscribers
Examination and Production Order dated March 11, 2025
  • Counsel Fasken Martineau Dumoulin LLP
  • Presiding officer Justice Penny
PDF · Subscribers
Supplemental Motion Record of Receiver dated March 10, 2025
  • Counsel Fasken Martineau Dumoulin LLP
PDF · Subscribers
Service List - dated March 6, 2025
  • Counsel Harrison Pensa LLP
PDF · Subscribers
Motion Record of Receiver dated February 28 2025 - Volume 1 of 4
PDF · Subscribers
Motion Record of Receiver dated February 28 2025 - Volume 2 of 4PDF · Subscribers
Motion Record of Receiver dated February 28 2025 - Volume 3 of 4PDF · Subscribers
Motion Record of Receiver dated February 28 2025 - Volume 4 of 4PDF · Subscribers
Amended and Restated Receivership Order dated January 16, 2025
  • Applicant Canadian Western Bank
  • Appointee BDO Canada Limited
  • Appointee role receiver and manager
  • Commencement date 16 January 2025
  • + 6 more extracted facts
PDF · Subscribers
Endorsement dated January 16, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Receiver's Initial Notice and Statement
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Service List dated December 12 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Receivership Order - dated December 4, 2024
  • Appointee role receiver and manager
  • Commencement date 4 December 2024
  • Counsel How: operator-correction · Firm: Cassels Brock & Blackwell LLP · For role: applicant · For text: Canadian Western Bank · Firm party id: 7d76f7da-08bc-444d-bcf9-501fb2b2cd4b
  • Court SUPERIOR COURT OF JUSTICE
  • + 5 more extracted facts
PDF · Subscribers
Service List - dated December 4, 2024
  • Counsel Harrison Pensa LLP
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “8438048 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/8438048-canada-inc

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/8438048-canada-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.