#Sale
Approval and Vesting Order of the Honourable Justice Fowler-Byrne dated September 18, 2026 — Approval and vesting order
Arkle Motor Freight Inc.
ClosedFollow
- Proceeding
- Receivership (court-appointed)SUBSECTION 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
- File
- CV-24-00005631-0000
- Industry
- Transportation & logistics · Trucking & freight
OverviewSummary updated
Arkle Motor Freight Inc. was placed in court-appointed receivership by the Ontario Superior Court of Justice on April 4, 2025, on the application of Royal Bank of Canada, with msi Spergel Inc. appointed receiver under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, court file CV-24-00005631-0000. On October 25, 2024 RBC had demanded $3,265,650.84 from guarantor 15383960 Canada Inc. under two credit facilities, one of them Arkle's revolving credit line, and served notice of its intention to enforce its security. The proceeding is now closed.
Proceedings AIOpen Proceedings AI
Case updates9 dated entries
#Order
The court appointed msi Spergel Inc. as receiver, on the application of Royal Bank of Canada. Court file CV-24-00005631-0000.
Source: Order of the Honourable Justice Doi dated April 4, 2025
#Order
An initial order was granted. Court file CV-24-00005631-0000.
Source: Order of the Honourable Justice Bloom dated January 16, 2025
#Filing
Application Record of the Applicant dated December 6, 2025 — Application / notice of application
AnalysisAll insights
Outcome brief
Arkle Motor Freight: RBC's receivership closes on a Brampton condominium unit
RBC demanded $3,265,650.84 from a Caledon trucking company and its real estate holding company in October 2024; seventeen months into a consent receivership, Justice Fowler Byrne approved msi Spergel's sale of the holding company's Brampton unit to 17222190 Canada Inc., sent the balance of the estate to the bank and discharged the receiver on September 18, 2026.
Parties
Debtor
Arkle Motor Freight Inc.
Receiver
msi Spergel inc.
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Fowler-Byrne | Ontario Superior Court of Justice | 3 orders, Jan 2025 – Sep 2026 | 7 cases on record |
| Justice Doi | Ontario Superior Court of Justice | 2 orders, Apr 2025 | 7 cases on record |
| Justice Bloom | Ontario Superior Court of Justice | 2 orders, Jan 2025 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Aird & Berlis LLP | 16 Jan 2025 | Order · 16 Jan 2025 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 3 Jan 2025 | Factum · 3 Jan 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesGeneral Security Agreement dated November 11, 2023 granted by 15383960 Canada Inc. over all its property, assets and undertakings; charge/mortgage on real property known as Unit B7 22, 20 Newkirk Court, Brampton, ON (PIN 20135-0022 (LT)); General Assignment of Rents dated November 21, 2023; written guarantee and postponement of claim dated November 11, 2023 by 15383960 Canada Inc. of Arkle Motor Freight Inc.'s obligations, limited to principal of $1,433,378 plus interest from date of demand. Amount comprises: 153 Credit Agreement Term Facility 77804749-001 $1,996,061.33; Arkle Credit Agreement · as of 25 Oct 2024 | $3.27M | Application Record of the Applicant dated December 6, 2025 |
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors |
3 more claims in 2 classes The stack holds Secured and PMSI / lessors claims.
Every creditor and every amount.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Documents
9 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order of the Honourable Justice Fowler-Byrne dated September 18, 2026
| PDF · Subscribers | |
Discharge and Ancillary Order of the Honourable Justice Fowler-Byrne dated September 18, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Doi dated April 4, 2025
| PDF · Subscribers | |
Order of the Honourable Justice Doi dated April 4, 2025
| PDF · Subscribers | |
Endorsement of The Honourable Justice Byrne dated January 30, 2025
| PDF · Subscribers | |
Endorsement of The Honourable Justice Bloom dated January 16, 2025
| PDF · Subscribers | |
Order of the Honourable Justice Bloom dated January 16, 2025
| PDF · Subscribers | |
Factum of the Applicant dated January 3, 2025
| PDF · Subscribers | |
Application Record of the Applicant dated December 6, 2025
| 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., “Arkle Motor Freight Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/arkle-motors-freight-inc