Cheema Carriers Corp. and 1000083465 Ontario Inc. were placed in court-appointed receivership on February 18, 2026 under section 243 of the Bankruptcy and Insolvency Act, on the application of Bank of Montreal. BMO's demand letters put the debtors' joint and several indebtedness at $10,555,140.14 as at April 17, 2025, a multi-currency total including US$10,600.91 and comprising the Cheema revolving and card facilities and an 8,497,156.55 mortgage facility owing by 465 Ontario. The bank holds general security agreements over substantially all personal property of both debtors, a charge registered February 1, 2022 against 860 Progress Court, Oakville, and guarantees from Baseerat Mansoor, Faraz Elahi and Naila Ejaz. Of 28 PPSA registrations against Cheema, 11 rank prior to BMO's and are limited to specific equipment, inventory or vehicles. The proceeding is active.
The officer filed report no. First Interim Report. The Receiver holds real property at 860 Progress Court and continues to collect rent from the current tenant while marketing the property for sale; no employees or secured wage claims were identified.
Sale Process Approval and Ancillary Relief Order (June 16, 2026) was filed.
Source: Sale Process Approval and Ancillary Relief Order (June 16, 2026)
Supplemental Report to the Second Report of the Receiver (June 4, 2026) — Court officer report
Supplementary Motion Record of the Receiver (May 27, 2026) — Application / notice of application
The court appointed Goldhar & Associates Ltd. as receiver and manager, on the application of Bank of Montreal. Court file CV-25-00742000-00CL.
Aide Memoire – Bank of Montreal (Applicant) (December 3, 2025) — Application / notice of application
Reply Record – Bank of Montreal (Applicant) – Receivership Application (June 2025) — Application / notice of application
Filing brief
Cheema Carriers: the contempt motion that became a compliance order
A receiver appointed in February said it still had no books, no access to the debtors' systems, and no complete picture of the assets, and moved to hold the principal in contempt. At the hearing the judge sent counsel out of the room. They came back with an agreed order carrying the same compliance provisions and no finding of contempt — and, separately, a production order against the accountant, the dispatch software vendor and two other trucking companies.
Debtor
Cheema Carriers Corp. and 1000083465 Ontario Inc.
Applicant
Bank of Montreal
Receiver
Goldhar & Associates
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 7 orders, May 2025 – Apr 2026 | 89 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, Jun 2026 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverGoldhar & Associates | Reconstruct LLP | 12 Jun 2026 | Factum · 12 Jun 2026 |
| ApplicantBank of Montreal | Torys LLP | 3 Jun 2025 | Application · 3 Jun 2025 |
| DebtorCheema Carriers Corp. and 1000083465 Ontario Inc. | Professional Corporation | 11 Jun 2025 | Factum · 11 Jun 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| PMSI / lessors | Bank of Montreal · in 279 casesFirst-ranking security interest in substantially all present and future personal property of both Debtors (Cheema GSA dated Jan 31, 2022; 465 Ontario GSA dated Jan 27, 2022), registered under Ontario PPSA; charge/mortgage registered Feb 1, 2022 against Real Property (860 Progress Court, Oakville, PIN 24848-0050) in registered amount of $10,050,000 (registration ceiling, not a balance) plus assignment of rents; insurance assignments from both Debtors; cross-guarantees: 465 Ontario and personal guarantors (Baseerat Mansoor, Faraz Elahi, Naila Ejaz) guarantee Cheema's Indebtedness up to $2,167,00 · as of 17 Apr 2025 | $10.6M | Application Record dated April 28, 2025 |
| PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesSerialized/specific equipment, inventory and/or motor vehicle collateral (limiting collateral descriptions) registered under Ontario PPSA — 28 total PPSA registrations against Cheema Carriers Corp., of which 11 are prior in time to the Applicant's (BMO's) registration; each such prior registration has a limiting collateral description describing specific equipment, inventory and/or motor vehicles (PMSI-type). Applicant's PPSA registrations are the only registrations against 465 Ontario. Individual PPSA equipment financiers named on service list include TFG Financial Corporation, Lbel Inc., CWB | — | Application Record dated April 28, 2025 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This 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.
Sale process approved — the Sale Process, as described in the Second Report, be and is hereby approvedSale Process Approval and Ancillary Relief Order (June 16, 2026) · 16 Jun 2026
2 engagements · 2 firms — latest: Reconstruct LLP, 25 Apr 2025 – 31 Mar 2026, $52,355.50 approvedSupplementary Motion Record of the Receiver (May 27, 2026) · 27 May 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Goldhar & Associates Ltd.Receiver | 16 Jun 2025 – 22 Mar 2026Approvedorder 5 May 2026 | 245.6 | — | $570.61stated average | Supplementary Motion Record of the Receiver (May 27, 2026) · 27 May 2026 |
| Reconstruct LLPCounsel to the receiver | 25 Apr 2025 – 31 Mar 2026Approvedorder 5 May 2026 | 80.9 | $52,355.50ex. tax | $647.16stated average | Supplementary Motion Record of the Receiver (May 27, 2026) · 27 May 2026 |
Cumulative receipts
$558K
As at 4 Aug 2026Interim Report of the Receiver (August 4, 2026)
Cumulative disbursements
$558K
As at 4 Aug 2026Interim Report of the Receiver (August 4, 2026)
| Date | Document | File |
|---|---|---|
Interim Report of the Receiver (August 4, 2026)
| ||
Compliance and Production Order (June 16, 2026)
| ||
Endorsement (June 16, 2026)
| ||
Sale Process Approval and Ancillary Relief Order (June 16, 2026)
| ||
| Schedule 2 with Faraz Cheema's Response | ||
Reply Factum of the Receiver (June 12, 2026)
| ||
| Factum of Faraz Cheema (June 10, 2026) | ||
| Brief of Transcripts (June 4, 2026) | ||
| Supplemental Report to the Second Report of the Receiver (June 4, 2026) | ||
| Factum of the Receiver (June 3, 2026) | ||
Supplementary Motion Record of the Receiver (May 27, 2026)
| ||
| Motion Record of the Receiver (May 5, 2026) | ||
Endorsement (April 27, 2026)
| ||
Aide Memoire of the Receiver (April 23, 2026)
| ||
Appointment Order (February 18, 2026)
| ||
Endorsement (February 18, 2026)
| ||
Aide Memoire – Bank of Montreal (Applicant) (December 3, 2025)
| ||
Endorsement (December 3, 2025)
| ||
| Aide Memoire – Bank of Montreal (Applicant) (October 3, 2025) | ||
Bank of Montreal v. Cheema Carriers Corp. et al. (October 3, 2025)
| ||
Endorsement (June 16, 2025)
| ||
Factum – Respondents (June 11, 2025)
| ||
| Supplementary Responding Record – Respondents (June 4, 2025) | ||
Reply Record – Bank of Montreal (Applicant) – Receivership Application (June 2025)
| ||
| Debtors' Responding Record (May 30, 2025) | ||
Endorsement (May 14, 2025)
| ||
| Affidavit of Faraz Cheema – Respondents (May 12, 2025) | ||
Application Record dated April 28, 2025
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Cheema Carriers Corp. and 1000083465 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/cheema-carriers-corp-and-1000083465-ontario-inc
Sources last checked · summary updated 7 August 2026 · Report a correction · Printed from proceedings.ca/case/cheema-carriers-corp-and-1000083465-ontario-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.