Express GT Parts Serve Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Express GT Parts Serve Inc. has been in a court-appointed receivership under section 243 of the BIA in the Ontario Superior Court of Justice since October 23, 2023, and the proceeding is now closed. The application followed Royal Bank of Canada demands issued against related borrowers: $757,296.07 as at March 9, 2023 under a revolving demand facility to GT Parts Serve Ltd., and $200,722.49 as at the same date from 2696009 Ontario Inc. on a business operating line, VISA account and CEBA loan. RBC also holds a $1,837,500.00 charge registered November 2, 2021 against 15958 Airport Road, Caledon, and general security agreements. Uni-Select Canada Inc. and Bank of Montreal appear as registered PPSA secured creditors, amounts unstated.
8 earlier updates, back to 23 October 2023 — subscribers.
Debtor
Express GT Parts Serve Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Nov 2024 | 179 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Oct 2023 | 285 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Aird & Berlis LLP | 19 Jun 2023 | Service list · 19 Jun 2023 |
| DebtorExpress GT Parts Serve Inc. | Aird & Berlis LLP | 19 Jun 2023 | Service list · 19 Jun 2023 |
| CreditorBank of Montreal | Lipman, Zener & Waxman Pc | 19 Jun 2023 | Service list · 19 Jun 2023 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 14 Aug 2023 | Factum · 14 Aug 2023 |
| CreditorSamreet Bal and Jaskirat Gill | Kesarwani Law Office | 19 Jun 2023 | Service list · 19 Jun 2023 |
| CreditorUni-Select Canada Inc | McCarthy Tétrault LLP | 19 Jun 2023 | Service list · 19 Jun 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral security agreement dated October 22, 2021; GTPS Credit Agreement dated August 25, 2021 as amended February 15, 2023; PPSA registrations covering Inventory, Equipment, Accounts, Other, Motor Vehicle — Demand letter amount as at March 9, 2023 (revolving demand facility: principal $755,546.93 + interest $1,749.14); prose in application/affidavit also cites $757,296.07 — debtor: GT Parts Serve Ltd. (GTPS) · as of 9 Mar 2023 | $757K | Application Record of RBC dated June 7, 2023 |
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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Discharge Order of the Honourable Justice Penny dated November 5, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Penny dated November 5, 2024.
| PDF · Subscribers | |
Endorsement of the Honourable Justice Conway dated October 23, 2023
| PDF · Subscribers | |
Receivership Order of the Honourable Justice Conway dated October 23, 2023
| PDF · Subscribers | |
Supplementary Factum of RBC dated October 12 2023
| PDF · Subscribers | |
Factum of RBC dated August 14, 2023
| PDF · Subscribers | |
| Affidavit of Tina Swanson of BMO dated July 17, 2023 | PDF · Subscribers | |
Endorsement of the Honourable Justice Steele dated June 19, 2023
| PDF · Subscribers | |
Service List as at June 19, 2023
| PDF · Subscribers | |
| Aide Memoire of RBC dated June 16, 2023 | PDF · Subscribers | |
Application Record of RBC dated June 7, 2023
| 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., “Express GT Parts Serve Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/express-gt-parts-serve-inc