Light Speed Logistics Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3, and section 13(2) of the Judicature Act, RSA 2000, c J-2
- File
- 2501-19759
Light Speed Logistics Inc., a transportation and logistics company specializing in the refrigerated transport of perishable food throughout North America, has been in a court-appointed limited receivership since December 8, 2025, when the Court of King's Bench of Alberta appointed Ernst & Young Inc. receiver over equipment financed by National Bank of Canada on the bank's application under section 243(1) of the BIA and section 13(2) of the Judicature Act. The bank's secured claim is recorded at US$9,046,358.39. The Receiver has secured 135 of 275 NBC Trailers, obtained a valuation and insurance, and pursued equipment seized by third parties including Adept, Nishan, Guru Kirpa, Ascent and C. Keay. An Invitation for Offers produced a superior offer from McDougall Auctioneers Ltd., approved February 5, 2026, with the auction to close on or about May 14, 2026. Court file 2501-19759.
A claims procedure has been established — see the order for deadlines.
Per the Order - Lien Claims Process - Filed April 13, 2026 dated 13 April 2026.
105 earlier updates, back to 8 December 2025 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Debtor
Light Speed Logistics Inc.
Applicant
National Bank of Canada,Business Development Bank of Canada,Canadian Imperial Bank of Commerce
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Simard | Court of King's Bench of Alberta | 8 orders, Jan 2025 – Mar 2026 | 25 cases on record |
| Justice Mah | Court of King's Bench of Alberta | 5 orders, Apr 2026 – Jun 2026 | 57 cases on record |
| Justice Bourque | Court of King's Bench of Alberta | 2 orders, Mar 2026 | 28 cases on record |
| Justice Marion | Court of King's Bench of Alberta | 2 orders, Feb 2026 | 24 cases on record |
Counsel of record
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Court-ordered charges | NBC Receiver's Charge — a first charge on the NBC Property in priority to all security interests, trusts, deemed trusts, liens, charges, and encumbrances, statutory or otherwise, in favour of any Person but subject to sections 14.06(7), 81.4(4) | $500K | Receivership Order |
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.
9 transactions · 8 closed · 1 proposed — the SFI Transaction closed on June 29, 2026; the Receiver received net proceeds and is proposing distributions to BDC and CIBCFirst Supplement to the Receiver's Fifth Report · 24 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| McDougall Auctioneers Ltd.the Debtor's right, title and interest in and to the assets described in the APA (the ' Purchased Assets ' ) · auction · nominee/assignee: its nominee · agreement 26 Jan 2026 | Subscribers | Closeddate not stated | 3. Third Report of the Receiver |
| various third parties under the Independent Sales Transactions, unnamedcertain NBC Trailers not included in the Invitation for Offers · asset sale | Sealed | Closed | 3. Third Report of the Receiver |
| SFI Properties Canada Inc.the Debtors' right, title and interest in and to the property described in the APA (the 'Purchased Assets') · real property · agreement 22 May 2026 | Subscribers | Closed29 Jun 2026 | Fifth Report of the Receiver |
| SFI Properties Canada Inc.the Real Property · real property · agreement 22 May 2026 | Subscribers | Proposed | Fourth Report of the Receiver |
| end purchasers of trailers at RBA auction, unnamedthe Auctioned Assets · auction | Subscribers | Closed19 May 2026 | Fourth Report of the Receiver |
| unnamedcertain NBC Trailers (Independent Sales Transactions) | not stated | Closeddate not stated | 3. Third Report of the Receiver |
| SFIthe Real Property Assets · real property | Subscribers | Closed | First Supplement to the Receiver's Fifth Report |
| unnamedthe Real Property | not stated | Closed29 Jun 2026 | First Supplement to the Receiver's Fifth Report |
| unnamedPurchased Assets listed on Appendix 1 hereto | not stated | Closeddate not stated | Receivers Certificate (Auction #1) |
Unsecured creditors: no distribution. BDC a distribution · CIBC a distribution.EstimatedTrustee's Preliminary Report to Creditors (May 13, 2026) · 13 May 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Garage Keepers | — | no distribution | Estimatedper the receiver | Fifth Report of the Receiver · 21 Jul 2026 |
| Secured | BDC | — | a distributionconditional | Estimatedper the receiver | First Supplement to the Receiver's Fifth Report · 24 Jul 2026 |
| SecuredBDC | Business Development Bank of Canada | — | a distributioninterim | Finalper the receiver | Fifth Report of the Receiver · 21 Jul 2026 |
| Secured | CIBC | — | a distributionconditional | Estimatedper the receiver | First Supplement to the Receiver's Fifth Report · 24 Jul 2026 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report to Creditors (May 13, 2026) · 13 May 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
5 engagements · 3 firms — latest: Gowling WLG (Canada) LLP, 3 Jun – 2 Jul 2026Affidavit of Jill Strueby, Sworn · 21 Jul 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Gowling WLG (Canada) LLPCounsel to the receiverperiod 2 of 2 | 3 Jun – 2 Jul 2026 | — | — | — | Affidavit of Jill Strueby, Sworn · 21 Jul 2026 |
| Gowling WLG (Canada) LLPCounsel to the receiverperiod 2 of 2 | 8 Dec – 2 Jul 2026Sought | — | — | — | Fifth Report of the Receiver · 21 Jul 2026 |
| MNP Ltd.Receiver | 1 Jun – 30 Jun 2026 | — | — | — | Affidavit of Jill Strueby, Sworn · 21 Jul 2026 |
| Miller Thomson LLPCounsel to the receiverperiod 2 of 2 | 13 Apr – 30 Jun 2026 | — | — | —8 people | Affidavit of Fees · 28 Jul 2026 |
| Miller Thomson LLPCounsel to the receiverperiod 1 of 2 | 1 Mar – 10 Apr 2026 | — | — | —5 people | Affidavit of Fees · 28 Jul 2026 |
| Date | Document | File |
|---|---|---|
| Brief of Law of the Applicant (September 16, 2026) | PDF · Subscribers | |
| Application (September 14, 2026) | PDF · Subscribers | |
Fourth Report of the Receiver (September 14, 2026)
| PDF · Subscribers | |
| Order (Distributions) | PDF · Subscribers | |
Approval of the Receiver's Fees and Activities, Interim Distribution
| PDF · Subscribers | |
| Affidavit of Sukhdeep Singh Sworn August 5, 2026 | PDF · Subscribers | |
Receivers Certificate (Auction #2)
| PDF · Subscribers | |
Receivers Certificate (Auction #1)
| PDF · Subscribers | |
Affidavit of Fees
| PDF · Subscribers | |
| Brief | PDF · Subscribers | |
| Sixth Report of the Receiver | PDF · Subscribers | |
First Supplement to the Receiver's Fifth Report
| PDF · Subscribers | |
Affidavit of Jill Strueby, Sworn
| PDF · Subscribers | |
| Application | PDF · Subscribers | |
| Bench Brief of Law – dated 2026-07-21 | PDF · Subscribers | |
Fifth Report of the Receiver
| PDF · Subscribers | |
Receiver’s Certificate (Auction)
| PDF · Subscribers | |
Receiver's Certificate
| PDF · Subscribers | |
Order (Ancillary)
| PDF · Subscribers | |
Order (Sale Approval and Vesting Order)
| PDF · Subscribers | |
| Affidavit of J. Strueby Sworn | PDF · Subscribers | |
Application (SAVO)
| PDF · Subscribers | |
| Bench Brief of Law – dated 2026-06-08 | PDF · Subscribers | |
Fourth Report of the Receiver
| PDF · Subscribers | |
Service List – dated 2026-06-05
| PDF · Subscribers | |
Trustee's Preliminary Report to Creditors (May 13, 2026)
| PDF · Subscribers | |
| First Meeting of Creditors Notice Package (May 4, 2026) | PDF · Subscribers | |
| Certificate of Appointment (25-3366987) | PDF · Subscribers | |
Auction Approval and Vesting Order
| PDF · Subscribers | |
Order - Approval of Receiver's Fees and Activities
| PDF · Subscribers | |
Order - Expanding Receiver's Powers - Filed April 13, 2026
| PDF · Subscribers | |
Order - Lien Claims Process - Filed April 13, 2026
| PDF · Subscribers | |
Order - Release and Discharge of Liened Property - Filed April 13, 2026
| PDF · Subscribers | |
Fifth Report of the Receiver
| PDF · Subscribers | |
| Application (April 2, 2026) | PDF · Subscribers | |
General Access and Possession Order
| PDF · Subscribers | |
| Lien Claims Process - Notice | PDF · Subscribers | |
| Lien Claims Process - Proof of Claim Instructions | PDF · Subscribers | |
| Brief of Law of the Applicants (March 26, 2026) | PDF · Subscribers | |
APA
| PDF · Subscribers | |
| Confidentiality Agreement | PDF · Subscribers | |
Sale Process Procedures
| PDF · Subscribers | |
| Teaser | PDF · Subscribers | |
4. Fourth Report of the Receiver
| PDF · Subscribers | |
| Letter to Service List (March 23, 2026) | PDF · Subscribers | |
Third Report of the Receiver (March 23, 2026)
| PDF · Subscribers | |
Invitation for Offers or Proposals #2 - Additional Lots
| PDF · Subscribers | |
Order Amending Receivership Order and Sealing Confidential Supplement
| PDF · Subscribers | |
Order (Auction Approval and Vesting Order)
| PDF · Subscribers | |
Order (Sale Process)
| PDF · Subscribers | |
Service List – dated 2026-02-26
| PDF · Subscribers | |
3. Third Report of the Receiver
| PDF · Subscribers | |
| Application (Sale Process and AVO) | PDF · Subscribers | |
| Application - Sales Threshold | PDF · Subscribers | |
| Bench Brief of Law | PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
| EY Brief of Law | PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Invitation for Offers or Proposals #2
| PDF · Subscribers | |
Access and Possession Order
| PDF · Subscribers | |
Order - Approval of Activities, Sealing Confidential Supplement
| PDF · Subscribers | |
SAVO
| PDF · Subscribers | |
Application - Access and Possession
| PDF · Subscribers | |
Application - SAVO
| PDF · Subscribers | |
| Brief of Law | PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Notice of Application dated January 22, 2026
| PDF · Subscribers | |
| Book of Authorities to Responding Brief of Grant Thornton Limited - January 21, 2026 | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| Second Report of the Receiver | PDF · Subscribers | |
| Second Report of the Receiver dated January 20, 2026 | PDF · Subscribers | |
| Affidavit of Bhavesh Soni dated January 19, 2026 | PDF · Subscribers | |
| Factum on behalf of Imperial PFS Payments Canada, LLC dated January 19, 2026 | PDF · Subscribers | |
Order (Amending Receivership Order) - Filed January 9, 2026
| PDF · Subscribers | |
| Application - Filed January 6, 2026 | PDF · Subscribers | |
| Receiver's First Report to Court - Filed January 6, 2026 | PDF · Subscribers | |
| Supplement to the Receiver's First Report to Court - Filed January 6, 2026 | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| Report of MNP Ltd. - Dated January 5, 2026 | PDF · Subscribers | |
Invitation for Offers or Proposals #1 - Additional Lots
| PDF · Subscribers | |
Letter to Service List
| PDF · Subscribers | |
Access and Possession Order (Filed)
| PDF · Subscribers | |
Invitation for Offers or Proposals #1
| PDF · Subscribers | |
| Notice of Statement of Receiver – Light Speed Holdings Inc. | PDF · Subscribers | |
| Notice of Statement of Receiver – Light Speed Logistics Inc. | PDF · Subscribers | |
| Notice and Statement of Receiver | PDF · Subscribers | |
Service List – dated 2025-12-16
| PDF · Subscribers | |
| Notice and Statement of the Receiver - Dated Dec 15, 2025 | PDF · Subscribers | |
Receivership Order (Filed)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Affidavit of A. Gagnon sworn | PDF · Subscribers | |
Affidavit of A. Nakevski - Part 1
| PDF · Subscribers | |
| Affidavit of A. Nakevski - Part 2 | PDF · Subscribers | |
Application (Appoint Receiver)
| PDF · Subscribers | |
Brief in Support of Receivership Order
| PDF · Subscribers | |
Originating Application (Receivership Order)
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Affidavit of D. Gottselig
| PDF · Subscribers | |
| Affidavit of Supriya Sarin - Filed December 5, 2025 | PDF · Subscribers | |
Bench Brief - Filed December 5, 2025
| PDF · Subscribers | |
| Lien Claims Process - Notice of Dispute of Revision or Disallowance | PDF · Subscribers | |
| Lien Claims Process - Notice of Revision or Disallowance | PDF · Subscribers | |
| Originating Application (Appointment of Receiver) - Filed December 5, 2025 | PDF · Subscribers | |
| Receivership Order - Filed December 5, 2025 | PDF · Subscribers | |
| Statement of Claim | PDF · Subscribers | |
Order (Release of Seized Equipment and Approval of Receiver's Activities) - Filed January 9, 2025
| PDF · Subscribers | |
| Lien Claims Process - Proof of Claim | 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., “Light Speed Logistics Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/light-speed-logistics-inc