#Order
The court appointed msi Spergel inc. as receiver and manager, on the application of ROYAL BANK OF CANADA. Court file CV-24-00000592-0000.
North Star Freight Forwarders Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- File
- CV-24-00000592-0000
OverviewSummary updated
North Star Freight Forwarders Inc. is subject to insolvency proceedings of unspecified type. Royal Bank of Canada holds security under a General Security Agreement dated November 9, 2022 over all present and after-acquired personal property of the debtor, perfected by a PPSA (Ontario) registration with search results current to January 18, 2024. Per the Bank's records as at January 24, 2024 (Affidavit of Kevin Leung), the debtor owed $1,213,486.94 CAD and $245,889.78 USD under a Revolving Demand Facility; a Notice of Intention to Enforce Security dated November 17, 2023 had earlier stated balances of $1,232,401.79 CAD and $245,302.09 USD as at November 16, 2023. Inderjeet Singh Sekhon, the debtor's sole principal, provided a personal guarantee dated November 9, 2022 limited to $1,800,000.00 CAD as additional security.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
#Filing
Book of Authorities of Royal Bank of Canada dated February 28, 2024 — Application / notice of application
2 earlier updates, back to 21 March 2024 — subscribers.
Parties
Debtor
North Star Freight Forwarders 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 Barnes | Ontario Superior Court of Justice | 2 orders, Mar 2024 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorRoyal Bank of Canada | Harrison Pensa LLP | 28 Feb 2024 | Factum · 28 Feb 2024 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral Security Agreement (GSA) dated November 9, 2022 over all present and after-acquired personal property of the Debtor; perfected by PPSA (Ontario) financing statement registration, search results current to January 18, 2024 — USD portion of the Revolving Demand Facility, per Bank's records as at January 24, 2024. A demand letter/Notice of Intention to Enforce Security dated November 17, 2023 stated an earlier balance of $245,302.09 USD as at November 16, 2023. Personal guarantee from Inderjeet Singh Sekhon, limited to $1,800,000.00 CAD, exists as additional security. — debtor: North Star · as of 24 Jan 2024 | $246K USD | Application Record - Royal Bank of Canada date February 7, 2024 |
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.
Documents5 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Barnes date March 21, 2024
| PDF · Subscribers | |
Order of Justice Barnes dated March 21, 2024
| PDF · Subscribers | |
| Book of Authorities of Royal Bank of Canada dated February 28, 2024 | PDF · Subscribers | |
Factum of Royal Bank of Canada dated February 28, 2024
| PDF · Subscribers | |
Application Record - Royal Bank of Canada date February 7, 2024
| 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., “North Star Freight Forwarders Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/north-star-freight-forwarders-inc