#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.
ActiveFollow
- 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
- Industry
- Transportation & logistics · Trucking & freight
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 AIOpen Proceedings AI
Case updates5 dated entries
#Filing
Book of Authorities of Royal Bank of Canada dated February 28, 2024 — Application / notice of application
#Filing
Application Record - Royal Bank of Canada date February 7, 2024 was filed. Court file CV-24-00000592-0000.
Source: Application Record - Royal Bank of Canada date February 7, 2024
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 |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Harrison Pensa LLP | 21 Mar 2024 | Order · 21 Mar 2024 |
| 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 584 casesGeneral Security Agreement (GSA) dated November 9, 2022 over all present and after-acquired personal property of the Debtor (inventory, equipment, accounts, intangibles, etc.); perfected by PPSA (Ontario) financing statement registration, search results current to January 18, 2024 — Figure per Bank's records as at January 24, 2024 (Affidavit of Kevin Leung). A demand letter/Notice of Intention to Enforce Security dated November 17, 2023 stated an earlier balance of $1,232,401.79 CAD as at November 16, 2023. Personal guarantee from Inderjeet Singh Sekhon (sole principal/guarantor) dated Novembe · as of 24 Jan 2024 | $1.21M | Application Record - Royal Bank of Canada date February 7, 2024 |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
Every creditor and every amount.
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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.
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 5 November 2026, https://proceedings.ca/case/north-star-freight-forwarders-inc