#Order
The court appointed msi Spergel inc., on the application of Royal Bank of Canada. Court file CV-25-00747526-00CL.
Source: Order of the Honourable Justice Black dated August 15, 2025
Pentagon Logistics Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)SUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C. C.43, AS AMENDED
- File
- CV-25-00747526-00CL
OverviewSummary updated
Pentagon Logistics Inc. is the subject of an active court-appointed receivership proceeding in the Ontario Superior Court of Justice, in Ontario. The proceeding began on July 14, 2025, when an application was filed under subsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended. The record of this matter reflects that commencement step and no subsequent milestones, and the case remains open.
Proceedings AIAsk this case — answers cite the filings
Case updates4 dated entries
1 earlier update, back to 15 August 2025 — subscribers.
Parties
Debtor
Pentagon Logistics 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 Black | Ontario Superior Court of Justice | 2 orders, Aug 2025 | 176 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 18 Jul 2025 | Factum · 18 Jul 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral security agreement dated April 5, 2016 (PPSA-registered first-ranking security interest in all personal property); cash collateral agreements dated July 29, 2021 and April 13, 2022; Credit Agreements (Primary Credit Agreements, VISA Agreement, Master Lease Agreement) — Part of 'Demanded Indebtedness' set out in Demand Letters dated May 28, 2025 (USD portion); plus costs, expenses and accruing interest. Obligations also guaranteed by Drazen Bratic (director/officer, related party) under a limited guarantee of $2,600,000 dated October 27, 2021 (guarantee limit, not a balance). — debtor: · as of 28 May 2025 | $304K USD | Application Record of the Applicant dated July 18, 2025 |
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.
Documents4 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Black dated August 15, 2025
| PDF · Subscribers | |
Order of the Honourable Justice Black dated August 15, 2025
| PDF · Subscribers | |
Application Record of the Applicant dated July 18, 2025
| PDF · Subscribers | |
Factum of the Applicant dated July 18, 2025
| 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., “Pentagon Logistics Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/pentagon-logistics-inc