#Order
A further order of Justice Dunphy dated September 8, 2026 was made in the same proceeding.
Source: Endorsement of the Honourable Justice Dunphy dated September 8, 2026
Premium Tire Sales & Service Ltd.
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- 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
- CL-26-00000380-0000
Filings held2
Last activity8 Sep 2026
On the record13 days
OverviewSummary updated
Premium Tire Sales & Service Ltd. has been the subject of insolvency proceedings in the Ontario Superior Court of Justice since September 8, 2026, under court file no. CL-26-00000380-0000. Royal Bank of Canada is the applicant, proceeding under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. msi Spergel inc. holds the appointment as receiver and manager. The matter remains active.
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Case updates3 dated entries
#Order
Justice Dunphy's order of September 8, 2026 in court file CL-26-00000380-0000, made on the application of Royal Bank of Canada, entered the record.
Source: Order of the Honourable Justice Dunphy dated September 8, 2026
#Order
On Royal Bank of Canada's application, Justice Dunphy appointed msi Spergel inc. receiver and manager of Premium Tire Sales & Service Ltd. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act.
Source: Order of the Honourable Justice Dunphy dated September 8, 2026
AnalysisAll insights
Case update
Premium Tire: what it cost Bridgestone to keep its tires out
Royal Bank's receivership application against a Toronto tire distributor was adjourned a week so the bank could settle with Bridgestone Canada, which holds prior-ranking security over the inventory it supplied. The order Justice Dunphy signed on September 8 carves that inventory out of the receiver's appointment — and makes Bridgestone pay the receiver's cost of supervising its removal, plus a pro rata share of any deemed-trust claim against the estate.
Parties
Debtor
Premium Tire Sales & Service Ltd.
Receiver
msi Spergel inc.
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesSecurity referenced as 'the Plaintiff's security'; underlying facility/security instrument not detailed in these pages — Applicant secured lender seeking receivership appointment — debtor: Premium Tire Sales & Service Ltd. | — | Order of the Honourable Justice Dunphy dated September 8, 2026 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
1 more claim across lower-ranking classesSubscribe to view
Documents2 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Dunphy dated September 8, 2026
| PDF · Subscribers | |
Order of the Honourable Justice Dunphy dated September 8, 2026
| 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., “Premium Tire Sales & Service Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/premium-tire-sales-service-ltd