Proceedings.

SARDARA TRANSPORT INC. et al

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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
Court
Ontario Superior Court of Justice · Commercial List
File
CV-24-00713924-00CL
Filings held8
Last activity30 Mar 2026
On the record175 days
Secured debtSubscribers
OverviewSummary updated

Sardara Transport Inc. and related debtors have been the subject of a court-appointed receivership proceeding in the Ontario Superior Court of Justice since January 31, 2024, when a notice of application dated that day was filed under court file number CV-24-00713924-00CL. The application invokes subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Ontario Courts of Justice Act. The proceeding remains active. No further steps appear on the record to date.

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Case updates8 dated entries

5 earlier updates, back to 30 March 2026 subscribers.

Parties

Debtor

SARDARA TRANSPORT INC. et al

Receiver

msi Spergel inc.

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice DietrichOntario Superior Court of Justice2 orders, Mar 2026109 cases on record

Counsel of record

PartyCounselFirst seenSource
Receivermsi Spergel inc.Harrison Pensa LLP19 Apr 2024Service list · 19 Apr 2024
ApplicantRoyal Bank of CanadaAird & Berlis LLP19 Apr 2024Service list · 19 Apr 2024
DebtorSARDARA TRANSPORT INC. et alMilosevic & Associates29 Feb 2024Affidavit · 29 Feb 2024
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRoyal Bank of Canada · in 556 casesGeneral Security Agreement (PPSA registration); Security Agreement for Chattel Mortgage (PPSA registration); RBC is the first-to-register general secured creditor under the PPSA against Sardara — Amount stated in Demand Letter dated Jan 5, 2024 (matches figure recited in Notice of Application). Includes $1,782,169.85 relating to Sardara's guarantee of 278's obligations under the Sardara-278 Guarantee dated Oct 14, 2020 (guarantee ceiling of $1,900,000, not a balance). Also secured by personal guarantee of Jagteshwar Singh Brar (sole common director), limited to $2,500,000 principal plus intere · as of 5 Jan 2024$4.44MApplication Record of RBC dated February 2, 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.

4 more claims across lower-ranking classesSubscribe to view
Sale processPer the transactions

Sale approvedApproval and Vesting Order of the Honourable Justice Dietrich dated… · 30 Mar 2026

PurchaserPriceStatusSource
551841 Ontario Inc.all of 2780785 Ontario Inc.'s rights, title and interests in and to the real property described in the Sale Agreement and in Schedule 'B' hereto (the ' Real Property '), including the Purchased Assets as defined in the Sale Agreement · real property · agreement 18 Nov 2025not statedApproved30 Mar 2026Approval and Vesting Order of the Honourable…
Closing termsvesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditionsApproval and Vesting Order of the Honourable Justice Dietrich dated…
Documents8 filings
DateDocumentFile
Ancillary Order of the Honourable Justice Dietrich dated March 30. 2026
  • Applicant ROYAL BANK OF CANADA
  • Appointee msi Spergel inc.
  • Appointee role receiver
  • Commencement date 30 March 2026
  • + 5 more extracted facts
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Approval and Vesting Order of the Honourable Justice Dietrich dated March 30, 2026
  • Closing terms vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions
  • Purchaser 551841 Ontario Inc. · all of 2780785 Ontario Inc.'s rights, title and interests in and to the real property described in the Sale Agreement and in Schedule 'B' hereto (the ' Real Property '), including the Purchased Assets as defined in the Sale Agreement · real property · approved
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement of the Honourable Justice Dietrich dated March 30, 2026
  • Presiding officer Justice Dietrich
PDF · Subscribers
Service List as of April 19, 2024
  • Counsel Milosevic & Associates
PDF · Subscribers
Endorsement of The Honourable Justice Osborne dated April 17, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Affidavit of Shamsher Bhullar affirmed February 29, 2024
  • Counsel Milosevic & Associates
  • Financial position · Secured creditors Subscribers
PDF · Subscribers
Endorsement of The Honourable Justice Cavanagh dated February 7, 2024
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Application Record of RBC dated February 2, 2024
  • Applicant Royal Bank of Canada
  • Commencement date 31 January 2024
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-24-00713924-00CL
  • + 6 more extracted facts
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., “SARDARA TRANSPORT INC. et al” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/sardara-transport-inc-et-al

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/sardara-transport-inc-et-al

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.