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
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.
The court granted an approval and vesting order for the sale to 551841 Ontario Inc. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions.
Notice of application dated January 31, 2024 commenced the receivership proceeding against Sardara Transport Inc. and the other debtors, under file CV-24-00713924-00CL.
Royal Bank of Canada · in 584 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
$4.44M
Application Record of RBC dated February 2, 2024
Secured
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4 more claims in 1 class The stack holds Secured claims.
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.
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 2025
Approval and Vesting Order of the Honourable Justice Dietrich dated March 30, 2026
Closing termsvesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions
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 4 November 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.