#Sale
The court granted an approval and vesting order for the sale to Latta Brothers Real Estate Investment Inc. Sealed: Confidential Appendices 1-9 to the First Report.
SHR Carrier Inc. et al.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00001488-0000
OverviewSummary updated
SHR Carrier Inc. (formerly North King Trucking Inc.) and related respondents have been under a court-appointed receivership in Ontario since May 23, 2025, brought under s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is active. Royal Bank of Canada holds general security agreements over all property, assets and undertakings of SHR, Fleet Fix Truck Centre Inc., Rite Choice Truck Sales Inc., North Load Haulers Ltd. and 2848644 Ontario Inc., together with a charge on 366 Watline Avenue, Mississauga registered in the principal amount of $6,950,000.00. RBC issued demands dated November 29, 2024; as at November 21, 2024 it claimed $2,405,340.59 against SHR and $2,538,921.32 against Rite Choice, with $2,510,050.09 demanded of Fleet, North and 2848644 under cross-guarantees. PPSA searches conducted March 16 and 17, 2025 disclosed purchase-money registrations by equipment financiers against serialized tractors, trailers and reefer units, none stating a dollar amount.
Proceedings AIAsk this case — answers cite the filings
Case updates10 dated entries
#Sale
Approval and Vesting Order (Truck Assets) of the Honourable Justice Mandhane dated February 27, 2026 — Approval and vesting order
7 earlier updates, back to 23 May 2025 — subscribers.
Parties
Debtor
SHR Carrier Inc. et al.
Applicant
RBC
Receiver
msi Spergel inc.
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral security agreement dated December 4, 2021 granted by Rite Choice Truck Sales Inc. in favour of RBC, granting a security interest in all of the Debtor's property, assets and undertakings — Formal demand amount (letter dated Nov 29, 2024) equals stated total of Rite Credit Agreement facilities plus guaranteed Fleet/SHR/North facility balances — debtor: Rite Choice Truck Sales Inc. · as of 21 Nov 2024 | $2.54M | Application Record of the Applicant dated March 24, 2025 (3) |
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.
Sale processAs stated in the filings
2 transactions · 2 approved — Approval of the Auction Agreement and vesting of assets in purchasers at auctionApproval and Vesting Order (Truck Assets) of the Honourable Justice… · 27 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Latta Brothers Real Estate Investment Inc.the assets described in the Sale Agreement including the real property described at Schedule E (the "Purchased Assets") · real property · agreement 6 Oct 2025 | not stated | Approved27 Feb 2026 | Approval and Vesting Order (Real Property) of… |
| end purchasers at the Auction, unnamedthe Purchased Assets purchased by such Purchaser at the Auction · auction | not stated | Approved27 Feb 2026 | Approval and Vesting Order (Truck Assets) of… |
AdvisorsRBA (auctioneer)Approval and Vesting Order (Truck Assets) of the Honourable Justice…
Closing termsVesting occurs upon Auctioneer completing sale to Purchaser, receipt of purchase price, and delivery of Bill of SaleApproval and Vesting Order (Truck Assets) of the Honourable Justice…
Sealed materialsConfidential Appendices 1-9 to the First ReportApproval and Vesting Order (Real Property) of the Honourable Justice…
Documents
9 filings
| Date | Document | File |
|---|---|---|
Ancillary Order of the Honourable Justice Mandhane dated February 27, 2026
| PDF · Subscribers | |
Approval and Vesting Order (Real Property) of the Honourable Justice Mandhane dated February 27, 2026
| PDF · Subscribers | |
Approval and Vesting Order (Truck Assets) of the Honourable Justice Mandhane dated February 27, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Mandhane dated February 27, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Stewart dated May 23, 2025
| PDF · Subscribers | |
Order of the Honourable Justice Stewart dated May 23, 2025
| PDF · Subscribers | |
Application Record of the Applicant dated March 24, 2025 (1)
| PDF · Subscribers | |
Application Record of the Applicant dated March 24, 2025 (2)
| PDF · Subscribers | |
Application Record of the Applicant dated March 24, 2025 (3)
| 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., “SHR Carrier Inc. et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 21 September 2026, https://proceedings.ca/case/shr-carrier-inc-et-al