Sudhansu Petroleum Ltd.
- Proceeding
- Receivership (court-appointed)Subsections 245(1) and 246(1) of the Act
- File
- CV-23-00094196-0000
- Industry
- Retail · Gas stations & convenience stores
Sudhansu Petroleum Ltd. has been under receivership in Ontario since February 28, 2024, with MNP Ltd. acting as receiver under subsections 245(1) and 246(1) of the Act. Royal Bank of Canada appointed the receiver on the strength of a general security agreement dated April 26, 2022 and a mortgage dated May 13, 2022, and was owed $2,974,167.39 as of the date the receiver took possession and control. A further secured claim of $644,205.31 is recorded in favour of Jagwinder Singh, with the City of Pickering listed at a nominal $1.00. The receiver's statement also lists unsecured claims at nominal amounts for trade accounts payable, CRA - Tax - Ontario and the Ontario Ministry of Finance. The matter is active in the Ontario Superior Court of Justice under court file CV-23-00094196-0000.
Royal Bank of Canada appointed MNP Ltd. receiver over Sudhansu Petroleum Ltd. by s. 245 notice, with $2,974,167.39 then owing to the bank.
Source: Notice of Statement of Receiver
Receivership order made by the Ontario Superior Court of Justice, placing Sudhansu Petroleum Ltd. into court-appointed receivership and opening court file CV-23-00094196-0000.
Source: Receivership Order
Debtor
Sudhansu Petroleum Ltd.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Bell | Ontario Superior Court of Justice | 1 order, Feb 2024 | 8 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Soloway Wright LLP | 28 Feb 2024 | Order · 28 Feb 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesGeneral Security Agreement dated April 26, 2022 and Mortgage dated May 13, 2022 — Receiver appointed by RBC; amount owed as of date receiver took possession/control — debtor: Sudhansu Petroleum Ltd. · as of 28 Feb 2024 | $2.97M | Notice of Statement of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
| Date | Document | File |
|---|---|---|
Receivership Certificate
| PDF · Subscribers | |
Notice of Statement of Receiver
| PDF · Subscribers | |
Receivership Order
| 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., “Sudhansu Petroleum Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/sudhansu-petroleum-ltd