Trans Emerge Transport Inc. is in court-appointed receivership under BIA s. 243 and the provincial Judicature Acts. Royal Bank of Canada, holding a General Security Agreement dated July 29, 2022 and related facility agreements, issued a demand letter on October 10, 2023 citing a balance as of October 6, 2023 of $10,218,098.38 CAD and $335,588.49 USD, guaranteed to $4,900,000 by Harminder and Rajwant Binapal, against whom RBC has not yet claimed. Spergel's review for RBC identified unremitted source deductions owed to CRA of over $1,000,000. More than 90 PPSA registrations exist against the debtor, including PMSI equipment financiers and several general registrations behind RBC's, among them 1000711945 Ontario Inc., which had been the purchaser in a since-abandoned transaction to acquire the debtor's indebtedness and security, and BVD Petroleum Inc., whose counsel indicated BVD would realize on the debts as a secured creditor. Pro-X Event Inc. has garnished RBC through Brampton Small Claims Court over an undisclosed underlying claim.
The court granted an approval and vesting order for the sale to the Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction. Closing terms, as extracted: Vesting occurs upon completion of a sale by the Auctioneer, receipt of purchase price, and delivery of a Purchaser's Bill of Sale.
Source: Approval and Vesting Order of The Honourable Justice Conway dated August 12, 2024
Endorsement of The Honourable Justice Wilton-Siegel dated January 22, 2024 — Endorsement / reasons
Debtor
Trans Emerge Transport Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 3 orders, Aug 2024 | 310 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Apr 2024 | 198 cases on record |
| Justice Wilton-Siegel | Ontario Superior Court of Justice | 2 orders, Jan 2024 | 111 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Harrison Pensa LLP | 12 Aug 2024 | Order · 12 Aug 2024 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 22 Jan 2024 | Order · 22 Jan 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Unremitted source deductions (deemed trust)Deemed-trust class liability (CRA source deductions); RBC engaged Spergel for a limited review of priority payables and understands the Debtor has an outstanding liability for unremitted source deductions 'of over $1,000,000.00' - stated as a floor. — debtor: Trans Emerge Transport Inc. | $1M | Application Record of RBC dated January 5, 2024 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
13 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Unsecured claims.
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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.
Sale approved — The Auction is hereby approved, and the execution of the Auction Agreement by the Receiver is hereby authorized and approved.Approval and Vesting Order of The Honourable Justice Conway dated… · 12 Aug 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers at auction, unnamedthe Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction · auction | not stated | Approved12 Aug 2024 | Approval and Vesting Order of The Honourable… |
| Date | Document | File |
|---|---|---|
Ancillary Order of The Honourable Justice Conway dated August 12, 2024
| PDF · Subscribers | |
Approval and Vesting Order of The Honourable Justice Conway dated August 12, 2024
| PDF · Subscribers | |
Endorsement of The Honourable Justice Conway dated August 12, 2024
| PDF · Subscribers | |
Endorsement of The Honourable Justice Black dated April 4, 2024
| PDF · Subscribers | |
Order of The Honourable Justice Black dated April 4, 2024
| PDF · Subscribers | |
Endorsement of The Honourable Justice Wilton-Siegel dated January 22, 2024
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit of Harjeet Mander sworn January 19, 2024 | PDF · Subscribers | |
| Affidavit of Harminder Binapal sworn January 17, 2024 | PDF · Subscribers | |
Endorsement of The Honourable Justice Penny dated January 8, 2024
| PDF · Subscribers | |
Application Record of RBC dated January 5, 2024
| 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., “Trans Emerge Transport Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/trans-emerge-transport-inc
Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/trans-emerge-transport-inc
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.