True North Freight Solutions Inc. (“True North”) and North Shore Logistics Inc. (“North Shore”)
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-24-00718318-00CL
Filings held23
Last activity31 Mar 2026
On the record892 days
Secured debt$20M
OverviewSummary updated
True North Freight Solutions Inc. and North Shore Logistics Inc. were placed in court-appointed receivership by an order of the Ontario Superior Court of Justice made on April 12, 2024, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The matter proceeds in Ontario under court file CV-24-00719689-00CL and remains active. The record as it stands carries no steps beyond the appointment order itself.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates20 dated entries · 3 undated
#Order
Endorsement - BMO v. True North Freight Solutions Inc. et al; CV-24-719689-00CL; Dated June 14-2024 — Endorsement / reasons
#Filing
Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 — Application / notice of application
#Order
The court appointed BDO Canada Limited as receiver, on the application of Bank of Montreal. Court file CV-24-00719689-00CL.
Source: Receivership Order (True North & North Shore), dated May 16, 2024
#Order
The court appointed BDO Canada Limited as interim receiver, on the application of Bank of Montreal. Court file CV-24-00718318-00CL.
Source: Interim Receiver Order (True North & North Shore), dated April 12, 2024
Parties
Debtor
True North Freight Solutions Inc. (“True North”) and North Shore Logistics Inc. (“North Shore”)
Receiver
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 5 orders, Apr 2024 – Mar 2026 | 220 cases on record |
| Justice Black | Ontario Superior Court of Justice | 3 orders, Jun 2024 | 176 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Chaitons LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorBVD Petroleum Inc./BVD Capital Corporation | Simmons Da Silva LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorDaimler Truck Financial Services Canada Corporation | Dentons Canada LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorHarvinder Randhawa | Ricketts, Harris LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorHSBC Bank Canada and Royal Bank of Canada | Thornton Grout Finnigan LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorMNP Ltd | Simpson Wigle Law LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorTalka Credit Union | Lecker & Associates | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorTD Equipment Finance Canada, A Division of The Toronto-Dominion Bank | Harrison Pensa LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorTFG Financial Corporation | Evangelista LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesDeemed trust class (HST arrears). CRA conducted an HST audit and assessed HST arrears for the period July 2020 to April 2022. CRA is separately reviewing True North's HST remittances for May 2022-November 2023, which Management believes will yield a refund (~$5.3 million) exceeding these arrears (unconfirmed). — debtor: True North Freight Solutions Inc. | $1.96M | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesCRA statements for North Shore were not provided; status of North Shore's priority payables to CRA is not known (cannot advise). Debtors' unaudited accounting records show source deductions owing of approximately $90,000. — debtor: North Shore Logistics Inc. | — | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 4 | Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreements from True North, North Shore and 1000088317 Ontario Inc. ('8317'); mortgage against the Real Property. Credit Agreement dated January 13, 2022 provided facility limits (not balances) of: $13.0M demand revolving line of credit, two non-revolving term facilities totaling $7.5M, $1M treasury risk line, and corporate credit cards with limits totaling $300,000 — Senior secured creditor. Balance outstanding under the 'Loans' per BMO demand letters dated April 16, 2024, sent to True North and to North Shore, 8317, Bal and Randhawa as guarantors (personal guarantees by Bal · as of 9 Apr 2024 | $20M | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 4 | Secured | Bank of Montreal (BMO), as lessor - North Shore Lease Agreement · in 279 casesSpecific equipment lease agreement entered into between BMO and Kanman Logistics Inc. (North Shore's prior name) — Distinct capacity from BMO's Credit Agreement facilities; additional demand for repayment issued April 30, 2024 against North Shore as lessor and Mahan Singh Enterprises Inc. (MSEI) as limited guarantor (related party, common director Jagdeep Randhawa) — debtor: North Shore Logistics Inc. (formerly Kanman Logistics Inc.) · as of 26 Apr 2024 | $206K | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 4 | Secured | Royal Bank of Canada (RBC) · in 556 casesRegistered security interest against all property, assets and undertakings of North Shore Logistics Inc.; registration continues to be in effect — No balance stated. Debtors continue to be indebted to RBC for a corporate credit card and certain leases; proceeds of BMO's Loans were used in part to previously repay RBC. — debtor: North Shore Logistics Inc. | — | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesFirst-ranking security on 8317's assets, including the Real Property (mortgage); also holds a subordinate security interest in the True North/North Shore assets relative to BMO, per priority agreement dated February 23, 2023 — No balance stated in these pages. 8317 was two months in arrears on its BDC mortgage payments as of the Pre-Filing Report (May 10, 2024). — debtor: 1000088317 Ontario Inc. ('8317') | — | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 4 | Secured | Popular Tire Sales & Services Inc.Repair and Storage Liens Act (Ontario) (RSLA) claim against certain Vehicles — Has not filed a proof of claim despite being asked to do so; no amount stated — debtor: True North Freight Solutions Inc. / North Shore Logistics Inc. | — | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 4 | Secured | New Millenium Tire Centre · in 3 casesRepair and Storage Liens Act (Ontario) (RSLA) claim against certain Vehicles — Has not filed a proof of claim despite being asked to do so; no amount stated — debtor: True North Freight Solutions Inc. / North Shore Logistics Inc. | — | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesPPSA registrations against specific serialized Vehicles (trucks/trailers). Registrants include, among others: Wells Fargo Equipment Finance Company, BVD Equipment Finance Inc./BVD Capital Corporation, Meridian OneCap Credit Corp., TFG Financial Corporation, Coast Capital Auto & Equipment Finance, VSF Canada Inc., R&S Trailer Leasing (Breadner Trailers), Daimler Truck Financial Services, Mitsubishi HC Capital Canada Leasing, LCB Capital/LBEL, CWB National Leasing, BlueShore Transport Finance, Canadian Dealer Lease Services, BMW Canada, Mercedes-Benz Financial Services, Bodkin/Bennington Financi | — | Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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
6 transactions · 2 proposed · 2 closed · 1 approved · 1 not completed — 128 Vehicles sold via auction, proceeds held in trust; 10 remaining Vehicles to be soldSecond Report of the Receiver dated January 24, 2025 · 24 Jan 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 7927959 Canada Corp.the assets listed at Appendix 'F' · asset sale | not stated | Proposed | First Report of the Receiver dated June 14, 2024 |
| end purchasers at the Ritchie Bros. auction, unnamedthe Equipment, as defined in the Auction Agreement · auction | not stated | Proposed | First Report of the Receiver dated June 14, 2024 |
| unnamed17 of the Sold Vehicles located at the property of a liquidator, sold in May 2024 | not stated | Closeddate not stated | First Report of the Receiver dated June 14, 2024 |
| each purchaser at auction, unnamedthe Debtors' and the Receiver's right, title and interest in and to the property purchased by such respective Purchaser at the auction · auction | not statedpurchase price determined at the Auction | Approved14 Jun 2024 | Approval and Vesting Order (Revised Schedule A)… |
| Macrotech28 vehicles (the 'Macrotech Vehicles') · asset sale · agreement 15 Nov 2023 | $500K | Not completeddate not stated | Second Report of the Receiver dated January 24,… |
| end purchasers at Ritchie Bros. auctions, unnamed128 Vehicles sold via various auctions conducted by Ritchie Bros. · auction | $3.61Mgross proceeds from the sale of the 128 Vehicles | Closeddate not stated | Second Report of the Receiver dated January 24,… |
AdvisorsRitchie Bros. Auctioneers (auctioneer)Second Report of the Receiver dated January 24, 2025
Closing termsvesting occurs upon delivery of a bill of sale by the Auctioneer following receipt of the purchase priceApproval and Vesting Order (Revised Schedule A) - W.D. Black J. Dated…
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 27 May 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 27 May 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Documents
23 filings
| Date | Document | File |
|---|---|---|
Order - dated March 31 2026
| ||
| Motion Record dated March 18, 2026 | ||
| Third Report of the Receiver dated March 18, 2026 | ||
Distribution and Ancillary Relief Order – dated February 20, 2025
| ||
Endorsement – dated February 20, 2025
| ||
US Bank Order – dated February 20, 2025
| ||
| Motion Record dated January 24, 2025 | ||
Second Report of the Receiver dated January 24, 2025
| ||
Service List (Dated June 17, 2024)
| ||
Ancillary Relief (Revised) - W.D. Black J. Dated June14-2024
| ||
Approval and Vesting Order (Revised Schedule A) - W.D. Black J. Dated June 14-2024
| ||
Endorsement - BMO v. True North Freight Solutions Inc. et al; CV-24-719689-00CL; Dated June 14-2024
| ||
First Report of the Receiver dated June 14, 2024
| ||
Motion Record - Receiver (BDO Canada Limited) - Dated June 11, 2024
| ||
Minutes First Meeting of Creditors
| ||
Minutes of The First Meeting of Creditors
| ||
Receivership Order (True North & North Shore), dated May 16, 2024
| ||
| Bankruptcy Order, dated May 6, 2024 | ||
| Statement of Affairs | ||
Interim Receiver Order (True North & North Shore), dated April 12, 2024
| ||
| Proof of Claim Form | ||
| Reclamation of Property Form | ||
Trustee's Preliminary Report
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “True North Freight Solutions Inc. (“True North”) and North Shore Logistics Inc. (“North Shore”)” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/true-north-freight-solutions-inc-north-shore-logistics-inc