Ontario · Receivership (court-appointed)
Third Report of the Receiver dated March 3, 2026 Part 1 of 2
Court officer report · 3 March 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- operational summaryThe Receiver is continuing to realize on the Debtors' property: it seeks court-ordered payments from Mr. Randhawa and Mr. Hunt in lieu of unreturned missing trucks and for two stolen units, and proposes distributions of those payments to lessors/secured parties and of the vehicle auction proceeds to RCAP and the Applicant. The Coleraine Property sale has already been approved and distribution of its net proceeds authorized.
- process resultsbids: 5 · note: Auctioneer Solicitation Process: 11 auctioneers solicited, 5 proposals received by the Auctioneer Proposal Submission Deadline · as of: 2025-01-31 · solicited: 11
- professional feesnote: Estimated incremental costs (not stated as tax-inclusive or exclusive) in respect of seeking the relief regarding non-compliance with the September 18, 2025 Order; incremental to the $357,535.37 Incremental Costs already ordered on September 18, 2025. · party: Receiver and Receiver's Counsel · amount: 50000 · currency: CAD
- purchaserprice: note: Guaranteed Amount and First Threshold under the Auction Agreement redacted for commercial sensitivity · sealed: true · currency: CAD · scope: the Purchased Asset(s) · status: approved · name note: end purchasers at the auction of the Vehicle Fleet, unnamed · structure: auction · name source: operative · relationship: unstated · agreement date: 2025-05-16; price: sealed: false · currency: CAD · scope: the Coleraine Property · status: not_completed · name note: purchaser under agreement of purchase and sale for the Coleraine Property, unnamed · structure: real_property · name source: operative · relationship: unstated
- report date3 March 2026
- report noThird Report
- sale advisorMcDougall Auctioneers Ltd.; Avison Young Commercial Real Estate Services, LP; CBRE Limited
- sale outcometext: The Coleraine Property agreement of purchase and sale remains subject to purchaser conditions and Court approval; the Auction has been approved and the vehicle fleet sold by auction; broker listing agreements approved for real property sales · scope: ancillary · status: liquidation_in_progress