Ontario · Receivership (court-appointed)
Order of the Honourable Justice Dunphy dated September 8, 2026
Receivership order · 8 September 2026
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What we verified from this filing13 verified
- applicantRoyal Bank of Canada
- appointeemsi Spergel inc.
- appointee rolereceiver and manager
- commencement date8 September 2026
- courtSUPERIOR COURT OF JUSTICE
- court file noCL-26-00000380-0000
- provinceONTARIO
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- proceeding typereceivership_court
- secured creditorsnote: Perfected security interest limited to specific tire inventory, excluded from Receiver's Property; required to reimburse Receiver pro rata for Priority Claims based on net recovery relative to other secured creditors · page: 2 · debtor: Premium Tire Sales & Service Ltd. · creditor: Bridgestone Canada Inc. · currency: CAD · security: General security agreement dated July 13, 2008 granted by the Debtor, as amended by letter agreement dated July 24, 2012, over tire inventory ('Bridgestone Inventory')
- secured creditorsnote: Applicant secured lender seeking receivership appointment · page: 14 · debtor: Premium Tire Sales & Service Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Security referenced as 'the Plaintiff's security'; underlying facility/security instrument not detailed in these pages
- presiding officerJustice Dunphy