Court Appoints Receiver for Trans Emerge Transport Inc. in Debt Case With RBC
On January 22, 2024, Trans Emerge Transport Inc., an Ontario-based transportation company specializing in heavy haul and refrigerated services, was placed into receivership by the Ontario Superior Court of Justice (Commercial List) due to $10.7 million in debt owed to the Royal Bank of Canada (“RBC”). The court appointed msi Spergel Inc. as the receiver, granting them extensive powers to manage the company’s assets and affairs without interference.
Aird & Berlis successfully represented RBC with a team including Sanjeev Mitra, Jeremy Nemers and Cristian Delfino.