Cheema & Sons Transport Receivership Sale Upheld on Appeal

On August 25, 2026, the Ontario Court of Appeal released its decision in Royal Bank of Canada v. 1512632 Ontario Inc. (Cheema & Sons Transport), 2026 ONCA 618, confirming that the Bankruptcy and Insolvency Act governed appeal rights arising from receivership proceedings involving 1512632 Ontario Inc. o/a Cheema & Sons Transport and 2856586 Ontario Inc. The court determined that the debtors needed permission to appeal and denied their request.

The appeal followed the Ontario Superior Court of Justice’s Approval and Vesting Order approving the sale of the debtors’ Brampton properties, as well as an Ancillary Relief Order approving the receiver’s activities and authorizing distributions from the sale proceeds. The Court of Appeal found that the debtors had not met the requirements to appeal the orders and that the properties had been properly marketed for approximately five months, with the successful purchaser submitting the highest offer.

Aird & Berlis served as counsel to Grant Thornton Limited in its capacity as receiver, with a team including Matilda Lici and Sanjeev Mitra (Financial Services).