Ontario trucking firm put into receivership

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Tyson Trucking Group, formerly named Bhullar Jatt Transport, has been placed into receivership.

RBC claims Tyson, along with related entities 150 Oakwood Street Holdings Inc., and Tyson Investment Holdings Inc., owe it approximately $5.8 million. msi Spergel was appointed receiver by an Ontario court on Aug. 26.

Overhead shot of Tyson tractor-trailer
(Photo: Tyson Trucking Group)

The bank entered into a forbearance agreement with the debtors on Dec. 4, 2024, and an extension on March 24, 2025, which required all indebtedness to be repaid by May 16.

It was not paid off when the forbearance period expired that day, RBC said. The bank declined a request to again extend the forbearance period to give the debtors more time to close a real estate sale, which they said would enable them to pay off the debt.

Tyson Trucking operated as Bhullar Jatt Transport from Aug. 22, 2016 until Dec. 7, 2021.

The Tyson group, according to court documents, is comprised of Tyson Trucking Group, 150 Oakwood Street Holdings and Tyson Investment Holdings, controlled equally by Gurbinder Saini, Gurjeet Bhullar, Harpreet Bajwa and Naviot Singh.

The truck fleet consisted of about 30-35 trucks and 70 trailers, with 15-full-time employees (including 12 drivers) and 38 additional contract drivers, court filings reveal.

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  • Maybe they can get the same deal as Pride group and buy it out of receivership for 25¢ on the dollar.
    Elbows up bozos.

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  • The staff obviously will suffer. Employment opportunities are less in this business climate. The owners will have squirreled away the cash offshore. Discouraging

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  • Do you not see a pattern here of management malfeasance and their possible involvement with cartels and or criminal organizations?

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    • RBC has a track record but still 13 drivers and 30 trucks? Who qualified the loan? These bankers, if given a truck to drive, would find a way to make a U-turn under a low bridge.

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  • These guys will reopen under another name and hire more contractors to drive their trucks after writing off their tax losses. This is a well known standard operating procedure for many trucking companies now. It’s sad because the good companies are the ones that are painted with the same brush.

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  • It is unfortunate that Tyson Trucking ( previously named Bhullar Transport until 2021) is now in Receivership.
    RBC failed to adequately monitor this Client from Loanbdisbursement thru to this end. RBC will be hold8ng the short stick.
    Often, the same borrowers or their proxies bid of the same Assets and walk away laughing having paid
    “Pennies on the Dollar”
    A scam almost as old as Adam & Eve 🙂

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  • If I were the bank, I’d build up the customer base, start turning a bit of a profit then once it’s in the red, I would approach Thomson Trucking to see if they would take this company off the banks hands, in a buy out, that way the bank can get out from underneath these owners that already put a viable corporation in the digger, and it would be better to do it when a representative from the bank is in control of running this firm. It’s not like these previous owners won’t make some money Just not as much as they would of made running it at a good profit margin.

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