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ARTICLE · 27 JANUARY 2026

Lessor Repossession During A Stay: Walgre Transport Inc. (Re)

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On December 22, 2025, the Ontario Superior Court of Justice (Commercial List) released its reasons Walgre Transport Inc (Re), 2025 ONSC 7143 at paras 1–2 [Walgre] regarding TD Equipment Finance Canada's ("TDEF")...

CanadaInsolvency/Bankruptcy/Re-Structuring
Domenico Magisano
Domenico Magisano
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Overview

On December 22, 2025, the Ontario Superior Court of Justice (Commercial List) released its reasons Walgre Transport Inc (Re), 2025 ONSC 7143 at paras 1–2 [Walgre] regarding TD Equipment Finance Canada's ("TDEF") ability to complete enforcement on certain equipment leased by Walgre Transport Inc. ("Walgre") (the "Leased Equipment"). At the time, Walgre had been afforded a stay of proceedings (the "Stay"). (Ibid at para 3(g); The NOI proceedings and corresponding stay of proceedings under the Bankruptcy and Insolvency Act were continued, without prejudice to TDEF's position, under the Companies' Creditors Arrangement Act, RSC, 1985, c C–36 (the "CCAA") on October 8, 2025 (Ibid at paras 3(k), 3(i))

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