2643111 Alberta Ltd. et al.; Wabamun Checkpoint Inc. et al.; Hemkund Developments Ltd. et al.; and SRAD Retail Ltd., Receivership

2643111 Alberta Ltd. et al. (“Westlock Shell & Smithers Shell“); Wabamun Checkpoint Inc. et al. (the “Wabamun Companies“); Hemkund Developments Ltd. et al.  (the “Hemkund Companies“); and SRAD Retail Ltd. (“SRAD“); Alberta-based companies under the common ownership of business man Sweetpal Chauhun, were placed into receivership via separate proceedings commenced by each of their secured creditors on May 8, May 5, March 14 and May 1, respectively.

Westlock Shell & Smithers Shell, which operate two Shell gas stations in Smithers, British Columbia and Westlock, Alberta, owe approximately $4 million to their secured creditor National Bank. The Wabamun Companies, which are engaged in the business of commercial leasing, constructing and running various businesses including restaurants in Alberta and British Columbia, owe approximately $16 million to their secured creditor BNS. The Hemkund Companies, which own and/or operate multiple “Travel Centres” (which generally include Shell and Esso gas stations and fast food restaurants and are situated on primary highways across Alberta, British Columbia, Ontario, and Québec), owe approximately $38.5 million to their secured creditor RBC. SRAD, which operates the Niton Junction Shell gas station in Niton, Alberta, owes approximately $3.8 million to its secured creditor Servus Credit Union. 

EY is the receiver to the Westlock Shell and Smithers Shell; PwC is the receiver to the Wabamun Companies and SRAD; and Grant Thornton is the receiver to the Hemkund Companies.

Counsel is:

• Westlock Shell & Smithers Shell: McCarthy Tétrault for National Bank, Miller Thomson for EY as receiver, and SVR Lawyers (formerly SB Law) for Sweetpal Chauhan.

• Wabamun Companies: McMillan for BNS, and SB Law for the Wabamun Companies.

• Hemkund Companies: Gowling WLG for RBC.

• SRAD: Dentons for Servus Credit Union, SB Law for SRAD, and Miller Thomson for PwC as receiver.