#Sale
The court granted a reverse vesting order in favour of 1582163 B.C. Ltd.
Source: Order Approving SISP, Stalking Horse, and Conditional RVO
1077065 BC Ltd. and 0997691 BC Ltd.
ActiveFollow
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- H-241158
- Industry
- Real estate
OverviewSummary updated
1077065 BC Ltd. and 0997691 BC Ltd. have been in court-appointed receivership since January 26, 2026, when the Supreme Court of British Columbia made a receivership order over the two companies under section 243 of the Bankruptcy and Insolvency Act and provincial judicature legislation. The application that produced the order was filed the same day, and the proceeding carries Vancouver Registry court file number H-241158. The receivership remains active. The record before this page identifies no further steps: no receiver's reports, sale process, claims procedure or scheduled hearings have been entered on it.
Proceedings AIOpen Proceedings AI
Case updates7 dated entries
#Order
The Supreme Court of British Columbia placed both companies in receivership under BIA s. 243 and provincial judicature legislation, commencing the proceeding under file H-241158.
Source: Receivership Order
Parties
Debtor
1077065 BC Ltd. and 0997691 BC Ltd.
Receiver
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Valiant Mortgage Inc. and 1508878 B.C. Ltd. (petitioners, first mortgagee)First mortgage over the Lands — Plus legal costs and protective disbursements; interest accruing at 21.7% per annum compounded monthly, per diem rate of $36,237.40 — debtor: 1077065 B.C. Ltd. and 0997691 B.C. Ltd. (Borrowers) · as of 31 Dec 2025 | $61M | Affidavit #2 of Kuba Grabowski |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
Sale approved — The Transaction with the Stalking Horse Bidder is authorized, ratified and approved effective upon the Receiver filing a certificate that no other Qualified Bids were received by the Bid Deadline.Order Approving SISP, Stalking Horse, and Conditional RVO · 4 May 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1582163 B.C. Ltd.Stalking horsethe Purchased Assets (as defined in the Sale Agreement), including the Shares, the Lands and the Buildings · assets and shares · ResidualCo: ResidualCo · agreement 28 Apr 2026 | not stated | Approved4 May 2026 | Order Approving SISP, Stalking Horse, and… |
AdvisorsKhela Real Estate Group (listing broker); Colliers Macaulay Nicholls Inc. (listing broker)Receiver's First Report to Court
Closing termsVesting occurs upon delivery of the Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction, in a specified sequence.Order Approving SISP, Stalking Horse, and Conditional RVO
RecoveriesAs stated in the filings
Unsecured creditors: no distribution. First Mortgagee short.EstimatedReceiver's First Report to Court · 28 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | the First Mortgagee and all junior-ranking creditors | — | shortfall | per the receiver | Notice of Application · 27 Apr 2026 |
| Secured | First Mortgagee | — | shortfall | Estimatedper the receiver | Receiver's First Report to Court · 28 Apr 2026 |
| Unsecured | junior creditors (creditors junior to the First Mortgagee) | — | no distribution | Estimatedper the receiver | Receiver's First Report to Court · 28 Apr 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Documents7 filings
| Date | Document | File |
|---|---|---|
| Order Approving Receivers Activities | PDF · Subscribers | |
Order Approving SISP, Stalking Horse, and Conditional RVO
| PDF · Subscribers | |
Receiver's First Report to Court
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
| Form 87: Notice and Statement of Receiver | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Affidavit #2 of Kuba Grabowski
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1077065 BC Ltd. and 0997691 BC Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/1077065-bc-ltd-and-0997691-bc-ltd