1103 Gilston Road
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, Section 39 of the Law and Equity Act and Section 227(3)(d) of the Business Corporations Act
- File
- S214960
- Industry
- Real estate · Residential development
1103 Gilston Road is the subject of a court-appointed receivership in the Supreme Court of British Columbia under court file no. S214960, brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding commenced on 11 May 2022, the date the application was filed, and remains active. The record before this page carries no further milestones — no reports, no orders and no hearing dates beyond the commencement filing.
The officer filed report no. Sixth and Final Report. The Property has been sold and closed, and no further substantive steps remain except payment of certain holdbacks (Wealth One legal fees, Agreed Chattels proceeds, and a municipal deposit refund); the Receiver is therefore seeking directions and its discharge, subject to completing final tax filings and closing duties.
The officer filed report no. Fifth Report of the Receiver Manager. The Property (a new single-family house in West Vancouver) was sold on July 7, 2022, and the Receiver has distributed the sale proceeds to secured mortgage holders; remaining work is wrap-up (tax filings, final accounts and discharge) and resolution of a dispute over a General Security Agreement claimed over certain chattels/fixtures.
Source: Filed Fifth Report of the Receiver Manager dated October 18, 2022
The officer filed report no. Fourth Addendum to Receiver Manager's Third Report to Court. The Receiver received a single revised offer of $7,109,900 plus GST from 1364286 B.C. Ltd., the highest and best offer received, and will present it to Court on June 14, 2022 with a recommendation for approval.
Source: Fourth Addendum to Third Receiver's Report dated June 13, 2022
The officer filed report no. Addendum to Receiver Manager's Third Report to Court. The receiver is recommending court approval of the original Chai Offer for the Property, with a completion date 12 business days after approval. It rejects the amended dates and, if that offer is withdrawn, recommends the second-highest compliant bid from 1364286 B.C. Ltd. for $6,702,000 plus GST.
The officer filed report no. Second Addendum to Receiver Manager's Third Report to Court. The receiver recommends court approval of a further revised offer of $7,101,000 plus GST from Li Mei Zhou for the property, the highest of the competing offers, despite its being received two days after the bid deadline.
The officer filed report no. Third Report. The Receiver is marketing and preserving the Company's single-family house in West Vancouver, and will seek court approval of the highest competitive bid (Runguo Chai, $6,770,000 plus GST) and a vesting order, then distribute the proceeds to secured creditors.
Source: Filed Third Report of the Receiver Manager dated June 10, 2022
Filed Application Response of ADC Holdings dated June 9, 2022 — Response / objection pleading
Application filed in the Supreme Court of British Columbia under file no. S214960, commencing the receivership proceeding on this date.
The officer filed report no. Second Report. The Receiver is marketing and selling the single remaining asset, the 1103 Gilston Road property, via a court-approval process with a competitive bid process; it maintains, insures and preserves the property in the interim.
Source: Filed Second Report of the Receiver dated May 10, 2022
The court appointed D. Manning & Associates Inc. as Receiver, on the application of ADC PROJECTS LTD.. Court file S214960.
Debtor
1103 Gilston Road
Receiver
D. Manning & Associates
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Murray | Supreme Court of British Columbia | 1 order, Sep 2022 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorGINO MUOIO HOLDINGS INC. c / o Gino Muoio | Borden Ladner Gervais LLP | 18 Oct 2021 | Service list · 18 Oct 2021 |
| CreditorJEANA VENTURES LTD | Singleton Urquhart Reynolds Vogel LLP | 18 Oct 2021 | Service list · 18 Oct 2021 |
| CreditorOpen Windows Inc | Jenkins Marzban Logan LLP | 18 Oct 2021 | Service list · 18 Oct 2021 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Pursuit Capital Corp. and VWR Capital Corp.Security on the Debtor's property (type not specified) — debtor: 1449 Sandhurst Place Holdings Limited · as of 16 Aug 2021 | $2.09M | Notice and Statement of Receiver Manager dated August 16, 2021. |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
6 more claims in 2 classes The stack holds Secured and Unsecured 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.
2 engagements · 2 firms — latest: D. Manning & Associates Inc., 2 Aug 2021 – 30 Sep 2022, in feesFiled Fifth Report of the Receiver Manager · 18 Oct 2022
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| D. Manning & Associates Inc.Receiver | 2 Aug 2021 – 30 Sep 2022 | — | not stated | Filed Fifth Report of the Receiver Manager · 18 Oct 2022 | |
| Owen Bird Law CorporationCounsel to the receiver | 3 Aug 2021 – 12 Sep 2022 | — | not stated | Filed Fifth Report of the Receiver Manager · 18 Oct 2022 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansCumulative receipts
$7.28M
As at 18 Oct 2022Filed Fifth Report of the Receiver Manager dated October 18, 2022
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Entered Order of J. Power dated February 14, 2023
| PDF · Subscribers | |
| Filed Notice of Application dated January 16, 2023 | PDF · Subscribers | |
| Filed Affidavit #2 of Alex En Hwa Ng dated January 5, 2023 | PDF · Subscribers | |
Filed Receiver's Sixth Report dated January 4, 2023
| PDF · Subscribers | |
| Filed Affidavit #2 of Alan A. Frydenlund dated December 30, 2022 | PDF · Subscribers | |
| Entered Order of J. Funt dated November 15, 2022 | PDF · Subscribers | |
| Filed Notice of Application dated October 31, 2022 | PDF · Subscribers | |
| Service letter enclosing material for Nov 15-22 application | PDF · Subscribers | |
| Filed Affidavit #1 of Alan A. Frydenlund, K.C. dated October 18, 2022 | PDF · Subscribers | |
| Filed Affidavit #1 of Alex En Hwa Ng dated October 18, 2022 | PDF · Subscribers | |
Filed Fifth Report of the Receiver Manager dated October 18, 2022
| PDF · Subscribers | |
Order Made After Application dated September 2, 2022
| PDF · Subscribers | |
Fourth Addendum to Third Receiver's Report dated June 13, 2022
| PDF · Subscribers | |
| Index Application Record dated June 13, 2022 | PDF · Subscribers | |
Third Addendum to Receiver Manager's Third Report
| PDF · Subscribers | |
First Addendum to Receiver Manager's Third Report
| PDF · Subscribers | |
Second Addendum to Receiver Manager's Third Report
| PDF · Subscribers | |
Filed Third Report of the Receiver Manager dated June 10, 2022
| PDF · Subscribers | |
| Filed Affidavit #1 of Les Sallay dated June 9, 2022 | PDF · Subscribers | |
| Filed Affidavit #1 of Rachel Rivera dated June 9, 2022 | PDF · Subscribers | |
| Filed Application Response of ADC Holdings dated June 9, 2022 | PDF · Subscribers | |
| Application Response of Griff dated May 27, 2022 | PDF · Subscribers | |
| Service Letter dated May 27, 2022 | PDF · Subscribers | |
Service List as of May 27, 2022
| PDF · Subscribers | |
| Filed Requistion to Adjourn dated May 26, 2022 | PDF · Subscribers | |
Filed Notice of Application dated May 11, 2022
| PDF · Subscribers | |
| Filed Affidavit #1 of H. Virani dated May 10, 2022 | PDF · Subscribers | |
Filed Second Report of the Receiver dated May 10, 2022
| PDF · Subscribers | |
| Filed First Report of the Receiver Manager - Filed October 18, 2021 | PDF · Subscribers | |
Service List dated October 18, 2021
| PDF · Subscribers | |
Entered Order dated August 16, 2021
| PDF · Subscribers | |
Notice and Statement of Receiver Manager dated August 16, 2021.
| 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., “1103 Gilston Road” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/1103-gilston-road