#Order
Justice Coval granted an interim order in the receivership on the same day as the reverse vesting order.
Source: Order Made After Application re Ancillary Order filed April 29, 2026
1274877 B.C. Ltd., Kinnaird Konversion Limited Partnership, and Kinnaird Konversion GP Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)Subsection 243(1) of the Bankruptcy and Insolvency Act (Canada) and Section 39 of the Law and Equity Act (British Columbia)
- File
- S-261032
Filings held15
Last activity29 Apr 2026
On the record216 days
OverviewSummary updated
1274877 B.C. Ltd., Kinnaird Konversion Limited Partnership and Kinnaird Konversion GP Inc. were placed in receivership by the Supreme Court of British Columbia on February 17, 2026, on the application of Price Capital Partners Inc., with KSV Restructuring Inc. appointed Receiver under section 243 of the BIA and section 39 of the LEA. Secured indebtedness is recorded at CAD $6,229,333.75. The Receiver ran a sale process with Avison Young, retained Gulf Coast as property manager and reported to the court on April 20, 2026. On April 29, 2026, Justice Coval granted a reverse vesting order, with Price Capital Partners Inc. as purchaser and Kinnaird Konversion GP Inc. as the residual company, together with an interim order. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates15 dated entries
#Sale
Justice Coval granted a reverse vesting order, with Price Capital Partners Inc. as purchaser and Kinnaird Konversion GP Inc. left as the residual company.
Source: Order Made After Application re Approval and Reverse Vesting Order filed April 29, 2026
12 earlier updates, back to 17 February 2026 — subscribers.
Parties
Debtor
1274877 B.C. Ltd., Kinnaird Konversion Limited Partnership, and Kinnaird Konversion GP Inc.
Applicant
Price Capital Partners Inc.
Receiver
KSV
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Coval | Supreme Court of British Columbia | 1 order, Apr 2026 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Bennett Jones LLP | 17 Feb 2026 | Order · 17 Feb 2026 |
| ApplicantPrice Capital Partners Inc. | McQuarrie Hunter LLP | 28 Apr 2026 | Service list · 28 Apr 2026 |
| Debtor1274877 B.C. Ltd., Kinnaird Konversion Limited Partnership, and Kinnaird Konversion GP Inc. | Bridgehouse Law LLP | 28 Apr 2026 | Service list · 28 Apr 2026 |
| CreditorCity of New Westminster | Young Anderson | 17 Feb 2026 | Order · 17 Feb 2026 |
| CreditorPortage Capital Nominee Corp | Cassels Brock & Blackwell LLP | 17 Feb 2026 | Order · 17 Feb 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Court-ordered charges | Receiver's Borrowings Charge — in priority to all security interests, trusts, liens, charges and encumbrances, statutory or otherwise, in favour of any Person, but subordinate in priority to the Receiver’s Charge and the charges as set out in Sections | $250K | Notice of Application of the Petitioner re Receivership order dated February 10, 2026 |
22 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings
2 transactions · 2 approved — The sale transaction is hereby approvedOrder Made After Application re Approval and Reverse Vesting Order… · 29 Apr 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Price Capital Partners Inc.Stalking horsethe Purchased Assets · asset sale · agreement 1 Feb 2026 | Subscribers | Approved17 Feb 2026outside 30 Sep 2025 | Sales Order dated February 17, 2026 |
| Price Capital Partners Inc.all of the Debtors' interests in the Purchased Assets, including the Shares and the Property · share sale · nominee/assignee: its assignee or such other entity as the Purchaser may direct · ResidualCo: Kinnaird Konversion GP Inc. · agreement 27 Feb 2026 | Subscribers | Approved29 Apr 2026 | Order Made After Application re Approval and… |
AdvisorsAvison Young (listing broker)First Report of the Receiver dated April 20, 2026
Closing termsVesting occurs upon delivery of the Receiver's Certificate confirming receipt of the full Purchase PriceOrder Made After Application re Approval and Reverse Vesting Order…
Fees and ratesAs stated in the filings
3 engagements · 2 firms — latest: KSV Restructuring Inc., to 15 Apr 2026First Report of the Receiver · 20 Apr 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Bennett Jones LLPCounsel to the receiver | from 16 Apr 2026 | — | — | — | First Report of the Receiver · 20 Apr 2026 |
| KSV Restructuring Inc.Receiverperiod 2 of 2 | to 15 Apr 2026 | — | — | — | First Report of the Receiver · 20 Apr 2026 |
| KSV Restructuring Inc.Receiverperiod 1 of 2 | to 31 Mar 2026 | — | — | — | First Report of the Receiver · 20 Apr 2026 |
1 stated figure across 3 engagements, each sourcedSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Professional fees to date
Fee accrual: $125,000; Receiver fees: $77,436.13; Bennett jones fees: $143,311.02
As at 20 Apr 2026First Report of the Receiver dated April 20, 2026
Documents
15 filings
| Date | Document | File |
|---|---|---|
Order Made After Application re Ancillary Order filed April 29, 2026
| PDF · Subscribers | |
Order Made After Application re Approval and Reverse Vesting Order filed April 29, 2026
| PDF · Subscribers | |
Service List as of April 28, 2026
| PDF · Subscribers | |
First Report of the Receiver dated April 20, 2026
| PDF · Subscribers | |
| Notice of Application re ARVO and Ancillary Order dated April 20, 2026 | PDF · Subscribers | |
245 246 Notice (Kinnaird) dated February 26, 2026
| PDF · Subscribers | |
Receivership Order dated February 17, 2026
| PDF · Subscribers | |
Sales Order dated February 17, 2026
| PDF · Subscribers | |
Sealing Order dated February 17, 2026
| PDF · Subscribers | |
| Affidavit of Sharon Martin dated February 10, 2026 | PDF · Subscribers | |
Notice of Application of the Petitioner re Receivership order dated February 10, 2026
| PDF · Subscribers | |
Petition to the Court dated February 10, 2026
| PDF · Subscribers | |
| Affidavit of Sharon Martin dated February 6, 2026 | PDF · Subscribers | |
| Notice of Hearing dated February 6, 2026 | PDF · Subscribers | |
Affidavit of Michael Foy dated December 15, 2025
| 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., “1274877 B.C. Ltd., Kinnaird Konversion Limited Partnership, and Kinnaird Konversion GP Inc.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/1274877-b-c-ltd-kinnaird-konversion-limited-partnership-and-kinnaird-konversion-