1479644 B.C. Ltd.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, sections 13(2) of the Judicature Act and 65(7) of the Personal Property Security Act
- File
- 2601-05667
- Industry
- Real estate
1479644 B.C. Ltd. is the subject of an active court-appointed receivership proceeding under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. Bank of Montreal, the principal secured creditor, reports indebtedness of $858,535.39 as at June 1, 2026 on a facility limit of $825,000, with per diem interest of $167.94 accruing thereafter. The bank holds a first-ranking mortgage registered August 2, 2024 as instrument #242 191 858, an all-indebtedness mortgage securing up to $1,100,000 in principal, together with a general security agreement registered in British Columbia (PPR #461828Q) and a security agreement registered in Alberta (PPR #24062028632). Joint and several personal guarantees of $825,000 from directors Satjay Sharma and Komalpreet Sharma support the debt. A tax certificate dated May 13, 2026 shows $32,028.43 in 2025 property taxes and penalties owing to the Town of Edson against the Land.
Debtor
1479644 bc ltd
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Marion | Court of King's Bench of Alberta | 1 order, Jul 2026 | 28 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Dentons Canada LLP | 7 Jul 2026 | Service list · 7 Jul 2026 |
| Applicant | Lawson Lundell LLP | 7 Jul 2026 | Service list · 7 Jul 2026 |
| Debtor1479644 bc ltd | Team Law Group LLP | 7 Jul 2026 | Service list · 7 Jul 2026 |
| CreditorCaveator | Gowling WLG (Canada) LLP | 7 Jul 2026 | Service list · 7 Jul 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Bank of Montreal · in 2 casesas of date of Receivership — Holds security on the Company's assets (general security/all-property; also named Applicant/secured lender in Receivership Order) — Receiver's Form 87 estimate of amount owed as at the date of Receivership; page 2 table's stated 'Total (Approximation)' of $890,571 aggregates this figure with Town of Edson, CEBA Loan Collections, CRA and WCB, though the attached Creditor Mailing List (page 3) classifies the latter three as Unsecured with nominal $1.00 claims each. — debtor: 1479644 B.C. Ltd. | $859K | Form 87 - Notice and Statement of the Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 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.
| Date | Document | File |
|---|---|---|
| Receiver's Certificate | PDF · Subscribers | |
Form 87 - Notice and Statement of the Receiver
| PDF · Subscribers | |
| Application | PDF · Subscribers | |
Letter to Service List
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Supplemental Affidavit | PDF · Subscribers | |
Bench Brief
| PDF · Subscribers | |
Affidavit
| PDF · Subscribers | |
| Consent to Act As Receiver | 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., “1479644 B.C. Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/1479644-bc-ltd