Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act, and 65(7) of the Personal Property Security Act
1919929 Alberta Ltd. is in a court-appointed receivership under BIA s. 243 and the provincial Judicature Acts. The Receiver's Statement of Affairs values the debtor's real property at 11625-105 Ave NW, Edmonton, at a tax assessment figure of $1,225,000.00, while its net realizable value is put at $88,355.11, with cash on hand of $1.00. Roynat Inc., the applicant in the receivership, holds security on the building and a general security agreement together totalling $880,767.80; Murska Management (1969) Ltd. holds $250,000.00 in security on the building; and the City of Edmonton claims $5,877.09 in property tax arrears. Several other parties hold general security agreements at nominal amounts, and a group of trade creditors are listed as unsecured for modest sums.
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The officer filed report no. First Report. The Receiver has been marketing the debtor's commercial condo unit for sale (listed with Colliers), while the former tenant Pyxis has continued occupying and servicing the property's operating expenses despite the lease being terminated. Court file 2503 19364.
Roynat Inc. · in 47 casesMortgage/security on the commercial building at 11625-105 Ave NW, Edmonton (real property) and general security agreement over the Debtor's assets — Listed both as holder of security on the commercial building and as holder of a general security agreement, with the same stated balance ($880,767.80); also the Applicant/Plaintiff in the receivership application. — debtor: 1919929 Alberta Ltd.
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CiteProceedings., “1919929 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/1919929-alberta-ltd
Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/1919929-alberta-ltd
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