2004639 Alberta Ltd. has been the subject of proceedings in the Court of King's Bench of Alberta since May 30, 2024, when a receivership order was pronounced. The matter proceeds under the Bankruptcy and Insolvency Act and is recorded under court file no. 2401 03935. The record shows no further steps after the date the order was pronounced, and the proceeding remains active.
The court granted an approval and vesting order for the sale to Calgary Airport Authority. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions. Sealed: Confidential Supplement to the First Receiver's Report.
Source: Sale Approval and Vesting Order
7 earlier updates, back to 30 May 2024 — subscribers.
Debtor
2004639 Alberta Ltd.
Receiver
FTI
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesUnremitted GST/HST for periods prior to the Receivership Date; described as deemed trust/priority claim pre-bankruptcy. Receiver notes that assigning the Company into bankruptcy will cause the CRA Claim to become an unsecured claim, as there is no deemed trust for GST claims in a bankruptcy. — debtor: 2004639 Alberta Ltd. | $62K | First Report of the Monitor |
This 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 transactions · 1 proposed · 1 approved — The Receiver determined the CAA's offer was the best and highest available and entered into the Purchase Agreement, now seeking Court approval.First Report of the Monitor · 2 Dec 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| CAAthe sale of the Land Lease to the CAA, including assumption of all existing Tenant Leases and the Assumed Service Contracts · asset sale · agreement 24 Oct 2025 | Subscribers | Proposed | First Report of the Monitor |
| Calgary Airport Authorityall of the Debtor's right, title, and interest in and to the 'Purchased Assets', as set out, described, and defined in the Purchase Agreement · asset sale · nominee/assignee: any assignee or nominee thereof · agreement 24 Oct 2025 | not stated | Approved11 Dec 2025 | Sale Approval and Vesting Order |
Unsecured creditors: no distribution.EstimatedFirst Report of the Monitor · 2 Dec 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | subordinated creditors | — | no distribution | Estimatedper the receiver | First Report of the Monitor · 2 Dec 2025 |
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.
| Date | Document | File |
|---|---|---|
Order - Sealing and Interim Distribution
| PDF · Subscribers | |
Sale Approval and Vesting Order
| PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
| Form 87 - Notice and Statement of the Receiver | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit in Support of Receivership Application | PDF · Subscribers | |
Affidavit of Davneet Nijjar
| PDF · Subscribers | |
Application for Receiver and Manager
| PDF · Subscribers | |
Book of Authorities - Application for Receiver
| PDF · Subscribers | |
| Brief of CWB | 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., “2004639 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/2004639-alberta-ltd
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/2004639-alberta-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.