2127712 Alberta Ltd.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act, and 65(7) of the Personal Property Security Act
- Industry
- Real estate · Rental & income property
2127712 Alberta Ltd. has been under court-appointed receivership since August 20, 2021, when the Court of King's Bench of Alberta appointed MNP Ltd. as receiver and manager on the application of Roynat Inc., under section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act and section 65(7) of the Personal Property Security Act. The proceeding remains active. As of March 28, 2022, Roynat Capital was owed $2,568,223, with per diem interest of $357 accruing and an estimated shortfall of $195,982 per Schedule 1, secured by a first charge over the Property confirmed in an opinion of Caron LLP. The Canada Revenue Agency asserts a 2021 source deduction assessment of $5,402.79 and a GST claim of $19,788.33, reduced by $451.42 in interest and penalties on the Receiver's view; the Receiver treats both as deemed trust claims ranking ahead of Roynat.
The court granted an approval and vesting order for the sale to Bluebird Core Associates Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction. Sealed: Purchase Agreement appended to the Confidential Supplement.
Source: Sale Approval & Vesting Order
Receivership order granted, placing 2127712 Alberta Ltd. into court-appointed receivership in Alberta and commencing the proceeding that remains active.
Source: Receivership Order
Debtor
2127712 Alberta Ltd.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Horner | Court of King's Bench of Alberta | 3 orders, Mar 2022 | 78 cases on record |
| Justice Romaine | Court of King's Bench of Alberta | 2 orders, Aug 2021 – Apr 2022 | 91 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Caron & Partners LLP | 22 Feb 2022 | Application · 22 Feb 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesas of NOI filing date / CRA Statement — 2021 source deduction assessment; ranks in priority to Roynat's claim per Receiver's view; deemed trust class — debtor: 2127712 Alberta Ltd. | $5.4K | Final Report of the Receiver |
| 4 | Secured | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Deemed trusts (CRA and other), 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.
Marketed — sales process for the assets of the CompanyTeaser - Process to Submit Offers for Sale · 17 Sep 2021
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Bluebird Core Associates Ltd.certain lands, together with all of the 212 AB Ltd.'s rights, title and interest in the buildings, fixtures and improvements located on such lands ... and all of 212 AB Ltd.'s assets and business of the self-storage business known as Riverside Storage described in Schedule 'B' to the Purchase Agreement (the ' Business Assets ') · assets and shares · nominee/assignee: its nominee · agreement 9 Nov 2021 | Subscribers | Approved2 Mar 2022 | Sale Approval & Vesting Order |
Roynat: shortfall.EstimatedFinal Report of the Receiver · 8 Apr 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Roynat | short by | Estimatedper the receiver | Final Report of the Receiver · 8 Apr 2022 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans2 engagements · 2 firms — latest: Caron & Partners LLP, 20 Aug 2021 – 31 Mar 2022, in feesFinal Report of the Receiver · 12 Apr 2022
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Caron & Partners LLPCounsel | 20 Aug 2021 – 31 Mar 2022 | — | not stated | Final Report of the Receiver · 12 Apr 2022 | |
| MNP Ltd.Receiver | 20 Aug 2021 – 31 Mar 2022 | — | not stated | Final Report of the Receiver · 12 Apr 2022 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Filed Order of Justice Romaine
| PDF · Subscribers | |
Application to Discharge
| PDF · Subscribers | |
Final Report of the Receiver
| PDF · Subscribers | |
Service Letter to the Honourable Madam Justice Romaine
| PDF · Subscribers | |
Order for Approval of Receiver's Activities
| PDF · Subscribers | |
Sale Approval & Vesting Order
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
Service Letter to the Honourable Madam Justice Horner
| PDF · Subscribers | |
Application for Sale Approval & Vesting Order
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Teaser - Process to Submit Offers for Sale
| PDF · Subscribers | |
Application for Receivership
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit of C. Martin | PDF · Subscribers | |
| Consent to Act | 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., “2127712 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/2127712-alberta-ltd