442746 B.C. Ltd. has been in court-appointed receivership since January 31, 2023, when the Supreme Court of British Columbia appointed MNP Ltd. as receiver on the application of First National Financial GP Corporation under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act, in file S-227651. The company's single asset is a three-storey apartment building, carried at an estimated realization of $11,040,000 as at August 1, 2023. First National holds a mortgage and assignment of rents with a balance of $2,968,000 as at January 3, 2023 per Affidavit #1 of Gurkirpal Singh Cheema, exclusive of interest accrued since. Registered behind it are judgments, certificates of pending litigation, a builders lien and a Crown lien held by Allied Alternative Energy, BFI Canada Inc., the City of Vancouver, Harinder Dhillon, Her Majesty The Queen in Right of Canada, Kingsway Paving BC Ltd. and Kumikker Rangi, each in an unknown amount. The company did not provide a list of unsecured creditors. The receivership remains active.
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The officer filed report no. Receiver's First Report to Court. The Receiver managed two residential rental properties (Dundas and Triumph), collecting rent and attending to maintenance and insurance matters, until First National's mortgages were redeemed on September 15, 2023, after which the Receiver relinquished control of the Properties and is seeking its discharge.
Supreme Court of British Columbia made a receivership order over 442746 B.C. Ltd. under BIA s. 243 and provincial Judicature Act authority, commencing the proceeding in file S-227651.
First National Financial GP Corporation · in 7 casesMortgage and assignment of rents — Balance as at January 3, 2023 per Affidavit #1 of Gurkirpal Singh Cheema; does not include interest accrued since that date; table figures in $000's. — debtor: 442746 B.C. Ltd. · as of 3 Jan 2023
$2.97M
Form 87
Secured
Kingsway Paving BC Ltd.Claim of Builders Lien — Estimated claim listed as unknown. — debtor: 442746 B.C. Ltd. · as of 1 Aug 2023
—
Form 87
Secured
City of Vancouver · in 17 casesJudgement — Estimated claim listed as unknown. — debtor: 442746 B.C. Ltd. · as of 1 Aug 2023
—
Form 87
Secured
Kumikker Rangi · in 2 casesCertificate of Pending Litigation (CPL) — Estimated claim listed as unknown. — debtor: 442746 B.C. Ltd. · as of 1 Aug 2023
BFI Canada Inc. · in 8 casesJudgement — Estimated claim listed as unknown. — debtor: 442746 B.C. Ltd. · as of 1 Aug 2023
—
Form 87
Secured
Allied Alternative EnergyJudgement and Certificate of Pending Litigation (CPL) — Estimated claim listed as unknown. — debtor: 442746 B.C. Ltd. · as of 1 Aug 2023
—
Form 87
Secured
Harinder Dhillon · in 2 casesCertificate of Pending Litigation (CPL) — Estimated claim listed as unknown. — debtor: 442746 B.C. Ltd. · as of 1 Aug 2023
—
Form 87
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“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
As at 1 Aug 2023 · per Receiver's estimated realization · 442746 B.C. Ltd. - single asset (three-storey apartment building) — Document states the Company did not provide a list of unsecured creditors; no liabilities total stated.
Cumulative receipts
$107K
As at 23 Oct 2023First Report of Receiver to Court
Cumulative disbursements
$71.5K
As at 23 Oct 2023First Report of Receiver to Court
Cash on hand
$35.6K
As at 23 Oct 2023First Report of Receiver to Court
Professional fees to date
$56.7K
As at 23 Oct 2023First Report of Receiver to Court
Fee scheduleEngagements: Form: report_table · Rows: Douglas Chivers; Kevin Koo; Neil Jayamaha; Sofie Parker; Rate: 225 · Hours: 3.2 · Quote: Office Administration | Senior Administrative Assistant | 3.20 | 225 · Title: Senior Administrative Assistant · Row kind: bucket · Rate kind: average · Name as stated: Office Administration; Rate: 175 · Hours: 2.15 · Quote: Office Administration | Administrative Assistant | 2.15 | 175 · Title: Administrative Assistant · Row kind: bucket · Rate kind: average · Name as stated: Office Administration · Money: Tax: $1.36K · Label: GST · Quote: GST | 1,361 · Fees: $25.6K · Quote: Fees | 25,580 · Total: $28.4K · Quote: Total | 28,358 · includes tax · includes disbursements · Approximate: false · Disbursements: $1.42K · Quote: Disbursements | 1,417 · Period: End: 2023-09-15 · Kind: invoice · Quote: For the period of July 4, 2023, to September 15, 2023, the total of these accounts is as follows: · Start: 2023-07-04 · Approval: State: unstated · Averages: Average Hourly Rate · Currency: · Invoices: Tax: 1360.87 · Fees: 25579.75 · Quote: July 4, 2023 to September 15, 2023 | 9655 (2) | 25,579.75 | 1,417.33 | 1,360.87 | 28,357.95 · Total: 28357.95 · Period end: 2023-09-15 · Period start: 2023-07-04 · Disbursements: 1417.33; Tax: 1360.87 · Fees: 25579.75 · Quote: July 4, 2023 to September 15, 2023 | 9655 (1) | 25,579.75 | 1,397.33 | 1,360.87 | 28,337.95 · Total: 28337.95 · Period end: 2023-09-15 · Period start: 2023-07-04 · Disbursements: 1397.33; Tax: 2721.74 · Fees: 51159.5 · Quote: Total | 51,159.50 | 2,814.66 | 2,721.74 | 56,695.90 · Total: 56695.9 · Disbursements: 2814.66 · Firm text: MNP Ltd. · Firm quote: In its capacity as Receiver of 442746 B.C. Ltd. · Hours total: Quote: | | | 57.65 | 444* | · Value: 57.65 · Context quote: I am a Senior Vice President of MNP Ltd., the Court-appointed receiver (the "Receiver") of all of the assets, undertakings and property of 442746 B.C. · Comparability quote: In the Receiver's opinion, the cost of this receivership is comparable to receiver assignments of similar scale and complexity.; Form: invoice_listing · Rows: Douglas Chivers; Kevin Koo; Neil Jayamaha; Sofie Parker; Julia Noort; Aoife Sugrue · Money: Tax: $1.36K · Label: GST · Quote: | | 1,360.87 · Fees: $25.6K · Quote: PROFESSIONAL FEES | PROFESSIONAL FEES | $ 25,579.75 · Total: $28.4K · Quote: TOTAL THIS INVOICE
## 28,357.95 · includes tax · includes disbursements · Approximate: false · Disbursements: $1.42K · Quote: | | 1,417.33 · Period: End: 2023-09-15 · Kind: invoice · Quote: PROFESSIONAL FEES RENDERED by members of the staff of MNP Ltd. for the period of July 4, 2023 to September 15, 2023 as Receiver of the Company including inter alia the following: · Start: 2023-07-04 · Approval: State: unstated · Averages: Average · Currency: · Invoices: · Firm text: MNP Ltd. · Firm quote: In its capacity as Receiver of 442746 B.C. Ltd. · Hours total: Quote: | Time Billed | | 57.65 | 443.71 | * 25,579.75 | · Value: 57.65 · Context quote: I am a Senior Vice President of MNP Ltd., the Court-appointed receiver (the "Receiver") of all of the assets, undertakings and property of 442746 B.C.
Cash on hand$35.6K · Note: Interim statement of receipts and disbursements for the period August 1, 2023 to October 18, 2023 · As at: 2023-10-18
Disbursements$71.5K · Since: August 1, 2023
Fee scheduleEngagements: Form: report_table · Rows: Douglas Chivers; Kevin Koo; Neil Jayamaha; Sofie Parker; Rate: 225 · Hours: 3.2 · Quote: Office Administration | Senior Administrative Assistant | 3.20 | 225 · Title: Senior Administrative Assistant · Row kind: bucket · Rate kind: standard · Name as stated: Office Administration; Rate: 175 · Hours: 2.15 · Quote: Office Administration | Administrative Assistant | 2.15 | 175 · Title: Administrative Assistant · Row kind: bucket · Rate kind: standard · Name as stated: Office Administration · Money: Tax: $2.72K · Label: GST · Quote: GST | 1,361 | 1,361 | 2,722 · Fees: $51.2K · Quote: Fees | 25,580 | 25,580 | 51,160 · Total: $56.7K · Quote: Total | 28,358 | 28,338 | 56,696 · includes tax · includes disbursements · Approximate: false · Disbursements: $2.81K · Quote: Disbursements | 1,417 | 1,397 | 2,814 · Period: End: 2023-09-15 · Kind: invoice · Quote: for the period July 4, 2023 to September 15, 2023 is summarized below: · Start: 2023-07-04 · Approval: Quote: The Receiver requests that the Court approve the Receiver's fees and costs incurred to date of $56,696 · State: sought · Averages: — · Currency: · Invoices: Tax: 1360.87 · Fees: 25579.75 · Quote: July 4, 2023 to September 15, 2023 | 9655 (2) | 25,579.75 | 1,417.33 | 1,360.87 | 28,357.95 · Total: 28357.95 · Period end: 2023-09-15 · Period start: 2023-07-04 · Disbursements: 1417.33; Tax: 1360.87 · Fees: 25579.75 · Quote: July 4, 2023 to September 15, 2023 | 9655 (1) | 25,579.75 | 1,397.33 | 1,360.87 | 28,337.95 · Total: 28337.95 · Period end: 2023-09-15 · Period start: 2023-07-04 · Disbursements: 1397.33 · Firm text: MNP Ltd. · Firm quote: MNP Ltd. was appointed as Receiver of the assets, undertakings and properties of 442746 B.C. Ltd. · Hours total: Quote: 57.65 · Value: 57.65 · Context quote: MNP Ltd. was appointed as Receiver of the assets, undertakings and properties of 442746 B.C. Ltd. · Comparability quote: comparable to Receivership assignments of similar scale and complexity.; Form: invoice_listing · Rows: · Money: · Period: End: 2023-09-30 · Kind: invoice · Quote: For the Period August 1 to September 30, 2023 · Start: 2023-08-01 · Approval: State: unstated · Averages: · Currency: · Invoices: Tax: 145.06 · Fees: 2871 · Quote: 1243993 | 2,871.00 | 30.32 | 145.06 | 200.97 | 3,247.35 · Total: 3247.35 · Disbursements: 30.32; Tax: 83.52 · Fees: 1669 · Quote: 1246873 | 1,669.00 | 1.40 | 83.52 | 116.83 | 1,870.75 · Total: 1870.75 · Disbursements: 1.4 · Firm text: Lawson Lundell LLP · Firm quote: The Receiver engaged Lawson Lundell LLP (' Lawson ') as its independent legal counsel. · Context quote: The Receiver engaged Lawson Lundell LLP (' Lawson ') as its independent legal counsel.
Operational summaryThe Receiver managed two residential rental properties (Dundas and Triumph), collecting rent and attending to maintenance and insurance matters, until First National's mortgages were redeemed on September 15, 2023, after which the Receiver relinquished control of the Properties and is seeking its discharge.
Financial positionAssets $11M · as at 1 Aug 2023 · per Receiver's estimated realization · 442746 B.C. Ltd. - single asset (three-storey apartment building) — Document states the Company did not provide a list of unsecured creditors; no liabilities total stated.
Secured creditorsNote: Estimated claim listed as unknown. · Page: 2 · As of: 2023-08-01 · Debtor: 442746 B.C. Ltd. · Creditor: City of Vancouver · Currency: CAD · Security: Judgement
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/442746-bc-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.