Bennette Chase Inc. is in court-appointed receivership in Alberta following a receivership order pronounced on April 1, 2026 in the Court of King's Bench of Alberta in Bankruptcy and Insolvency, under Court File No. 2501-16951. The proceeding is grounded in section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, and it remains active. The record in this matter presently begins and ends with the April 1, 2026 order; no later milestone has been entered against the file.
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MNP Ltd.'s First Report: the first sale process drew over 40 signed NDAs but no sale, so a second process follows through NAI Commercial Real Estate Inc.; receipts were $234,752 and disbursements $174,541 to September 4, 2026.
Placed Bennette Chase Inc. into court-appointed receivership, the order being pronounced April 1, 2026 in Court of King's Bench of Alberta file 2501-16951.
A four-pump Esso on 34 Avenue SE in Calgary has been closed since the receiver took it over in April. Forty parties signed non-disclosure agreements, four thousand people looked at it online, and nobody bought it. On September 8 the receiver asked to relist $405,000 lower and to raise its own charge from $300,000 to $500,000 — against professional fees of $248,467 and $60,200 left in the account.
Parties
Debtor
Bennette Chase Inc.
Receiver
MNP
Bench and counselPer the orders and service lists on the record
stated amounts, drawn to scale · 15 named without a figure
#
Priority class
Creditor
Amount
Source
4
Secured
Servus Credit Union Ltd. · in 23 casesIdentified on Alberta Personal Property Registry / Alberta Land Title search — Schedule A table lists a rounded figure of $1,312,915; the affidavit of W.J. (Bill) Moore sworn March 3, 2026 states the exact amount of approximately $1,312,914.58 CAD, which is used as the amount here per the more precise dated figure. — debtor: Bennette Chase Inc. · as of 3 Mar 2026
$1.31M
Notice and Statement of Receiver - Bennette Chase Inc
4
Secured
Parkland Corporation · in 14 casesas of date of this notice — Identified on Alberta Personal Property Registry / Alberta Land Title search — debtor: Bennette Chase Inc.
$120K
Notice and Statement of Receiver - Bennette Chase Inc
4
Secured
Gaston Rajakarunaas of date of this notice — Identified on Alberta Personal Property Registry / Alberta Land Title search — Amount unknown; Receiver states it does not know the quantum outstanding as at the date of this notice. — debtor: Bennette Chase Inc.
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Notice and Statement of Receiver - Bennette Chase Inc
4
Secured
Mortgagequote Canada Corp. · in 2 casesas of date of this notice — Identified on Alberta Personal Property Registry / Alberta Land Title search — Amount unknown; Receiver states it does not know the quantum outstanding as at the date of this notice. — debtor: Bennette Chase Inc.
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Notice and Statement of Receiver - Bennette Chase Inc
4
Secured
1728778 Alberta Ltd.as of date of this notice — Identified on Alberta Personal Property Registry / Alberta Land Title search — Amount unknown; Receiver states it does not know the quantum outstanding as at the date of this notice. — debtor: Bennette Chase Inc.
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Notice and Statement of Receiver - Bennette Chase Inc
4
Secured
Bodkin, A division of Bennington Financial Corp. · in 10 casesas of date of this notice — Identified on Alberta Personal Property Registry / Alberta Land Title search — Amount unknown; Receiver states it does not know the quantum outstanding as at the date of this notice. — debtor: Bennette Chase Inc.
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Notice and Statement of Receiver - Bennette Chase Inc
8
Unsecured
City of Calgary · in 10 casesas of date of this notice — Amount unknown per Receiver. — debtor: Bennette Chase Inc.
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Notice and Statement of Receiver - Bennette Chase Inc
8
Unsecured
Western Financial Group · in 3 casesas of date of this notice — Amount unknown per Receiver. — debtor: Bennette Chase Inc.
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Notice and Statement of Receiver - Bennette Chase Inc
8
Unsecured
Canada Revenue Agency · in 926 casesas of date of this notice — Amount unknown per Receiver. — debtor: Bennette Chase Inc.
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Notice and Statement of Receiver - Bennette Chase Inc
As at 1 Apr 2026 · per Net book value; note in document states realizable values may materially differ · Bennette Chase Inc. (entity level, Property described in Receivership Order) — Asset table gives net book value only (PP&E, advances and investments, inventory, due from related parties); no consolidated total liabilities figure stated. Secured creditor amounts are reported separately in Schedule A rather than as a balance-sheet liability total.
Cash on hand$60.2K · Note: Total ending cash available as of September 4, 2026 · As at: 2026-09-04 · Qualifier: approximately
Disbursements$175K · Note: Primarily Property Taxes, Security, Insurance, Utilities, Repairs and Maintenance, Lease, Consultants, GST Paid, and Advertising · Since: April 1, 2026 (Receivership Date) to September 4, 2026
Operational summaryThe Receiver took possession of the Gas Station and shut it down on the Receivership Date, and has not operated it since; the Receiver is conducting a second sale process to market and sell the Property after an unsuccessful first sale process.
Notice and Statement of Receiver - Bennette Chase Inc
Financial positionAssets $2.19M · as at 1 Apr 2026 · per Net book value; note in document states realizable values may materially differ · Bennette Chase Inc. (entity level, Property described in Receivership Order) — Asset table gives net book value only (PP&E, advances and investments, inventory, due from related parties); no consolidated total liabilities figure stated. Secured creditor amounts are reported separately in Schedule A rather than as a balance-sheet liability total.
Secured creditorsNote: Amount unknown; Receiver states it does not know the quantum outstanding as at the date of this notice. · Page: 3 · As of: date of this notice · Debtor: Bennette Chase Inc. · Creditor: Bodkin, A division of Bennington Financial Corp. · Currency: CAD · Security: Identified on Alberta Personal Property Registry / Alberta Land Title search
Unsecured creditorsper List of Creditors prepared without admission as to liability or quantum — Amount unknown per Receiver.
Secured creditors$1.31M · Note: Comprises Demand Operating Loan facility ($100,000 limit) and Commercial Mortgage Loan ($1,300,000 original advance) under Nov 5, 2021 Commitment Letter/Dec 3, 2021 Loan Agreement; demand issued May 29, 2025 with concurrent NOI; personal guarantees from Amir Manzoor and Muhammad Immad Manzoor (directors/shareholders) in amount of $1,500,000 per Commitment Letter · Page: 3 · As of: 2026-02-11 · Debtor: Bennette Chase Inc. · Creditor: Servus Credit Union Ltd. (formerly Connect First Credit Union Ltd.) · Security: General Security Agreement (all present and after-acquired personal property, dated Dec 3, 2021); Collateral Mortgage ($1,400,000 principal, dated Dec 3, 2021) over Mortgaged Lands; Assignment of Rents and Leases (Dec 3, 2021); Assignment of Insurance (Dec 31, 2021); first-in-time PPSA registration and Land Titles registration
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/bci
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