Brar Brothers Ltd., A2Z Liquor Ltd., and Alberta Inn Wetaskiwin Ltd.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act; section 65(1) of the Alberta Personal Property Security Act; section 49(2) of the Law of Property Act; section 13(2) of the Judicature Act
- File
- 2603-01520
Brar Brothers Ltd., A2Z Liquor Ltd., and Alberta Inn Wetaskiwin Ltd. were placed in court-appointed receivership by an order pronounced on February 12, 2026 in the Court of King's Bench of Alberta, on the authority of section 243 of the Bankruptcy and Insolvency Act and the provincial Judicature Acts. The proceeding is carried on court file 2603-01520 and remains active. The receivership order is the only step recorded to date; nothing further has been entered on the file for the three companies.
Order pronounced February 12, 2026 placing the three companies into court-appointed receivership, commencing the proceeding in the Court of King's Bench of Alberta under file 2603-01520.
Source: Receivership Order
Debtor
Brar Brothers Ltd., A2Z Liquor Ltd., and Alberta Inn Wetaskiwin Ltd.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesGeneral Security Agreement (Jan 8, 2019) over all present/after-acquired property; PPSA financing statement (Reg. No. 19010224357); Collateral Mortgage (Jan 8, 2019, reg'd Jan 18, 2019, Instr. No. 192 015 315) over Mortgaged Lands (Plan 9323102, Block 3, Lot 14A) securing principal sum of $3,556,000.00 plus interest; General Assignment of Rents (caveat Instr. No. 192 015 316) — Original Loan principal advanced was $3,556,000.00 (Dec 19, 2018 Letter of Offer); outstanding balance stated is exclusive of unbilled costs; interest accruing at 7.25% p.a.; balance statement current to Jan 15, 2026 (E · as of 16 Jan 2026 | $3.4M | Affidavit |
| 4 | Secured | City of Wetaskiwin (municipal property tax arrears)as of municipal tax search date (undated) — Statutory municipal tax lien on the Mortgaged Lands — Regulatory/statutory priority claim; October 3, 2025 demand cited then-outstanding arrears of $81,446.65, later municipal tax search shows current balance of arrears and penalties at $98,819.44 (approximate figure of $98,818.44 also referenced elsewhere in affidavit). — debtor: Brar Brothers Ltd. | $98.8K | Affidavit |
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesGeneral Security Agreement dated Jan 8, 2019 over all present and after-acquired property; PPSA financing statement Reg. No. 19010224863 (first registration against AIW) — AIW is a related-party guarantor (wholly-owned subsidiary of Borrower) of the Borrower's Loan; guarantee liability unlimited, capped at 100% of Outstanding Balance of the Loan as of date of demand under the AIW Guarantee dated Jan 8, 2019; no independent balance stated for AIW's own obligations. — debtor: Alberta Inn Wetaskiwin Ltd. | — | Affidavit |
| 8 | Unsecured | Municipality (City of Wetaskiwin) - municipal tax arrears · in 2 casesDocument does not label this claim as secured or preferred; municipal tax arrears typically carry statutory priority but classification is not addressed in this document. No specific date given for the figure ('presently'). — debtor: Brar Brothers Ltd. ("Borrower") | $98.8K | Application |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
| Date | Document | File |
|---|---|---|
| Property Brochure | ||
| Receiver's Certificate - A2Z Liquor Ltd. | ||
| Receiver's Certificate - Alberta Inn Wetaskiwin Ltd. | ||
| Receiver's Certificate - Brar Brothers Ltd. | ||
Affidavit
| ||
Application
| ||
| Brief of Business Development Bank of Canada | ||
Receivership Order
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Brar Brothers Ltd., A2Z Liquor Ltd., and Alberta Inn Wetaskiwin Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/brar-brothers-ltd-a2z-liquor-ltd-and-alberta-inn-wetaskiwin-ltd