Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership and Coromandel Wilmar Development Ltd.
- Proceeding
- Receivership (court-appointed)Section 243(1) of the BIA and Section 39 of the LEA
- File
- H-230159
- Industry
- Real estate · Residential development
Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership and Coromandel Wilmar Development Ltd. have been the subject of court-appointed receivership proceedings in the Supreme Court of British Columbia since May 8, 2025, under file number H230159. The proceedings rest on section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. An interim order was granted on the commencement date. The receivership remains active.
Order Made After Application - Strata Lot 4 Sale Approval was filed.
Source: Order Made After Application - Strata Lot 4 Sale Approval
Order Made After Application - Strata Lot 3 Sale Approval was filed.
Source: Order Made After Application - Strata Lot 3 Sale Approval
Interim order granted in the Supreme Court of British Columbia, file H230159, on the day the receivership against the three Coromandel Wilmar entities commenced.
The officer filed report no. Third Report. The Receiver has substantially completed construction of the Infill Homes and Siteworks, is awaiting City approvals/occupancy permits, is working to close the sale of the Heritage House, and continues to market the two remaining Infill Homes through Rennie & Associates.
Source: Receiver's Third Report to Court
The court granted an approval and vesting order for the sale to Jaswinder Kaur Bhugra. Closing terms, as extracted: Vacant possession delivered at 12:00 noon on the Closing Date; Receiver may extend Closing Date with Purchaser's consent.
Source: Order for Approval and Vesting
The court appointed MNP Ltd. as receiver and manager, on the application of Accountable Mortgage Investment Corp.. Court file H-230159.
The court appointed MNP Ltd. as Receiver and Manager, on the application of Accountable Mortgage Investment Corp.. Court file H-230159.
Debtor
Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership and Coromandel Wilmar Development Ltd.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Milman | Supreme Court of British Columbia | 1 order, Sep 2023 | 17 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Lawson Lundell LLP | 9 Jan 2024 | Order · 9 Jan 2024 |
| CreditorNEW RHODES CONSTRUCTION INC | Kusuhara Law Corporation | 18 Oct 2024 | Application · 18 Oct 2024 |
| CreditorSTUART HOWARD ARCHITECTS INC | Patrick Yearwood Law Corporation | 18 Oct 2024 | Application · 18 Oct 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Accountable Mortgage Investment Corp.Mortgage and assignment of rents — Table header states figures are in ($000's); raw table figure shown was 24,071,013, scaled by 1,000 per header. — debtor: Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership and Coromandel Wilmar Development Ltd. · as of 13 Sep 2023 | $24.1B | Form 87 Notice and Statement of Receiver |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
4 more claims in 1 class The stack holds Secured 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.
5 transactions · 4 approved · 1 not completed — The Court approved the sale of the Heritage House; closing is pending. Infill Homes continue to be marketed.Receiver's Third Report to Court · 16 Oct 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Jaswinder Kaur Bhugrathe Purchased Assets described in the Sale Agreement · real property · agreement 16 Jul 2024 | Subscribers | Not completeddate not stated | Receiver's Third Report to Court |
| Chun Wei ang and Carlos Tan Ang, as Joint Tenantsthe following lands and premises legally described as: PID: 030-439-400 STRATA LOT 2 DISTRICT LOTS 317 AND 316 BLOCK 12 NEW WESTMINSTER DISTRICT STRATA PLAN EPS3735 ("SL2") · real property · agreement 28 Feb 2025 | Subscribers | Approved8 May 2025 | Order Made After Application re SL 2 Sale… |
| Peggy Pui-Kum WongStrata Lot 1 District Lots 317 and 316 Block 12 New Westminster District Strata Plan EPS3735 ("SL1") · real property · agreement 10 Mar 2025 | Subscribers | Approved26 Jun 2025 | Order Made After Application - Strata Lot 1… |
| Shu-Fen ChienPID:030-439-418 STRATA LOT 3 DISTRICT LOTS 317 AND 316 BLOCK 12 NEW WESTMINSTER · real property · agreement 1 May 2025 | Subscribers | Approved28 Aug 2025 | Order Made After Application - Strata Lot 3… |
| Kelly Brent Funk and Carol Marianne Funk, as Joint TenantsPID:030-439-426 ST EW WESTMINSTER DISTRICT STRATA PLAN EPS3735 ("SL4") · real property · agreement 29 Sep 2025 | Subscribers | Approved9 Jan 2026 | Order Made After Application - Strata Lot 4… |
Accountable Mortgage Investment Corp.: shortfall.EstimatedReceiver's First Report to Court · 12 Dec 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredFirst Mortgagee | Accountable Mortgage Investment Corp. | — | shortfallconditional | Estimatedper the receiver | Receiver's First Report to Court · 12 Dec 2023 |
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.
Cumulative receipts
$2M
As at 18 Sep 2024Receiver's Third Report to Court
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Service List
| PDF · Subscribers | |
Order Made After Application - Strata Lot 4 Sale Approval
| PDF · Subscribers | |
Order Made After Application - Strata Lot 3 Sale Approval
| PDF · Subscribers | |
Order Made After Application - Strata Lot 1 Sale Approval
| PDF · Subscribers | |
Order Made After Application re SL 2 Sale Approval
| PDF · Subscribers | |
| Requisition re adjourning October 31, 2024 application | PDF · Subscribers | |
| Service List updated October 30, 2024 | PDF · Subscribers | |
Notice of Application Approving Sale Prices
| PDF · Subscribers | |
| Service List updated October 18, 2024 | PDF · Subscribers | |
Receiver's Third Report to Court
| PDF · Subscribers | |
| Service List updated August 28, 2024 | PDF · Subscribers | |
Order for Approval and Vesting
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
| Service List updated August 12, 2024 | PDF · Subscribers | |
| Receiver's Second Report to Court | PDF · Subscribers | |
| Service List updated February 16, 2024 | PDF · Subscribers | |
Amended and Restated Receivership Order
| PDF · Subscribers | |
| Order made after Application - Approval of Receiver's Activities | PDF · Subscribers | |
| Sealing Order | PDF · Subscribers | |
Receiver's First Report to Court
| PDF · Subscribers | |
| Service list updated November 28, 2023 | PDF · Subscribers | |
Receivership Order entered September 13 2023
| PDF · Subscribers | |
Form 87 Notice and Statement of Receiver
| 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., “Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership and Coromandel Wilmar Development Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/coromandel-wilmar-development