Devlin Construction Ltd., S7 Ventures Ltd., & KMOJ Holdings Ltd
Follow- Proceeding
- Receivership (court-appointed)Bankruptcy and Insolvency Act, RSC 1985, c B-3, as amended including section 243
- File
- 1903 02654
Devlin Construction Ltd., together with S7 Ventures Ltd. and KMOJ Holdings Ltd, has been in court-appointed receivership in Alberta since April 8, 2019 under BIA s. 243 and provincial Judicature Act authority, following notice-of-intention proceedings in which Bowra Group Inc. acted as Proposal Trustee. Alberta Treasury Branches (ATB Financial) is owed approximately $4.2 million, down from roughly $5.8 million at the commencement of the NOI after $1.6 million from Ritchie Bros. auction proceeds was applied; Dentons confirmed ATB's security valid and enforceable on April 25, 2019. Devlin's internal draft unaudited balance sheet as at March 30, 2019 shows assets of $20,055,765 against liabilities of $18,595,464, but the Receiver reports work in progress of $5.25 million is overstated by approximately $5.0 million. Roughly 50 bonds remain active, and claims of Trisura and Western Surety are unquantified.
The court granted an approval and vesting order for the sale to Maynards Industries Canada Ltd. Closing terms, as extracted: Assets vest in the persons acquiring them, free and clear of Claims, upon Maynards paying the Net Sale Proceeds to the Receiver with an accounting and delivery of the Receiver's Certificate. Sealed: The Sale Agreement (Amended Maynards Auction Proposal) is appended to the Confidential Appendix to the Receiver's First Report.
Filed Application for May 13, 2019 Hearing - Approval of Asset Sale was filed. Court file 1903 02654.
Source: Filed Application for May 13, 2019 Hearing - Approval of Asset Sale
The court appointed PricewaterhouseCoopers Inc. as receiver and manager, on the application of ATB Financial. Court file 1903 02654.
Debtor
Devlin Construction Ltd., S7 Ventures Ltd., & KMOJ Holdings Ltd
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Topolniski | Court of King's Bench of Alberta | 3 orders, May 2019 – Sep 2019 | 22 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorDevlin Construction Ltd., S7 Ventures Ltd., & KMOJ Holdings Ltd | Bennett Jones LLP · Emery Jamieson LLP | 6 May 2019 | Service list · 6 May 2019 |
| CreditorATB Financial | Blake, Cassels & Graydon LLP | 6 May 2019 | Service list · 6 May 2019 |
| CreditorCaterpillar Financial Services Limited and Komatsu International (Canada Inc.) | McCarthy Tétrault LLP | 6 May 2019 | Service list · 6 May 2019 |
| CreditorLafarge Canada Inc | Reynolds Mirth Richards & Farmer LLP | 6 May 2019 | Service list · 6 May 2019 |
| CreditorMaynards Industry Canada Ltd | Fasken Martineau DuMoulin LLP | 6 May 2019 | Service list · 6 May 2019 |
| CreditorPark Paving Ltd | Bishop & McKenzie LLP | 6 May 2019 | Service list · 6 May 2019 |
| CreditorWestern Surety | Borden Ladner Gervais LLP | 6 May 2019 | Service list · 6 May 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (source deductions) · in 985 casesAmount owing for unremitted source deductions unknown - CRA has not conducted the requested audit; deemed trust / priority claim class. — debtor: Devlin Construction Ltd. | — | Receiver's First Report to the Court dated May 6, 2019 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
15 more claims in 4 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
2 transactions · 2 closed — Auction of Devlin's capital assets and equipment via Maynards has closed with total realizations of $6,889,037.44Receiver's Second Report to the Court dated August 30, 2019 · 30 Aug 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Maynards Industries Canada Ltd.certain equipment, rolling stock, and other assets of the Debtors as described in Schedule "A" · auction · agreement 30 Apr 2019 | Subscribers | Closed19 Jun 2019 | Receiver's Second Report to the Court dated… |
| Ritchie Bros. Auctioneers (Canada) Ltd.certain equipment (20 Kenworth T370s) owned by Devlin · auction · agreement 29 Jan 2019 | Subscribers | Closed26 Feb 2019 | Receiver's Second Report to the Court dated… |
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Receiver's Third Report to the Court dated July 10, 2020 | PDF · Subscribers | |
Filed Application for September 11, 2019 Hearing
| PDF · Subscribers | |
Interim Distribution Order filed September 11, 2019
| PDF · Subscribers | |
Receiver's Second Report to the Court dated August 30, 2019
| PDF · Subscribers | |
Approval and Vesting Order filed May 13, 2019
| PDF · Subscribers | |
Temporary Sealing Order filed May 13, 2019
| PDF · Subscribers | |
Devlin - Service List Letter
| PDF · Subscribers | |
Filed Application for May 13, 2019 Hearing - Approval of Asset Sale
| PDF · Subscribers | |
| Filed Brief of Law | PDF · Subscribers | |
Receiver's First Report to the Court dated May 6, 2019
| PDF · Subscribers | |
Receivership Order (dated April 8, 2019)
| 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., “Devlin Construction Ltd., S7 Ventures Ltd., & KMOJ Holdings Ltd” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/devlin-construction-ltd-s7-ventures-ltd-kmoj-holdings-ltd