#Sale
Provided that the Purchased Shares vest in 1585936 B.C. Ltd. free and clear of encumbrances, and allowed the Receiver to extend closing with the purchaser's consent without further order.
Source: Order - Re Approval and Vesting
Evo Industrial Ltd et al.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act
- File
- S-261930
- Industry
- Manufacturing · Vehicles, parts & aerospace
OverviewSummary updated
Evo Industrial Ltd and affiliated debtors are subject to a court-appointed receivership before the Supreme Court of British Columbia under court file number S-261930. The appointment rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act jurisdiction. The proceeding is active. Nothing further has been entered on this record: no commencement date, no receiver identified, and no dated milestones, reports or hearings.
Proceedings AIOpen Proceedings AI
Case updates14 dated entries
#Sale
Justice Loo approved the Receiver's amended June 5, 2026 letter of intent with 1585936 B.C. Ltd. for KPD's PFR Auto Group shares, vesting free of encumbrances on delivery of the Receiver's Certificate.
Source: Approval and Vesting Order
#Filing
Notice of Application - Re Sale Approval and Purchase Agreement — Application / notice of application
#Report
Reported receipts of $1,389,478 and disbursements of $353,017 to October 9, 2026, and sought approval of the $950,000 PFR share sale, an interim distribution to secured creditors and a $550,000 reserve.
Source: Receiver's Second Report
#Report
Reported the business was not viable as a going concern and all 48 employees terminated, with realization to proceed by auction, a proposed PFR share sale and realtor-assisted property sales.
Source: Receiver's First Report
#Order
Appointed MNP Ltd. receiver and manager of Evo Industrial Ltd., 1318347 B.C. Ltd., EVO Tunes Inc., Heavin Holdings Inc., KPD Auto Group Ltd. and Black Bandit Industries Inc.
Source: Receivership Order
AnalysisAll insights
Outcome brief
Evo Industrial: seven vehicles, five offers and a $950,000 share sale
On October 20, Justice Loo approved MNP's $950,000 sale of the shares of PFR Motorsports, whose primary assets are seven vehicles, to a company whose principal, the receiver disclosed, formerly served as the debtors' CFO, and authorized a distribution the receiver estimates will pay RBC about $915,000 and BDC an initial $415,000 on its secured debt.
Parties
Debtor
Evo Industrial Ltd et al.
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Loo | Supreme Court of British Columbia | 5 orders, Apr 2026 – Oct 2026 | 13 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | McCarthy Tétrault LLP | 6 Jul 2026 | Service list · 6 Jul 2026 |
| Applicant | Osler, Hoskin & Harcourt LLP | 6 Jul 2026 | Service list · 6 Jul 2026 |
| DebtorEvo Industrial Ltd et al. | Bridgehouse Law LLP | 6 Jul 2026 | Service list · 6 Jul 2026 |
| CreditorBank of Nova Scotia | Randie Wilson & Company | 14 Aug 2026 | Service list · 14 Aug 2026 |
| CreditorDiesler Corp | Stringam LLP | 6 Jul 2026 | Service list · 6 Jul 2026 |
| CreditorHeather Dodd | Ben Ingram & Associates | 6 Jul 2026 | Service list · 6 Jul 2026 |
| CreditorKevin Dodd | Bellamy Law | 6 Jul 2026 | Service list · 6 Jul 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Estimated Owing to Secured Creditors (as stated total)as of date of this Second Report (October 14, 2026) — Report's own stated total of RBC – Debtors, RBC – Refresh Guarantee, BNS and BDC estimates. | $25.8M | Receiver's Second Report |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
38 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
2 transactions · 1 closed · 1 approved — Court approved the Receiver's share sale transaction with 1585936 B.C. Ltd. under the Letter of Intent as amended; vesting of the Purchased Shares occurs on delivery of the Receiver's Certificate.Order - Re Approval and Vesting · 20 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchasers at the June 16-17, 2026 auction of the Auction Assets, unnamed; Auctioneer is Joiner Sales Corp.the Auction Assets · auction | Subscribers | Closed | Receiver's Second Report |
| 1585936 B.C. Ltd.all of the issued and outstanding shares in the capital of PFR Auto Group Inc. dba PFR Motorsports, being all the shares held by KPD Auto Group Ltd. (the Purchased Shares) · share sale · agreement 5 Jun 2026 | Subscribers | Approved20 Oct 2026 | Approval and Vesting Order |
AdvisorsJoiner Sales Corp. (auctioneer); Lee & Associates (listing broker); The Agency Real Estate Marketing Group (listing broker)Receiver's Second Report
Closing termsUpon delivery by the Receiver to the Purchaser of the Receiver's Certificate, the Debtors' right, title and interest in the Purchased Shares vests in the Purchaser free and clear of Encumbrances; the Receiver may extend the Closing Date with the Purchaser's consent without further order.Order - Re Approval and Vesting
RecoveriesAs stated in the filings
RBC: paid in full.EstimatedNotice of Application - Re Sale Approval and Purchase Agreement · 14 Oct 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | RBC | — | paid in fullinterimconditional | Estimatedper the receiver | Notice of Application - Re Sale Approval and Purchase Agreement · 14 Oct 2026 |
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.
Estate financialsReported figures — never derived
Total assets at filing
As at ·
Cumulative receipts
$1.39M
As at 14 Oct 2026Receiver's Second Report
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
13 filings
| Date | Document | File |
|---|---|---|
Order - Re Approval and Vesting
| PDF · Subscribers | |
Order - Re Distribution of Funds
| PDF · Subscribers | |
Notice of Application - Re Sale Approval and Purchase Agreement
| PDF · Subscribers | |
| Notice of Hearing of Application | PDF · Subscribers | |
Receiver's Second Report
| PDF · Subscribers | |
Service List as August 14 2026
| PDF · Subscribers | |
Service List as at July 6, 2026
| PDF · Subscribers | |
| Application Record Index | PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Receiver's First Report
| PDF · Subscribers | |
Form 87: Notice and Statement of the Receiver
| PDF · Subscribers | |
Receivership Order
| 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., “Evo Industrial Ltd et al.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/evo-industrial-ltd