Fast Track Appliances Ltd. was placed into bankruptcy in the Supreme Court of British Columbia on May 5, 2026, on the application of Royal Bank of Canada, under the Bankruptcy and Insolvency Act. A Statement of Affairs sworn by director Barjinder Bhatti on May 14, 2026 puts total assets at $2.00 against total liabilities of $3,248,408.98, with a reported deficiency of $3,248,406.98 and both secured creditors and preferred claims stated at $0.00. Business Development Bank of Canada is listed on three facilities at $2,431,509.53, $132,925.28 and $46,480.00; Royal Bank of Canada at $592,163.21 and $2.00. The proceeding is active under court file numbers 11-255057 and B-260218.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Preliminary Report. The Trustee assessed the Company's minimal tangible assets, concluded realization costs would exceed recoveries, and has abandoned all assets, meaning no dividends are expected to become available to creditors. Court file 11-255057.
Interim order granted the same day, May 5, 2026, the date of bankruptcy against which the Statement of Affairs was later prepared.
Debtor
Fast Track Appliances Ltd.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Business Development Bank of Canada · in 251 casesBank loans (except real property mortgage) - facility 1 — debtor: Fast Track Appliances Ltd. · as of 5 May 2026 | $2.43M | Creditor Package dated May 8, 2026 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
31 more claims in 1 class The stack holds Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors dated May 26, 2026
| PDF · Subscribers | |
| Certificate of Filing of a Bankruptcy Order 11-3373844 | PDF · Subscribers | |
Creditor Package dated May 8, 2026
| PDF · Subscribers | |
Bankruptcy Order filed May 5, 2026
| PDF · Subscribers | |
| Proof of Claim Form | 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., “Fast Track Appliances Ltd.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/fast-track-appliances-ltd
Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/fast-track-appliances-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.