JMTA Construction Ltd
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- H-39746
JMTA Construction Ltd has been in court-appointed receivership since August 25, 2025, when the Supreme Court of British Columbia granted a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried on the Vancouver registry's records under court file number SH-39746. It remains active, and the record to date consists of the appointment itself; no subsequent orders, reports or claims process steps have been entered.
Supreme Court of British Columbia placed the company in receivership, commencing the proceeding under court file SH-39746.
Debtor
JMTA Construction Ltd
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA Judgments re: BDS Job Agency Ltd.) · in 926 casesSix judgments registered on title (registration nos. CB1293123-CB1293128), subordinate to Morteq's mortgage, registered as to the beneficial interest of BDS Job Agency Ltd. — Underlying debt is owed by BDS Job Agency Ltd.; Debtor has guaranteed these debts to CRA, but document states the guarantees themselves are unsecured obligations despite registration of judgments on title - conflicting characterization noted verbatim — debtor: JMTA Construction Ltd. (guarantor of BDS Job Agency Ltd.'s CRA debts) | $376K | Receiver's First Report to the Court |
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA Mortgage - GST liability, deemed trust) · in 926 casesCRA Mortgage registered on title (registration no. CB1349483), subordinate to Morteq's mortgage; registered principal amount secured in total is $1,410,019.84 (a registration ceiling covering guarantees of numerous other entities, not the Debtor's own balance) — Deemed trust class under the Excise Tax Act while the RVO Entity is not bankrupt; Receiver has not been able to determine if this or any other GST liability is actually owing due to state of Debtor's books/records; if RVO Entity is assigned into bankruptcy, claim loses deemed trust status and becomes unsecured under s.67(2) BIA — debto | $6.84K | Receiver's First Report to the Court |
| 4 | Secured | Morteq Lending Corp. · in 4 casesFirst-ranking mortgage and assignment of rents dated November 15, 2021; general security agreement; loan commitment letter dated October 25, 2021 (original principal advance of $4,200,000, per prose) — First secured lender on title and only PPSA-registered secured creditor against the Debtor; security opinion from CW confirms validity/enforceability; interest and costs continuing to accrue; original $4,200,000 advance is the principal amount, not the current balance — debtor: JMTA Construction Ltd. · as of 12 Mar 2026 | $4.67M | Receiver's First Report to the Court |
Sale closedReceiver's Certificate filed · 1 Jun 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1562308 B.C. Ltd.the Shares · share sale · ResidualCo: Residual Co · agreement 12 Nov 2025 | $2.8MOriginal Purchase Price of $3,050,000 was reduced to $2,800,000 by the Waiver and Amending Agreement dated February 20, 2026 | Closeddate not stated | Receiver's Certificate filed |
As at 1 Jul 2025 · per Most recent BC property assessment value of the Lands ($805,000 + $3,539,000); no audited or unaudited financial statements of the Debtor are available · Debtor entity (JMTA Construction Ltd.) - Lands only, not a full balance sheet — Receiver states 'there are no available financial statements of the Debtor' because books and records were not maintained and no bank accounts could be identified; figure shown is assessment value, not book/fair value of total assets, and no liabilities total is stated in aggregate
| Date | Document | File |
|---|---|---|
Receiver's Certificate filed
| ||
| Ancillary Order | ||
Approval and Reverse Vesting Order
| ||
Notice of Application
| ||
Receiver's First Report to the Court
| ||
Receivership Order entered August 25, 2025
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “JMTA Construction Ltd” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/jmta-construction-ltd