#Order
Initial order granted on the application of National Bank of Canada, bringing the two debtors under CCAA protection and appointing FTI Consulting Canada Inc. as Monitor.
Source: Initial Order
1035638 B.C. Ltd. and Kainos Building Group Ltd.
ActiveFollow
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- File
- S-267306
- Industry
- Real estate · Residential development
Filings held5
Last activity9 Nov 2026
On the record4 days
OverviewSummary updated
1035638 B.C. Ltd. and Kainos Building Group Ltd. have been under Companies' Creditors Arrangement Act protection in the Supreme Court of British Columbia since November 9, 2026, under court file S-267306, on an application by National Bank of Canada. FTI Consulting Canada Inc. is Monitor. National Bank is described as the senior secured creditor of the debtors, and proposes to provide a post-filing DIP facility of up to $1,200,000, with an initial advance of $250,000, secured by a super-priority court-ordered charge. The proceedings remain active.
Proceedings AIOpen Proceedings AI
Case updates5 dated entries
AnalysisAll insights
Filing brief
Kainos: a lender's CCAA gives FTI a board's powers over Amaji 2
National Bank of Canada brought the petition itself. On November 9 Justice Blake put two Kainos companies under the CCAA and authorized FTI, as monitor, to exercise their board's powers; one owns Amaji 2, a seven-storey Squamish building the bank's affiant says has largely stalled at 76% complete.
Parties
Debtor
1035638 B.C. Ltd. and Kainos Building Group Ltd.
Monitor
FTI
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | National Bank of Canada · in 103 casesDescribed as 'senior secured creditor' of the Debtors; the amount and nature of the pre-filing indebtedness and security are not stated in this report (detail is said to be in the Stark Affidavit dated September 29, 2026). — Pre-filing indebtedness amount not stated in this document. Separately, NBC proposes to provide post-filing DIP Facility of up to $1,200,000 (initial advance $250,000) secured by a super-priority court-ordered charge — this is a forecast/post-filing facility, not pre-filing debt, and is excluded from the amount. — debtor: 1035638 B.C. Ltd. and Kainos Building Group Ltd. | — | Pre-Filing Report of the Monitor |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Documents5 filings
| Date | Document | File |
|---|---|---|
Initial Order
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
Pre-Filing Report of the Monitor
| PDF · Subscribers | |
Affidavit #1 of Cory Stark
| PDF · Subscribers | |
Petition
| 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., “1035638 B.C. Ltd. and Kainos Building Group Ltd.” (CCAA), Supreme Court of British Columbia. Retrieved 12 November 2026, https://proceedings.ca/case/kainos