The officer filed report no. Fifth Report. The receivership sale of the Project completed on September 1, 2022 for $11,000,000; the Receiver has substantially completed its duties, leaving only record destruction, final GST filings, cost settlement, and a final distribution to CWB, and seeks its discharge.
Konnect Brookside Villas Limited Partnership and Konnect Brookside Holdings Ltd.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- S209399
- Industry
- Real estate · Residential development
Konnect Brookside Villas Limited Partnership and Konnect Brookside Holdings Ltd. are subject to insolvency proceedings in the Supreme Court of British Columbia (file S-209399), commenced October 6, 2020, with Grant Thornton Limited as applicant. SK Form & Finish Inc. has registered a builders lien against the lands owned by Konnect Brookside Villas Limited Partnership, for work performed before the order, representing about 47% of its contract, in the amount of $20,166. Canadian Western Bank holds security against Konnect Brookside Villas Limited Partnership for construction mortgage financing advanced under a commitment letter dated July 11, 2018, covering Phase 1 of the project.
Application Record of the Receiver returnable January 15, 2021 — Application / notice of application
Response to Petition (Arvind Shankar), filed September 23, 2020 — Response / objection pleading
Response to Petition (Axus Property Corporation), filed September 23, 2020 — Response / objection pleading
Debtor
Konnect Brookside Villas Limited Partnership and Konnect Brookside Holdings Ltd.
Receiver
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | SK Form & Finish Inc.Builders lien filed against the Lands — Lien for work performed prior to the Receivership Order, representing approximately 47% of the contract — debtor: Konnect Brookside Villas Limited Partnership · as of 16 Oct 2020 | $20.2K | First Report of the Receiver dated December 7, 2020 |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
Every creditor and every amount.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Unsecured creditors: no distribution. Canadian Western Bank short.EstimatedFifth Report of the Receiver · 31 Oct 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredCWB | Canadian Western Bank | — | short by final | Estimatedper the receiver | Fifth Report of the Receiver · 31 Oct 2022 |
| Unsecured | creditors in addition to CWB (Axus, 1133823 B.C. Ltd., Deborah Claire Lucas & Frederic Joseph Pascal Gagne, Mahmood Mangalji, Scott Contracting et al., Robert Louie) | — | no distribution | Estimatedper the receiver | Fifth Report of the Receiver · 31 Oct 2022 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans6 engagements · 2 firms — latest: Fasken Martineau DuMoulin LLP, 1 Jun – 30 Sep 2022, in feesFifth Report of the Receiver · 31 Oct 2022
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fasken Martineau DuMoulin LLPCounsel to the receiver | 1 Jun – 30 Sep 2022 | — | not stated | Fifth Report of the Receiver · 31 Oct 2022 | ||||||||||||||||||||||||||||||||||||
| Grant Thornton LimitedReceiverperiod 5 of 5 | 1 Jun – 30 Sep 2022 | not stated | Fifth Report of the Receiver · 31 Oct 2022 | |||||||||||||||||||||||||||||||||||||
| Grant Thornton LimitedReceiverperiod 5 of 5 | 1 Sep – 30 Sep 2022 | — | 6 people | Fifth Report of the Receiver · 31 Oct 2022 | ||||||||||||||||||||||||||||||||||||
6 people — Grant Thornton Limited, 1 Sep – 30 Sep 2022 · 12 blurred figures
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| Grant Thornton LimitedReceiverperiod 3 of 5 | 1 Aug – 31 Aug 2022 | — | 6 people | Fifth Report of the Receiver · 31 Oct 2022 | ||||||||||||||||||||||||||||||||||||
6 people — Grant Thornton Limited, 1 Aug – 31 Aug 2022 · 12 blurred figures
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| Grant Thornton LimitedReceiverperiod 2 of 5 | 1 Jul – 31 Jul 2022 | — | 5 people | Fifth Report of the Receiver · 31 Oct 2022 | ||||||||||||||||||||||||||||||||||||
5 people — Grant Thornton Limited, 1 Jul – 31 Jul 2022 · 10 blurred figures
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| Grant Thornton LimitedReceiverperiod 1 of 5 | 1 Jun – 30 Jun 2022 | — | 5 people | Fifth Report of the Receiver · 31 Oct 2022 | ||||||||||||||||||||||||||||||||||||
5 people — Grant Thornton Limited, 1 Jun – 30 Jun 2022 · 10 blurred figures
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55 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansCumulative receipts
$16.2M
As at 31 Oct 2022Fifth Report of the Receiver dated October 31, 2022
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Fifth Report of the Receiver dated October 31, 2022
| PDF · Subscribers | |
Fourth Report of the Receiver dated July 6, 2022
| PDF · Subscribers | |
| Application Record Index returnable November 2, 2021 | PDF · Subscribers | |
Supplement to the Third Report of the Receiver dated October 29, 2021
| PDF · Subscribers | |
| Third Report of the Receiver dated October 15, 2021 | PDF · Subscribers | |
| Service List as at October 13, 2021 | PDF · Subscribers | |
Application Record Index returnable May 4, 2021
| PDF · Subscribers | |
| Second Report of the Receiver dated April 30, 2021 | PDF · Subscribers | |
Application Record of the Receiver returnable January 15, 2021
| PDF · Subscribers | |
Supplement to the First Report of the Receiver dated January 14, 2021
| PDF · Subscribers | |
First Report of the Receiver dated December 7, 2020
| PDF · Subscribers | |
| Affidavit of A. Shankar, sworn September 23, 2020 | PDF · Subscribers | |
| Affidavit of Y. D'Costa, sworn September 23, 2020 | PDF · Subscribers | |
| Response to Petition (Arvind Shankar), filed September 23, 2020 | PDF · Subscribers | |
| Response to Petition (Axus Property Corporation), filed September 23, 2020 | PDF · Subscribers | |
| Affidavit of D. Chan, sworn September 18, 2020 | PDF · Subscribers | |
Petition to the Court, filed September 18, 2020
| PDF · Subscribers | |
| Affidavit of L. Grillandini, sworn September 17, 2020 | 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., “Konnect Brookside Villas Limited Partnership and Konnect Brookside Holdings Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/konnect-brookside-villas-limited-partnership-and-konnect-brookside-holdings-ltd