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.
Follow- Proceeding
- Insolvency proceeding (type unspecified)
- File
- S209399
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.
15 earlier updates, back to 30 April 2021 — subscribers.
Debtor
Konnect Brookside Villas Limited Partnership and Konnect Brookside Holdings Ltd.
Court officer
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 |
1133823 B.C. Ltd.: no distribution.Fifth Report of the Receiver · 31 Oct 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | 1133823 B.C. Ltd. | — | no distribution | per the receiver | Fifth Report of the Receiver · 31 Oct 2022 |
| Unsecured | Axus | — | no distribution | per the receiver | Fifth Report of the Receiver · 31 Oct 2022 |
| Unsecured | Deborah Claire Lucas & Frederic Joseph Pascal Gagne | — | no distribution | per the receiver | Fifth Report of the Receiver · 31 Oct 2022 |
| Unsecured | Mahmood Mangalji | — | no distribution | per the receiver | Fifth Report of the Receiver · 31 Oct 2022 |
| Unsecured | Robert Louie | — | no distribution | per the receiver | Fifth Report of the Receiver · 31 Oct 2022 |
| Unsecured | Scott Contracting et al. | — | no distribution | per 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.
6 engagements · 2 firms — latest: Fasken Martineau DuMoulin LLP, 1 Jun – 30 Sep 2022Fifth 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 | — | — | — | Fifth Report of the Receiver · 31 Oct 2022 |
| Grant Thornton LimitedReceiverperiod 5 of 5 | 1 Jun – 30 Sep 2022 | — | — | — | 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 |
| Grant Thornton LimitedReceiverperiod 3 of 5 | 1 Aug – 31 Aug 2022 | — | — | —6 people | Fifth Report of the Receiver · 31 Oct 2022 |
| Grant Thornton LimitedReceiverperiod 2 of 5 | 1 Jul – 31 Jul 2022 | — | — | —5 people | Fifth Report of the Receiver · 31 Oct 2022 |
| Grant Thornton LimitedReceiverperiod 1 of 5 | 1 Jun – 30 Jun 2022 | — | — | —5 people | Fifth Report of the Receiver · 31 Oct 2022 |
Cumulative receipts
$16.2M
As at 31 Oct 2022Fifth Report of the Receiver dated October 31, 2022
| 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.” (Insolvency proceeding (type unspecified)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/konnect-brookside-villas-limited-partnership-and-konnect-brookside-holdings-ltd