Proceedings.

M&L General Contracting Ltd. and M&L Holdings Ltd

ActiveFollow
Proceeding
Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
Court
Court of King's Bench of Manitoba
File
CI 14-01-90850
Industry
Construction · General contractors
Filings held21
Last activity29 Jan 2018
On the record4,453 days
Secured debtSubscribers
OverviewSummary updated

M&L General Contracting Ltd. and M&L Holdings Ltd have been under court-appointed receivership since August 27, 2014, when Ernst & Young Inc. was appointed receiver on the application of Royal Bank of Canada under section 243 of the Bankruptcy and Insolvency Act, in the Court of King's Bench of Manitoba under file CI 14-01-90850. RBC, described as the principal secured creditor, holds general security over the M&L loans and credit facilities and a first-ranking collateral mortgage over 83 Higgins Avenue securing Holdings' guarantee; its approximate balance owing was $2,300,000, inclusive of a $46,380.11 set-off applied against secured loans, as advised to the Receiver at March 10, 2015. The Lockport Yard is subject to a first-ranking mortgage held by 0897359 BC Ltd., registered in the principal amount of $250,000 plus interest and costs, with approximately $291,000 outstanding as at November 2014. Roynat Inc. holds an interest in the yard's Quonset hut and has advised it would release that interest on payment of $35,000. The receivership remains active.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Trust Claims Process dated 26 March 2015.

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Case updates21 dated entries
#Report

The officer filed report no. Second Report of the Receiver. M&L no longer operates; the Receiver has sold the real property, collected or settled most receivables, is administering a trust claims process, and continues only to pursue the MHRC litigation, with no recovery expected for unsecured creditors.

Source: The purpose of this second report of the Receiver (the "Second Report") is to advise this Honourable Court with respect to: a) the activities of the Receiver since the date of the First Report, b) the realization of certain M&L assets, c) the Receiver's interim statement of receipts and disbursements, d) the Receiver's proposed distribution to creditors and trust claimants, and e) the Receiver's conclusions and recommendations

#Report

The officer filed a report. M&L had ceased ongoing business operations and had no construction projects in process at the time of the receivership. Its physical assets have been realized upon, and the Receiver is pursuing litigation over disputed pre-receivership construction receivables, with timing of completion depending on those proceedings.

Source: Receiver's s.246(2) report

#Report

The officer filed report no. Supplement to the First Report. Court file CI 14-01-90850.

Source: This is a Supplement to the First Report of the Receiver dated March 10, 2015. It is to be read in conjunction with the First Report and in conjunction with the Confidential Report of the Receiver dated March In, 2015 (the "Confidential Report"). Capitalized terms used in this Supplement shall bear the meanings ascribed to them in the First Report. With respect to the sale of the real property and chattels at located at 83 Higgins Avenue in Winnipeg, Manitoba, the Offer to Purchase entered into between the Receiver and the Purchaser for such sale did not set out the full legal descriptions for the civic address of 83 Higgins, such that a portion of the legal descriptions was omitted. The Receiver entered into an Addendum to Offer to Purchase with the Purchaser dated March 16, 2015 in order to correct the legal descriptions of the lands being sold. A true copy of the Addendum to Offer to Purchase is attached to this Supplement as Appendix "A"

#Report

This Court approves the accounts of the Receiver and its legal counsel as are appended to the First Report, provided that any interested party may challenge the reasonableness of any such accounts by filing a Notice of Motion in the Court and serving it on the Receiver and all parties on the Service List no later than 45 days following the date of this Order. This Court orders and declares that the Receiver’s Confidential Report shall be treated as confidential and sealed and shall neither form part of the public record nor be disclosed to any party to this proceeding or otherwise, except: (a) by further Order of the Court, following notice to the Receiver of such motion; (b) on January 2, 2016; or (c) upon the date on which the Receiver files with the Court written notices that the transactions contemplated in both the Lockport Offer and the Sale Agreement concerning 83 Higgins have closed to the satisfaction of the Receiver; whichever shall first occur, whereupon the Receiver’s Confidential Report shall form part of the public record and no longer be regarded as sealed. This Court approves and authorizes the interim distribution by the Receiver to the Royal Bank of Canada (“RBC”) of the net proceeds from the sale of 83 Higgins, after the closing of the sale of 83 Higgins as described in the First Report. This Court approves and authorizes the distribution by the Receiver of $35,000 to Roynat Inc. in full satisfaction of all claims by Roynat Inc. against the Lockport Yard and the Quonset hut located thereupon, following closing of the Lockport Offer, as described in the First Report. This Court approves and authorizes the Trust Claims Process set forth in Schedule “A” to this Order and as discussed in the First Report, and directs the Receiver to proceed with the Trust Claims Process — Court officer report

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#Sale

The court granted an approval and vesting order for the sale to Terry Fraser. Closing terms, as extracted: Delivery of Receiver's Certificate confirms payment, satisfaction of conditions, and completion of the Transaction.

Source: Sale Approval and Vesting Order (Lots 14 & 15)

#Sale

The court granted an approval and vesting order for the sale to Terry Fraser.

Source: This Court orders and declares that the agreement of purchase and sale between the Purchaser (Terry Fraser), and the Receiver made as of March 11, 2015 (the "Transaction"), whereby the Purchaser agrees to purchase and the Receiver agrees to sell certain real property of M & L General Contracting Ltd. civically addressed as 160 and 180 I-XL Crescent, RM of St. Clements, Manitoba (the "M&L General Property"), and legally described as follows: Lots 14 and 15, Block 4, Plan 43593 WLTO Exc All Mines and Minerals In RL 155 to 162 Parish of St. Andrews, is hereby approved, and that the Transaction is commercially reasonable and in the best interest of stakeholders. The Receiver be and it is hereby authorized and directed to take such additional steps and execute such additional documents as may be necessary or desirable for the completion of the Transaction and for the conveyance of the M&L General Property to the Purchaser

#Sale

The court granted an approval and vesting order.

Source: This Court orders and declares that the agreement of purchase and sale between the Clearwater Investments Inc. (the "Purchaser"), and accepted by the Receiver on November 21, 2014 (as amended in writing, the "Agreement") (the transaction of purchase and sale contemplated by the Agreement, the "Transaction"), to purchase: (a) certain real property of M & L Holdings Ltd. commonly known as 83 Higgins Avenue, Winnipeg, Manitoba (the "Land"), and legally described as follows: Lots 7 and 8, Plan 41 VVLTO (\N Div) Exc Higgins Avenue In RL 14 Parish of St. John, Lots 4, 5 and 6 Plan 41WLTO (w Div) In RL Parish of St. John, and (b) all buildings, structures, erections, improvements, appurtenances and mixtures situated in or upon all of the Land and all systems, machinery and equipment used or intended to be used in connection with the operation and maintenance thereof, including, but not limited to, all electrical fixtures, panels and switch boxes,, heating fixtures and equipment, air conditioning units and equipment, fencing, plumbing and bathroom fixtures as installed, screens, storm windows and doors, window blinds, partitions, power wiring and installations, pumps and compressors, Signage, washers, dryers, pylon signs, spray booth, dust collection system, all built-in cabinets and desks, outside LED screen and associated hardware/software, dishwashers, refrigerators, stoves and other household appliances, televisions, desks, chairs, filing systems, tables, artwork and other fixtures and equipment as well as all other chattels situated on the Land as of the date of the Agreement, excluding all vehicles and trailers (collectively, the "Improvements, Fixtures and Personal Property"), (the Land and the Improvements, Fixtures and Personal Property, collectively, the "M&L Holdings Property")

#Report

1. Approval of the First Report of the Receiver dated March 10, 2015 (the "First Report") and the activities of the Receiver described therein, including the Receiver's Interim Statement of Receipts and Disbursements appended to the First Report (all capitalized terms not otherwise defined herein shall have the meanings set out in the First Report), 2. Approval of the fees and disbursements of the Receiver and its counsel as set out in the First Report, 3. Sealing of the Confidential Report of the Receiver dated March 11, 2015 (the "Receiver's Confidential Report"), 4. Approval of the sale by the Receiver of 83 Higgins as provided for in the First Report and the vesting of title to such property in Clearwater Investments Inc. subject only to the encumbrances specified in the draft Approval and Vesting Order Re: Lots 7 and 8, Plan 41 WLTO (W Div) filed herewith, 5. Approval of the interim distribution by the Receiver to the Royal Bank of Canada ("RBC") of the net proceeds from the sale of 83 Higgins, after the closing of such sale, as described in the First Report, 6. Approval of the sale by the Receiver of the Lockport Yard as provided for in the First Report and the vesting of title to such property in Terry Fraser subject only to the encumbrances specified in the draft Approval and Vesting Order Re: Lots 14 and 15, Block 4, Plan 43593 WLTO filed herewith, 7. Approval of the distribution by the Receiver of $35,000 to Roynat Inc. following closing of the Lockport Offer, as described in the First Report, 8. Approval of a Trust Claims Process for determining the claims of any person against M&L General Contracting Ltd. and M&L Holdings Ltd. as the beneficiary of any trust fund constituted or otherwise provided for pursuant to The Builder's Lien Act, C.C.S.M. B91, as described in the First Report and more particularly described in the Draft Order filed herewith — Court officer report

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#Report

The purpose of this first report of the Receiver (the "First Report") is to advise this Honourable Court with respect to: a) the background of M&L, b) the activities of the Receiver since the date of the Order, c) the realization of certain M&L assets, d) the Receiver's efforts to sell the real property of M&L, e) a proposed claims process to determine the existence and quantum of possible claims by subcontractors of M&L who may assert lien or trust claims pursuant to The Builders ' Liens Act, R.S.M. 1987 c.B9l (the "BLA"), f) the fees and disbursements of the Receiver and its legal counsel, and g) the Receiver's conclusions and recommendations — Court officer report

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#Order

The court appointed Ernst & Young Inc. as receiver and manager, on the application of ROYAL BANK OF CANADA. Court file CI 14-01-90850.

Source: This Court orders that pursuant to s.243(1) of the BIA and s.55 of the QBA, Ernst & Young Inc. is hereby appointed Receiver, without security, of all of the current and future assets, undertakings and properties of the Debtors, wheresoever situate, acquired for, or used in relation to a business carried on by the Debtors, including all proceeds thereof (the "Property")

Parties

Debtor

M&L General Contracting Ltd. and M&L Holdings Ltd

Receiver

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice EdmondCourt of King's Bench of Manitoba3 orders, Mar 20157 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverEYMiller Thomson LLP18 Mar 2015Service list · 18 Mar 2015
DebtorM&L General Contracting Ltd. and M&L Holdings LtdPitblado LLP · Thompson Dorfman Sweatman LLP27 Aug 2014Service list · 11 Mar 2015
PurchaserD'Arcy & Deacon LLP18 Mar 2015This Court orders and declares t · 18 Mar 2015
Creditor1124965 Ontario Limited, carrying on business as Secure StoreHGR Graham Partners LLP11 Mar 2015Service list · 11 Mar 2015
CreditoranyoneMiller Thomson LLP18 Mar 2015Service list · 18 Mar 2015
CreditorBfiMLT Aikins LLP11 Mar 2015Service list · 11 Mar 2015
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
SecuredRoyal Bank of Canada · in 584 casesas of current balance as advised to Receiver (report date, March 10, 2015) — First-ranking collateral mortgage over 83 Higgins Avenue securing Holdings' guarantee and postponement of claim in respect of General's direct obligations; general security over M&L loans and credit facilities — Approximate balance owing for all loans and credit facilities, inclusive of $46,380.11 set-off applied by RBC against secured loans, plus costs. Detailed security/indebtedness described in Holmes Affidavit sworn August 21, 2014 (not included in provided pages). RBC is described as principal secured creditor of$2.3MThe purpose of this first report of the Receiver (the "First Report") is to advise this Honourable Court with respect to: a) the background of M&L, b) the activities of the Receiver since the date of the Order, c) the realization of certain M&L assets, d) the Receiver's efforts to sell the real property of M&L, e) a proposed claims process to determine the existence and quantum of possible claims by subcontractors of M&L who may assert lien or trust claims pursuant to The Builders ' Liens Act, R.S.M. 1987 c.B9l (the "BLA"), f) the fees and disbursements of the Receiver and its legal counsel, and g) the Receiver's conclusions and recommendations
Secured
Secured
Secured

3 more claims in 1 class The stack holds Secured claims.

Every creditor and every amount, drawn to scale.

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This 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.

Sale processAs stated in the filings

5 transactions · 3 closed · 2 approved — Sale of the real property at 83 Higgins and the Lockport Yard closedThe purpose of this second report of the Receiver (the "Second Report")… · 17 Jan 2018

PurchaserPriceStatusSource
Clearwater Investments Inc.certain real property of M & L Holdings Ltd. commonly known as 83 Higgins Avenue, Winnipeg, Manitoba (the 'M&L Holdings Property') · real property · agreement 21 Nov 2014SubscribersClosed25 Mar 2015The purpose of this second report of the…
Terry Frasercertain real property of M & L General Contracting Ltd. civically addressed as 160 and 180 I-XL Crescent, RM of St. Clements, Manitoba (the "M&L General Property") · real property · agreement 11 Mar 2015SealedApproved17 Mar 2015Sale Approval and Vesting Order (Lots 14 & 15)
purchaser under the Lockport Offerthe Lockport Yard and the Quonset hut located thereupon · asset salenot statedApprovedThis Court approves the accounts of the…
purchaser of 83 Higgins real property, unnamedthe real property and n n r nn n he satisfaction of the Receiver · real propertynot statedClosedThe purpose of this second report of the…
purchaser of the Lockport Yard, unnamedthe real property of the Lockport Yard · real propertynot statedClosed1 Apr 2015The purpose of this second report of the…
AdvisorsColliers (listing broker); Adesa Winnipeg (auctioneer); Stevenson Advisors Ltd. (financial advisor); Kaye's Auction House Inc. (auctioneer); McSherry Auction Service Ltd. (auctioneer)The purpose of this first report of the Receiver (the "First Report")…
Closing termsDelivery of Receiver's Certificate confirms payment, satisfaction of conditions, and completion of the TransactionSale Approval and Vesting Order (Lots 14 & 15)
RecoveriesAs declared or paid

Unsecured creditors: no distribution. RBC a distribution · Roynat a distribution.EstimatedThe purpose of this second report of the Receiver (the "Second Report")… · 17 Jan 2018

ClassCreditorClaimsRecoveryBasisSource
Secured——paid in fullEstimatedper the receiverThe purpose of this second report of the Receiver (the "Second Report")… · 17 Jan 2018
SecuredRBC—interimFinalper the receiverThe purpose of this second report of the Receiver (the "Second Report")… · 17 Jan 2018
SecuredRoynat—interimFinalper the receiverThe purpose of this second report of the Receiver (the "Second Report")… · 17 Jan 2018
Unsecured——no distributionEstimatedper the receiverThe purpose of this second report of the Receiver (the "Second Report")… · 17 Jan 2018

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.

2 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Cumulative receipts

$3.19M

As at 17 Jan 2018The purpose of this second report of the Receiver (the "Second Report") is to advise this Honourable Court with respect to: a) the activities of the Receiver since the date of the First Report, b) the realization of certain M&L assets, c) the Receiver's interim statement of receipts and disbursements, d) the Receiver's proposed distribution to creditors and trust claimants, and e) the Receiver's conclusions and recommendations

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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Documents
21 filings
DateDocumentFile
The Second Report, the Receiver’s Interim Statement of Receipts and Disbursements appended thereto, and the Receiver’s activities described therein, are hereby ratified and approved. All capitalized terms not otherwise defined herein shall have the meanings set out in the Second Report. The Receiver is authorized and directed to make the distributions to Trust Claimants as set forth in paragraphs 81 and 82 of the Second Report
PDF · Subscribers
The purpose of this second report of the Receiver (the "Second Report") is to advise this Honourable Court with respect to: a) the activities of the Receiver since the date of the First Report, b) the realization of certain M&L assets, c) the Receiver's interim statement of receipts and disbursements, d) the Receiver's proposed distribution to creditors and trust claimants, and e) the Receiver's conclusions and recommendations
  • Closing confirmed Closed · 25 Mar 2015; Closed · 1 Apr 2015
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Receiver's s.246(2) report
  • Operational summary M&L had ceased ongoing business operations and had no construction projects in process at the time of the receivership. Its physical assets have been realized upon, and the Receiver is pursuing litigation over disputed pre-receivership construction receivables, with timing of completion depending on those proceedings.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Notice of Dispute templatePDF · Subscribers
Frequently Asked QuestionsPDF · Subscribers
Instruction LetterPDF · Subscribers
Proof of ClaimPDF · Subscribers
Trust Claims ProcessPDF · Subscribers
This is a Supplement to the First Report of the Receiver dated March 10, 2015. It is to be read in conjunction with the First Report and in conjunction with the Confidential Report of the Receiver dated March In, 2015 (the "Confidential Report"). Capitalized terms used in this Supplement shall bear the meanings ascribed to them in the First Report. With respect to the sale of the real property and chattels at located at 83 Higgins Avenue in Winnipeg, Manitoba, the Offer to Purchase entered into between the Receiver and the Purchaser for such sale did not set out the full legal descriptions for the civic address of 83 Higgins, such that a portion of the legal descriptions was omitted. The Receiver entered into an Addendum to Offer to Purchase with the Purchaser dated March 16, 2015 in order to correct the legal descriptions of the lands being sold. A true copy of the Addendum to Offer to Purchase is attached to this Supplement as Appendix "A"
  • Applicant Royal Bank of Canada
  • Appointee Ernst & Young Inc.
  • Appointee role Receiver
  • Cash on hand Subscribers
  • + 11 more extracted facts
PDF · Subscribers
This Court approves the accounts of the Receiver and its legal counsel as are appended to the First Report, provided that any interested party may challenge the reasonableness of any such accounts by filing a Notice of Motion in the Court and serving it on the Receiver and all parties on the Service List no later than 45 days following the date of this Order. This Court orders and declares that the Receiver’s Confidential Report shall be treated as confidential and sealed and shall neither form part of the public record nor be disclosed to any party to this proceeding or otherwise, except: (a) by further Order of the Court, following notice to the Receiver of such motion; (b) on January 2, 2016; or (c) upon the date on which the Receiver files with the Court written notices that the transactions contemplated in both the Lockport Offer and the Sale Agreement concerning 83 Higgins have closed to the satisfaction of the Receiver; whichever shall first occur, whereupon the Receiver’s Confidential Report shall form part of the public record and no longer be regarded as sealed. This Court approves and authorizes the interim distribution by the Receiver to the Royal Bank of Canada (“RBC”) of the net proceeds from the sale of 83 Higgins, after the closing of the sale of 83 Higgins as described in the First Report. This Court approves and authorizes the distribution by the Receiver of $35,000 to Roynat Inc. in full satisfaction of all claims by Roynat Inc. against the Lockport Yard and the Quonset hut located thereupon, following closing of the Lockport Offer, as described in the First Report. This Court approves and authorizes the Trust Claims Process set forth in Schedule “A” to this Order and as discussed in the First Report, and directs the Receiver to proceed with the Trust Claims Process
  • Counsel Miller Thomson LLP
  • Purchaser purchaser under the Lockport Offer · the Lockport Yard and the Quonset hut located thereupon · asset sale · approved; purchaser of 83 Higgins · 83 Higgins · real property · approved
  • Recovery outcome Entries: per unstated; per unstated · Table missing:
  • Financial position Subscribers
  • + 1 more extracted fact
PDF · Subscribers
This Court orders and declares that the agreement of purchase and sale between the Purchaser (Terry Fraser), and the Receiver made as of March 11, 2015 (the "Transaction"), whereby the Purchaser agrees to purchase and the Receiver agrees to sell certain real property of M & L General Contracting Ltd. civically addressed as 160 and 180 I-XL Crescent, RM of St. Clements, Manitoba (the "M&L General Property"), and legally described as follows: Lots 14 and 15, Block 4, Plan 43593 WLTO Exc All Mines and Minerals In RL 155 to 162 Parish of St. Andrews, is hereby approved, and that the Transaction is commercially reasonable and in the best interest of stakeholders. The Receiver be and it is hereby authorized and directed to take such additional steps and execute such additional documents as may be necessary or desirable for the completion of the Transaction and for the conveyance of the M&L General Property to the Purchaser
  • Counsel D'Arcy & Deacon LLP
  • Order date 17 March 2015
  • Presiding officer Justice J.G. Edmond
  • Purchaser Terry Fraser · certain real property of M & L General Contracting Ltd. civically addressed as 160 and 180 I-XL Crescent, RM of St. Clements, Manitoba (the "M&L General Property") · real property · approved
  • + 1 more extracted fact
PDF · Subscribers
1. Approval of the First Report of the Receiver dated March 10, 2015 (the "First Report") and the activities of the Receiver described therein, including the Receiver's Interim Statement of Receipts and Disbursements appended to the First Report (all capitalized terms not otherwise defined herein shall have the meanings set out in the First Report), 2. Approval of the fees and disbursements of the Receiver and its counsel as set out in the First Report, 3. Sealing of the Confidential Report of the Receiver dated March 11, 2015 (the "Receiver's Confidential Report"), 4. Approval of the sale by the Receiver of 83 Higgins as provided for in the First Report and the vesting of title to such property in Clearwater Investments Inc. subject only to the encumbrances specified in the draft Approval and Vesting Order Re: Lots 7 and 8, Plan 41 WLTO (W Div) filed herewith, 5. Approval of the interim distribution by the Receiver to the Royal Bank of Canada ("RBC") of the net proceeds from the sale of 83 Higgins, after the closing of such sale, as described in the First Report, 6. Approval of the sale by the Receiver of the Lockport Yard as provided for in the First Report and the vesting of title to such property in Terry Fraser subject only to the encumbrances specified in the draft Approval and Vesting Order Re: Lots 14 and 15, Block 4, Plan 43593 WLTO filed herewith, 7. Approval of the distribution by the Receiver of $35,000 to Roynat Inc. following closing of the Lockport Offer, as described in the First Report, 8. Approval of a Trust Claims Process for determining the claims of any person against M&L General Contracting Ltd. and M&L Holdings Ltd. as the beneficiary of any trust fund constituted or otherwise provided for pursuant to The Builder's Lien Act, C.C.S.M. B91, as described in the First Report and more particularly described in the Draft Order filed herewith
  • Recovery outcome Entries: per unstated · Table missing:
  • Financial position · Stalking horse Subscribers
PDF · Subscribers
This Court orders and declares that the agreement of purchase and sale between the Clearwater Investments Inc. (the "Purchaser"), and accepted by the Receiver on November 21, 2014 (as amended in writing, the "Agreement") (the transaction of purchase and sale contemplated by the Agreement, the "Transaction"), to purchase: (a) certain real property of M & L Holdings Ltd. commonly known as 83 Higgins Avenue, Winnipeg, Manitoba (the "Land"), and legally described as follows: Lots 7 and 8, Plan 41 VVLTO (\N Div) Exc Higgins Avenue In RL 14 Parish of St. John, Lots 4, 5 and 6 Plan 41WLTO (w Div) In RL Parish of St. John, and (b) all buildings, structures, erections, improvements, appurtenances and mixtures situated in or upon all of the Land and all systems, machinery and equipment used or intended to be used in connection with the operation and maintenance thereof, including, but not limited to, all electrical fixtures, panels and switch boxes,, heating fixtures and equipment, air conditioning units and equipment, fencing, plumbing and bathroom fixtures as installed, screens, storm windows and doors, window blinds, partitions, power wiring and installations, pumps and compressors, Signage, washers, dryers, pylon signs, spray booth, dust collection system, all built-in cabinets and desks, outside LED screen and associated hardware/software, dishwashers, refrigerators, stoves and other household appliances, televisions, desks, chairs, filing systems, tables, artwork and other fixtures and equipment as well as all other chattels situated on the Land as of the date of the Agreement, excluding all vehicles and trailers (collectively, the "Improvements, Fixtures and Personal Property"), (the Land and the Improvements, Fixtures and Personal Property, collectively, the "M&L Holdings Property")
  • Order date 17 March 2015
  • Sale outcome Sale approved — the Court approved the transaction and ordered vesting of the M&L Holdings Property in the Purchaser
  • Stalking horse Subscribers
PDF · Subscribers
Draft Order Approving Claims Process and Other MattersPDF · Subscribers
Notice to Trust ClaimantsPDF · Subscribers
Sale Approval and Vesting Order (Lots 14 & 15)
  • Closing terms Delivery of Receiver's Certificate confirms payment, satisfaction of conditions, and completion of the Transaction
  • Order date 17 March 2015
  • Presiding officer Justice J.G. Edmond
  • Purchaser Terry Fraser · certain real property of M & L General Contracting Ltd. civically addressed as 160 and 180 I-XL Crescent, RM of St. Clements, Manitoba (the 'M&L General Property') · real property · approved
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval and Vesting Order (Lots 4, 5, 6, 7 & 8 - 83 Higgins)
  • Closing terms vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditions
  • Order date 17 March 2015
  • Presiding officer Justice J.G. Edmond
  • Purchaser Clearwater Investments Inc. · certain real property of M & L Holdings Ltd. commonly known as 83 Higgins Avenue, Winnipeg, Manitoba (the 'M&L Holdings Property') · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Service List
  • Counsel Thompson Dorfman Sweatman LLP
PDF · Subscribers
The purpose of this first report of the Receiver (the "First Report") is to advise this Honourable Court with respect to: a) the background of M&L, b) the activities of the Receiver since the date of the Order, c) the realization of certain M&L assets, d) the Receiver's efforts to sell the real property of M&L, e) a proposed claims process to determine the existence and quantum of possible claims by subcontractors of M&L who may assert lien or trust claims pursuant to The Builders ' Liens Act, R.S.M. 1987 c.B9l (the "BLA"), f) the fees and disbursements of the Receiver and its legal counsel, and g) the Receiver's conclusions and recommendations
  • Applicant Royal Bank of Canada
  • Appointee Ernst & Young Inc.
  • Appointee role Receiver
  • Commencement date 27 August 2014
  • + 11 more extracted facts
PDF · Subscribers
Notice of ReceiverPDF · Subscribers
This Court orders that pursuant to s.243(1) of the BIA and s.55 of the QBA, Ernst & Young Inc. is hereby appointed Receiver, without security, of all of the current and future assets, undertakings and properties of the Debtors, wheresoever situate, acquired for, or used in relation to a business carried on by the Debtors, including all proceeds thereof (the "Property")
  • Applicant ROYAL BANK OF CANADA
  • Appointee Ernst & Young Inc.
  • Appointee role receiver and manager
  • Commencement date 27 August 2014
  • + 4 more extracted facts
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., “M&L General Contracting Ltd. and M&L Holdings Ltd” (Receivership (court-appointed)), Court of King's Bench of Manitoba. Retrieved 4 November 2026, https://proceedings.ca/case/m-l-general-contracting-ltd-and-m-l-holdings-ltd

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Sources last checked · summary updated 29 August 2026 · Report a correction · Printed from proceedings.ca/case/m-l-general-contracting-ltd-and-m-l-holdings-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.