MGT Management Inc. and MGT Aggregate Products Inc. have been in court-appointed receivership in Alberta since December 2, 2022, when the Royal Bank of Canada obtained the appointment of BDO Canada Limited as interim receiver and receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act and 65(7) of the Personal Property Security Act. The proceeding is carried in the Court of King's Bench of Alberta under file 2201-13687 and remains active. RBC's secured claim is reported at CAD 1,384,768, with Accord Small Business Leasing Corp. and Varion Capital Corp. DBA Accord Financial shown jointly at CAD 990,280. Schedule A lists unsecured claims led by Jay Sidhu Transport Ltd. at CAD 339,017.89 and Tyalta Industries Inc. at CAD 269,873.12.
The court granted an approval and vesting order for the sale to the Debtors' right, title and interest in and to the assets purchased by such Purchaser at the Auction. Closing terms, as extracted: Auction Transactions complete upon sale, receipt of price, and delivery of bill of sale, followed by Receiver's Closing Certificate.
The officer filed report no. First Report. MGT's quarry operations ceased upon the Receiver's appointment; the Receiver recovered equipment, engaged a liquidator to conduct an auction, and pursued limited collection of accounts receivable while a sale of aggregate inventory remains pending.
Order placing both MGT Management Inc. and MGT Aggregate Products Inc. into court-appointed receivership, commencing the Alberta proceeding under court file 2201-13687.
Source: Consent Receivership Order filed on December 7, 2022
Debtor
MGT Management Inc. & MGT Aggregate Products Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Little | Court of King's Bench of Alberta | 3 orders, Jun 2023 | 59 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorMGT Management Inc. & MGT Aggregate Products Inc. | Harry W. Sawchuk Barrister & Solicitor Rowanoak Law Office | 21 Nov 2022 | Service list · 21 Nov 2022 |
| CreditorRoyal Bank of Canada | McMillan LLP | 7 Jun 2023 | Service list · 7 Jun 2023 |
| CreditorWrit of Enforcement | Warren Sinclair LLP | 21 Nov 2022 | Service list · 21 Nov 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesamount unknown as stated — debtor: MGT Management Inc. and MGT Aggregate Products Inc. | — | Notice of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
98 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
2 transactions · 1 proposed · 1 approved — Auction Agreement approved and Auctioneer authorized to conduct auctionOrder re Sale Approval - Filed June 13, 2023 · 13 Jun 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers at McDougall's public auction, unnamedcertain equipment (the 'Assets') owned by MGT · auction | Subscribers | Proposed | First Report of the Receiver - June 5 2023 |
| end purchasers at auction, unnamedthe Debtors' right, title and interest in and to the assets purchased by such Purchaser at the Auction · auction | Subscribers | Approved13 Jun 2023 | Order re Sale Approval - Filed June 13, 2023 |
Cumulative receipts
$109K
As at 5 Jun 2023First Report of the Receiver - June 5 2023
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Application for Sale Approval | PDF · Subscribers | |
Order re Increase Receivers Charge_ Filed June 13 2023
| PDF · Subscribers | |
Order re Sale Approval - Filed June 13, 2023
| PDF · Subscribers | |
Sealing Order - Filed June 13, 2023
| PDF · Subscribers | |
| Authorities to the Brief of the Receiver | PDF · Subscribers | |
| Brief of the Receiver | PDF · Subscribers | |
| Letter to the Service List encl. Unfiled Brief and Authorities | PDF · Subscribers | |
Service List - MGT Management Inc. (Updated June 7, 2023)
| PDF · Subscribers | |
First Report of the Receiver - June 5 2023
| PDF · Subscribers | |
Notice of Receiver
| PDF · Subscribers | |
Consent Receivership Order filed on December 7, 2022
| PDF · Subscribers | |
Originating Application
| PDF · Subscribers | |
| Affidavit of Natalia Naraine sworn Nov 21 2022 | PDF · Subscribers | |
| Service Letter to List Nov 21 2022 | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| MGT Aggregate Consent Judgment - M. Tomlinson | PDF · Subscribers | |
| MGT Management Consent Judgment - M. Tomlinson | PDF · Subscribers | |
Consent to Receivership Order
| 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., “MGT Management Inc. & MGT Aggregate Products Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/mgt
Sources last checked · summary updated 21 August 2026 · Report a correction · Printed from proceedings.ca/case/mgt
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.