Mortise (Scott Road Residential) Holdings Ltd. et al.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S253697
Mortise (Scott Road Residential) Holdings Ltd., with Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd. and 1048799 B.C. Ltd., was placed in receivership on July 25, 2025 in the Supreme Court of British Columbia under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act powers, court file S253697. The combined debtors' only asset is the property, land and building, at an estimated value of $27,800,000 as at July 23, 2025, against liabilities of $29,080,880.97. Institutional Mortgage Capital Canada Inc. is secured for $19,555,812.02 and Bancorp Financial Services Inc. for $9,250,000.00, with the City of Surrey secured for $242,068.95 in municipal taxes. The debtor's preliminary creditor list also names the Ministry of Finance at $33,000.00, BC Hydro, the Canada Revenue Agency and FortisBC Energy Inc.
16 earlier updates, back to 25 July 2025 — subscribers.
Debtor
Mortise (Scott Road Residential) Holdings Ltd. et al.
Applicant
Institutional Mortgage Capital Inc. as general partner of IMC Limited Partnership
Receiver
Alvarez & Marsal
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Institutional Mortgage Capital Canada Inc.Per books and records as at receivership date — debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · as of 23 Jul 2025 | $19.6M | Form 87 – Notice and Statement of the Receiver |
Sale closed — the Transaction closed and net proceeds were distributed in accordance with the RVOSecond Report of the Receiver · 13 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 0952653 B.C. Ltd.the sale of 8140 120th Street, Surrey, B.C. (the ' Property ') · real property · agreement 20 Oct 2025 | Subscribers | Closed12 Mar 2026 | Second Report of the Receiver |
2 engagements · 2 firms — latest: Norton Rose Fulbright Canada LLP, 23 Jul 2025 – 31 May 2026Second Report of the Receiver · 13 Jul 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Alvarez & Marsal Canada Inc.Receiver | 23 Jul 2025 – 30 Apr 2026Sought | — | ••• | not stated | Second Report of the Receiver · 13 Jul 2026 |
| Norton Rose Fulbright Canada LLPCounsel to the receiver | 23 Jul 2025 – 31 May 2026Sought | — | ••• | not stated | Second Report of the Receiver · 13 Jul 2026 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$630K
As at 13 Jul 2026Second Report of the Receiver
| Date | Document | File |
|---|---|---|
Order entered July 29, 2026 (J. Wilkinson)
| PDF · Subscribers | |
| Affidavit No. 1 of Anthony Tillman | PDF · Subscribers | |
| Affidavit No. 1 of Katie Mak | PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
| Order Made after Application | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Order Made after Application of Justice Wilkinson, entered July 25, 2025
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver
| PDF · Subscribers | |
| Institutional Mortgage Capital Canada Inc. - Receiver's Certificate | PDF · Subscribers | |
| Affidavit No. 1 of F. Mercado, filed June 27, 2025 | PDF · Subscribers | |
| Response to Petition of Bancorp Parties, filed June 27, 2025 | PDF · Subscribers | |
| Affidavit No. 2 of Navjeet Gill, filed June 26, 2025 | PDF · Subscribers | |
| Affidavit No. 1 of Navjeet Gill, filed June 16, 2025 | PDF · Subscribers | |
| Affidavit of Channie Yoon, filed June 16, 2025 | PDF · Subscribers | |
| Response to Petition of Mortise et al., filed June 16, 2025 | PDF · Subscribers | |
| Affidavit No. 1 of R. Fernandes, filed May 16, 2025 | PDF · Subscribers | |
Petition filed May 14, 2025
| 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., “Mortise (Scott Road Residential) Holdings Ltd. et al.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/mortise-scott-road-residential-holdings-ltd-et-al