Newgrind Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- S-241264
Newgrind Inc. is the subject of a court-appointed receivership in the Supreme Court of British Columbia, commenced on May 29, 2024 under court file S-241264. The proceeding rests on section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act jurisdiction. It began with an order pronounced that day by the Honourable Justice Jones, and a report by the court officer was filed on the same date. The record of the proceeding carries no later steps, and the matter is recorded as closed.
Court officer's report filed the day the receivership began, citing the order pronounced by Justice Jones of the Supreme Court of British Columbia on May 29, 2024.
Source: First Report of Receiver
Debtor
Newgrind Inc.
Receiver
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | RBC Royal Bank · in 52 casesGeneral Security Agreement — Estimated claim as reported by Receiver — debtor: Newgrind Inc. · as of 29 May 2024 | $1.23M | Form 87 |
| Secured | CWB National Leasing Inc. · in 110 casesGeneral Security Agreement & Specific Equipment — Estimated claim as reported by Receiver — debtor: Newgrind Inc. · as of 29 May 2024 | $2K | Form 87 |
| Secured | CANACAP · in 13 casesGeneral Security Agreement — Estimated claim listed as 'Unknown' by Receiver — debtor: Newgrind Inc. · as of 29 May 2024 | — | Form 87 |
| Secured | Ministry of Finance · in 107 casesCrown charge filed pursuant to Provincial Sales Tax Act — Estimated claim listed as 'Unknown' by Receiver; regulatory/Crown charge — debtor: Newgrind Inc. · as of 29 May 2024 | — | Form 87 |
| Secured | Driven Financial Technologies Corporation · in 24 casesGeneral Security Agreement — Estimated claim listed as 'Unknown' by Receiver — debtor: Newgrind Inc. · as of 29 May 2024 | — | Form 87 |
| Secured | Vault Credit Corporation · in 65 casesGeneral Security Agreement & Specific Equipment — Estimated claim listed as 'Unknown' by Receiver — debtor: Newgrind Inc. · as of 29 May 2024 | — | Form 87 |
“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.
Closed · the record states no distribution outcome.
2 engagements · 2 firms — latest: DLA Piper (Canada) LLP, to 30 Apr 2025, $8,052.50 in feesFirst Report of Receiver · 26 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DLA Piper (Canada) LLPCounsel | to 30 Apr 2025 | — | $8,052.50ex. tax | not stated | First Report of Receiver · 26 Sep 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MNP Ltd.Receiver | from 29 May 2024 | 197.85 | $85,749.50 | $200 – $60010 people | First Report of Receiver · 26 Sep 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 people — MNP Ltd., from 29 May 2024
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Top rate $600 · 21st percentile of receiver rates, 2025 · of 49
| Date | Document | File |
|---|---|---|
| Discharge Order | ||
First Report of Receiver
| ||
Form 87
| ||
| Receivership Order | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Newgrind Inc.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/newgrind-inc