No. 88 Taurus Ventures Ltd. remains in an active court-appointed receivership in the Supreme Court of British Columbia, file S-227652, commenced January 31, 2023. First National Financial GP Corporation applied under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act, and MNP Ltd. was appointed receiver. First National holds a mortgage and an assignment of rents, with a balance of $1,295,000 as at January 3, 2023 per Affidavit #1 of Gurkirpal Singh Cheema, exclusive of interest accrued since that date. Also registered against the company are judgments in favour of BFI Canada Inc. and Her Majesty The Queen in Right of Canada, certificates of pending litigation from Harinder Dhillon and Kumikker Rangi, and a builders lien and certificate of pending litigation from S S R Cedar Ltd.
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The officer filed report no. Receiver's First Report to Court. The Receiver managed two residential rental properties (Dundas and Triumph), collecting rent and attending to maintenance, but following redemption of First National's mortgages on September 15, 2023, the Receiver relinquished control of the properties and is seeking its discharge.
The Supreme Court of British Columbia made a receivership order over No. 88 Taurus Ventures Ltd. under BIA s. 243 and provincial Judicature Act authority, commencing the proceeding in file S-227652.
First National Financial GP Corporation · in 7 casesMortgage and assignment of rents — Table figures in $000's. Balance as at January 3, 2023 per Affidavit #1 of Gurkirpal Singh Cheema; does not include interest accrued since that date. — debtor: No. 88 Taurus Ventures Ltd. · as of 3 Jan 2023
$1.29M
Form 87
Secured
Harinder Dhillon · in 2 casesCPL — Claim amount listed as 'Unknown' in table. — debtor: No. 88 Taurus Ventures Ltd. · as of 1 Aug 2023
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Form 87
Secured
S S R Cedar LtdBuilders Lien and CPL — Claim amount listed as 'Unknown' in table. — debtor: No. 88 Taurus Ventures Ltd. · as of 1 Aug 2023
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Form 87
Secured
BFI Canada Inc. · in 8 casesJudgement — Claim amount listed as 'Unknown' in table. — debtor: No. 88 Taurus Ventures Ltd. · as of 1 Aug 2023
—
Form 87
Secured
Kumikker Rangi · in 2 casesCPL — Claim amount listed as 'Unknown' in table. — debtor: No. 88 Taurus Ventures Ltd. · as of 1 Aug 2023
—
Form 87
Secured
Her Majesty The Queen in Right of Canada · in 9 casesJudgement — Claim amount listed as 'Unknown' in table. — debtor: No. 88 Taurus Ventures Ltd. · as of 1 Aug 2023
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Form 87
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“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.
Cash on hand$35.6K · Note: Labelled 'Funds in Receiver's account' at end of interim Statement of Receipts and Disbursements for the period August 1 to October 18, 2023. · As at: 2023-10-18
Disbursements$71.5K · Note: Includes Receiver's fees and disbursements $53,974, legal fees and disbursements $9,143, GST, PST, advertisement, bailiffs, utilities and other miscellaneous items. · Since: August 1, 2023
Fee scheduleEngagements: Form: report_table · Rows: Douglas Chivers; Kevin Koo; Neil Jayamaha; Sofie Parker; Rate: 225 · Hours: 3.2 · Quote: Office Administration | Senior Administrative Assistant | 3.20 | 225 · Title: Senior Administrative Assistant · Row kind: bucket · Rate kind: standard · Name as stated: Office Administration; Rate: 175 · Hours: 2.15 · Quote: Office Administration | Administrative Assistant | 2.15 | 175 · Title: Administrative Assistant · Row kind: bucket · Rate kind: standard · Name as stated: Office Administration · Money: Tax: $2.72K · Label: GST · Quote: GST | 1,361 | 1,361 | 2,722 · Fees: $51.2K · Quote: Fees | 25,580 | 25,580 | 51,160 · Total: $56.7K · Quote: Total | 28,358 | 28,338 | 56,696 · includes tax · includes disbursements · Approximate: false · Disbursements: $2.81K · Quote: Disbursements | 1,417 | 1,397 | 2,814 · Period: End: 2023-09-15 · Kind: invoice · Quote: for the period July 4, 2023 to September 15, 2023 is summarized below: · Start: 2023-07-04 · Approval: Quote: The Receiver requests that the Court approve the Receiver's fees and costs incurred to date of $56,696 · State: sought · Averages: — · Currency: · Invoices: Tax: 1360.87 · Fees: 25579.75 · Quote: July 4, 2023 to September 15, 2023 | 9655 (2) | 25,579.75 | 1,417.33 | 1,360.87 | 28,357.95 · Total: 28357.95 · Period end: 2023-09-15 · Period start: 2023-07-04 · Disbursements: 1417.33; Tax: 1360.87 · Fees: 25579.75 · Quote: July 4, 2023 to September 15, 2023 | 9655 (1) | 25,579.75 | 1,397.33 | 1,360.87 | 28,337.95 · Total: 28337.95 · Period end: 2023-09-15 · Period start: 2023-07-04 · Disbursements: 1397.33 · Firm text: MNP Ltd. · Firm quote: MNP Ltd. was appointed as Receiver of the assets, undertakings and properties of 442746 B.C. Ltd. · Hours total: Quote: 57.65 · Value: 57.65 · Context quote: MNP Ltd. was appointed as Receiver of the assets, undertakings and properties of 442746 B.C. Ltd. · Comparability quote: comparable to Receivership assignments of similar scale and complexity.; Form: invoice_listing · Rows: · Money: · Period: End: 2023-09-30 · Kind: invoice · Quote: SUMMARY OF LAWSON LUNDELL LLP ' S FEES AND INVOICES FOR THE PERIOD AUGUST 1 TO SEPTEMBER 30, 2023 · Start: 2023-08-01 · Approval: State: unstated · Averages: · Currency: · Invoices: Tax: 145.06 · Fees: 2871 · Quote: 1243993 | 2,871.00 | 30.32 | 145.06 | 200.97 | 3,247.35 · Total: 3247.35 · Disbursements: 30.32; Tax: 83.52 · Fees: 1669 · Quote: 1246873 | 1,669.00 | 1.40 | 83.52 | 116.83 | 1,870.75 · Total: 1870.75 · Disbursements: 1.4 · Firm text: Lawson Lundell LLP · Firm quote: The Receiver engaged Lawson Lundell LLP (' Lawson ') as its independent legal counsel. · Context quote: The Receiver engaged Lawson Lundell LLP (' Lawson ') as its independent legal counsel.
Operational summaryThe Receiver managed two residential rental properties (Dundas and Triumph), collecting rent and attending to maintenance, but following redemption of First National's mortgages on September 15, 2023, the Receiver relinquished control of the properties and is seeking its discharge.
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/no-88-taurus-ventures-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.