#Order
The court appointed Deloitte Restructuring Inc. as Receiver and Manager, on the application of National Bank of Canada. Court file H-261123.
Novo Textile Company Ltd. et al
FollowActive
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- H-261123
- Industry
- Manufacturing · Textiles, apparel & furniture
OverviewSummary updated
Novo Textile Company Ltd. and the related debtors named with it have been placed in a court-appointed receivership in the Supreme Court of British Columbia. The proceeding was commenced on 13 October 2026 and rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority. Justice Veenstra is the presiding judge. The receivership is active in British Columbia.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
Parties
Debtor
Novo Textile Company Ltd. et al
Receiver
Deloitte
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | National Bank of Canada · in 97 casesFirst-position mortgages and assignments of rents on the Zanatta Lands (PID 031-181-368) and Zanatta 2 Lands (PID 031-906-630); GSAs (all present and after-acquired personal property) from Novo Textile, Novo Holdings, Zanatta and Zanatta 2; crystallized charges on the Lands registered Aug 14, 2026; cross-guarantees among the Borrowers and Novo Holdings (unlimited); guarantees from Zanatta Family Trust and Jason Zanatta limited to $1,610,000 (Novo Textile), $300,500 (Zanatta), $496,500 (Trust) / $498,500 (Jason) (Zanatta 2), plus interest from July 6, 2026 — Stated redemption amount for the Nov · as of 28 Aug 2026 | $9.56M | Petition to the Court for the Receivership Order |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plansThis 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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Order Made After Application (Receivership Order)
| PDF · Subscribers | |
| Affidavit #1 of C.Stark | PDF · Subscribers | |
Petition to the Court for the 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., “Novo Textile Company Ltd. et al” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 16 October 2026, https://proceedings.ca/case/novo-textile-company-ltd-et-al