QRD (Graham) Holdings Inc., QRD (Graham) Limited Partnership, and QRD (Graham) GP Inc.
- Proceeding
- Receivership (court-appointed)Section 187(5) of the Bankruptcy and Insolvency Act
- File
- H240302
- Industry
- Real estate · Land holdings
QRD (Graham) Holdings Inc., QRD (Graham) Limited Partnership and QRD (Graham) GP Inc. were placed in receivership on November 27, 2025 by an order of Justice Basran of the Supreme Court of British Columbia, made on the application of Amur Capital Income Fund Inc. under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act. Crowe MacKay & Company Ltd. was appointed receiver. The proceeding is carried under court file H240302 and remains active.
The court granted a reverse vesting order in favour of Amur Capital Income Fund Inc.
Source: Entered Approval and Reverse Vesting Order dated November 27, 2025
Justice Basran appointed Crowe MacKay & Company Ltd. receiver over the three QRD (Graham) entities on the application of Amur Capital Income Fund Inc.
Debtor
QRD (Graham) Holdings Inc., QRD (Graham) Limited Partnership, and QRD (Graham) GP Inc.
Receiver
Crowe MacKay
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Amur Capital Income Fund Inc. (formerly Ryan Mortgage Income Fund Inc.)Registered mortgage and assignment of rents dated Sept 27, 2023 (charge nos. CB927593/CB927594); Beneficial Mortgage dated Sept 27, 2023; general security agreement dated Sept 27, 2023 over all personal property; first priority per counsel opinion — Prose in receiver's report states indebtedness of 'approximately $18.5 million' (p.3); exact dated figure of $18,513,616.82 as of Nov 20, 2025 from PSA recitals (p.54) used as amount. Amur Mortgage Debt component stated separately as $9,790,717.91 exclusive of legal fees/costs plus interest accruing after Nov 20, 2025 (p.54). Also holds judgment of · as of 20 Nov 2025 | $18.5M | The Proposed Receiver's Report to Court dated November 24, 2025 |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured 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.
Sale approved — Court approved the sale transaction under the Purchase and Sale Agreement dated November 24, 2025 between the Receiver and Amur Capital Income Fund Inc. by way of reverse vesting orderEntered Approval and Reverse Vesting Order dated November 27, 2025 · 27 Nov 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Amur Capital Income Fund Inc.all issued and outstanding shares of QRD (Graham) Holdings Inc. and the Debtors' interest in the Purchased Assets (including the Langley lands) under a reverse vesting structure · share sale · ResidualCo: QRD (Graham) GP Inc. · agreement 24 Nov 2025 | Subscribers | Approved27 Nov 2025outside 15 Jan 2025 | Entered Approval and Reverse Vesting Order… |
| Date | Document | File |
|---|---|---|
| Affidavit #1 of Mishaal Gill made December 15, 2025 | PDF · Subscribers | |
Amending Order entered December 15, 2025
| PDF · Subscribers | |
Notice of Application filed December 15, 2025
| PDF · Subscribers | |
Entered Approval and Reverse Vesting Order dated November 27, 2025
| PDF · Subscribers | |
Entered Receivership Order dated November 27, 2025
| PDF · Subscribers | |
| The Asset Purchase Agreement dated November 24, 2025 | PDF · Subscribers | |
The Proposed Receiver's Report to Court dated November 24, 2025
| PDF · Subscribers | |
| Affidavit #1 of Zachary Redekop dated November 21, 2025 | PDF · Subscribers | |
Notice of Application dated November 21, 2025
| PDF · Subscribers | |
| The Proposed Receiver's Consent to Act dated November 21, 2025 | PDF · Subscribers | |
| Affidavit #1 of Joey Law dated November 20, 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., “QRD (Graham) Holdings Inc., QRD (Graham) Limited Partnership, and QRD (Graham) GP Inc.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/qrd-graham-holdings-inc-qrd-graham-limited-partnership-and-qrd-graham-gp-inc