Stellar One Holdings Ltd. is the subject of active insolvency proceedings in Alberta. Its secured position is held by Servus Credit Union, under a general security agreement charging all present and after-acquired property of Stellar One, and Stellar One also guarantees the indebtedness of 1905393 Alberta Ltd. Servus's exposure to Stellar One is expected to be in the range of $14.5 to $16 million upon completion of the sale of the hotels of 1905393 Alberta Ltd. — an approximate, forward-looking range rather than a stated balance, so the amount ultimately owing turns on the outcome of that sale.
The court granted an approval and vesting order for the sale to Dixon Contracting Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction of conditions to Closing, and completion of the Transaction. Sealed: Sale Agreement.
Source: Podollan Squared - Sale Approval and Vesting Order (Dixon Contracting Ltd.) granted October 14 2022
The court granted an approval and vesting order for the sale to Kyle Mondor. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Closing Certificate confirming payment of purchase price and satisfaction of conditions.
Source: Podollan Squared - Sale Approval and Vesting Order (Kyle Mondor) granted October 14 2022
The court granted an approval and vesting order for the sale to Sunnyside Lane Developments Ltd. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate.
The court granted an approval and vesting order for the sale to TradeSmith Contracting Corp. Closing terms, as extracted: Vesting is effective upon delivery of Receiver's Closing Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
The court granted an approval and vesting order. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction of conditions, and completion of the Transaction. Sealed: Sale Agreement confidentially appended to the 11th Report.
The court granted an approval and vesting order for the sale to Miroslav Sostaric and Janja Sostaric. Closing terms, as extracted: Vesting occurs upon delivery of a Receiver's certificate to the Purchaser confirming payment of purchase price and satisfaction of closing conditions.
Source: Podollan Developments - Morrison St. Condo Sale Approval and Vesting Order Aug 30 2022
The court granted an approval and vesting order for the sale to Providential Developments Inc. Closing terms, as extracted: Vacant possession delivered at 12:00 noon on the Completion Date; Receiver may extend Completion Date with Purchaser's consent.
Source: Corporate Ventures - Section 13 Lands Approval and Vesting Order granted May 5, 2022
The court granted an approval and vesting order for the sale to 2399275 Alberta Inc. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction. Sealed: Purchase and Sale Agreement price/terms.
Source: Corporate Ventures Sale Approval and Vesting Order granted March 10 2022 - 10131 Franklin Ave
The court granted an approval and vesting order for the sale to 2406585 Alberta Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the purchase price and satisfaction of closing conditions. Sealed: Confidential Addendum to the Eighth Report of the Receiver (containing the Purchaser and Agreement details).
Source: Corporate Ventures Sale Approval and Vesting Order granted March 10 2022 - 10303 Franklin Ave
Corporate Ventures - Notice of Application Filed May 31, 2021 to Amend IR Order — Application / notice of application
Podollan Developments - Notice of Application Filed May 31, 2021 to Amend IR Order — Application / notice of application
Podollan Squared - Notice of Application Filed May 31, 2021 to Amend IR Order — Application / notice of application
Podollan's Construction - Notice of Application Filed May 31, 2021 to Amend IR Order — Application / notice of application
Supplemental Volume (7th Report) - Corporate Ventures transfers to Leah — Court officer report
Supplemental Volume (7th Report) - Podollan's Construction transfers to Leah — Court officer report
The court granted an approval and vesting order for the sale to Anatino Aviation Limited. Closing terms, as extracted: Possession delivered at 12:00 noon on the Closing Date; Interim Receiver may extend Closing Date with Purchaser's consent. Sealed: Confidential Addendum to the Receiver's Sixth Report.
Source: Dax Air Approval and Vesting Order granted December 4, 2020
Stellar One First Report Exhibit - Corporate Ventures transfers to Leah — Court officer report
Stellar One First Report Exhibit - Podollan's Construction transfer to Leah — Court officer report
The court appointed PricewaterhouseCoopers Inc. as interim Receiver, on the application of STELLAR ONE HOLDINGS LTD. by its Receiver and Manager, PRICEWATERHOUSECOOPERS INC.. Court file S1914336.
Source: Podfive Investments Inc. Interim Receivership Order Dated Dec 19, 2019
The court appointed PricewaterhouseCoopers Inc. as receiver and manager, on the application of STELLAR ONE HOLDINGS LTD. by its Receiver and Manager, PRICEWATERHOUSECOOPERS INC.. Court file 914339.
Source: Corporate Ventures Inc. Interim Receivership Order Dated Dec 19, 2019
Podollan Squared Ventures Ltd. Interim Receivership Order Dated Dec 19, 2019 — Receivership order
Stellar One Supplemental Report to the First Report Filed December 16, 2019 — Court officer report
The court appointed PricewaterhouseCoopers Inc. LIT as receiver and manager, on the application of SERVUS CREDIT UNION LTD.. Court file 1903 20503.
Debtor
Stellar One Holdings Ltd
Receiver
PwC
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Servus Credit Union · in 13 casesas of expected upon completion of hotel sale — General security agreement over all present and after-acquired property of Stellar One Holdings Ltd. (charging all assets); guarantee of 1905393 Alberta Ltd. indebtedness — Stellar One's indebtedness to Servus expected to be in the range of $14.5 to $16 million after completion of sale of 190's hotels (approximate, forward-looking range, not a stated balance) — debtor: Stellar One Holdings Ltd. | — | Dax Air - Notice of Application Dated March 5, 2020 |
“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.
9 transactions · 9 approved — The Transaction is hereby approvedPodollan Squared - Sale Approval and Vesting Order (Sunnyside Lane… · 14 Oct 2022
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Anatino Aviation Limiteda 2008 Pilatus PC-12 Model Aircraft, Canadian Registration C-FDLV (the "Aircraft") and its related parts and accessories as more fully detailed in Schedule "B" hereto (collectively, the "Purchased Assets") · asset sale | Sealed | Approved4 Dec 2020 | Dax Air Approval and Vesting Order granted… |
| 2399275 Alberta Inc.all of Corporate Ventures' right, title and interest in and to the assets described in the Agreement (the Purchased Assets) · asset sale | Sealed | Approved10 Mar 2022 | Corporate Ventures Sale Approval and Vesting… |
| 2406585 Alberta Inc.all of Corporate Venture[s'] ... right, title and interest in and to the assets described in the Agreement (the Purchased Assets) · real property · nominee/assignee: its nominee | Subscribers | Approved10 Mar 2022 | Corporate Ventures Sale Approval and Vesting… |
| Providential Developments Inc.the assets described in the Sale Agreement (the 'Purchased Assets') · real property | not stated | Approved5 May 2022 | Corporate Ventures - Section 13 Lands Approval… |
| Miroslav Sostaric and Janja Sostaricthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · nominee/assignee: its nominee · agreement 15 Aug 2022 | not stated | Approved30 Aug 2022 | Podollan Developments - Morrison St. Condo Sale… |
| Dixon Contracting Ltd.the Company's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · nominee/assignee: its nominee · agreement 13 Sep 2022 | Sealed | Approved14 Oct 2022 | Podollan Squared - Sale Approval and Vesting… |
| Kyle Mondorthe Company's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') · real property · nominee/assignee: its nominee · agreement 6 Oct 2022 | not stated | Approved14 Oct 2022 | Podollan Squared - Sale Approval and Vesting… |
| Sunnyside Lane Developments Ltd.the Company's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') · real property · nominee/assignee: its nominee · agreement 9 Sep 2022 | not stated | Approved14 Oct 2022 | Podollan Squared - Sale Approval and Vesting… |
| TradeSmith Contracting Corp.the Company's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') · real property · agreement 7 Oct 2022 | not stated | Approved14 Oct 2022 | Podollan Squared - Sale Approval and Vesting… |
| Date | Document | File |
|---|---|---|
Podollan Squared - Distribution Order granted October 14 2022
| PDF · Subscribers | |
Podollan Squared - Sale Approval and Vesting Order (Dixon Contracting Ltd.) granted October 14 2022
| PDF · Subscribers | |
Podollan Squared - Sale Approval and Vesting Order (Kyle Mondor) granted October 14 2022
| PDF · Subscribers | |
Podollan Squared - Sale Approval and Vesting Order (Sunnyside Lane Developments Ltd.) granted October 14 2022
| PDF · Subscribers | |
Podollan Squared - Sale Approval and Vesting Order (TradeSmith Contracting Corp.) granted October 14 2022
| PDF · Subscribers | |
Podollan Squared - Sale Approval and Vesting Order (Wooden Shoe Property Management Ltd.) granted October 14 2022
| PDF · Subscribers | |
Restricted Court Access Order - Confidential Addendum - granted October 14 2022
| PDF · Subscribers | |
Restricted Court Access Order - Supplemental Confidential Addendum - granted October 14 2022
| PDF · Subscribers | |
| Stellar One - Affidavit for Supplement to Eleventh Report dated October 11 2022 | PDF · Subscribers | |
| Stellar One - Affidavit for Eleventh Report to the Court Filed October 3 2022 | PDF · Subscribers | |
Podollan Developments - Morrison St. Condo Sale Approval and Vesting Order Aug 30 2022
| PDF · Subscribers | |
| Stellar One - Affidavit for Tenth Report to the Court Filed August 19 2022 | PDF · Subscribers | |
Corporate Ventures - Section 13 Lands Approval and Vesting Order granted May 5, 2022
| PDF · Subscribers | |
Notice No. 31 - Bid Process
| PDF · Subscribers | |
| BC Court Covid-19 Notice No. 31 Bid Process | PDF · Subscribers | |
| Section 13 Lands - Template Contract of Purchase and Sale | PDF · Subscribers | |
| Amending Order granted March 10 2022 - Podollan Ventures | PDF · Subscribers | |
Corporate Ventures Sale Approval and Vesting Order granted March 10 2022 - 10131 Franklin Ave
| PDF · Subscribers | |
Corporate Ventures Sale Approval and Vesting Order granted March 10 2022 - 10303 Franklin Ave
| PDF · Subscribers | |
Recognition Order granted March 10 2022 - Corporate Ventures
| PDF · Subscribers | |
Recognition Order granted March 10 2022 - Dax Air
| PDF · Subscribers | |
Recognition Order granted March 10 2022 - Podfive
| PDF · Subscribers | |
Recognition Order granted March 10 2022 - Podollan Developments
| PDF · Subscribers | |
Recognition Order granted March 10 2022 - Podollan's Construction
| PDF · Subscribers | |
| Stellar One Eighth Report to the Court Filed March 3, 2022 | PDF · Subscribers | |
Southwynd Estates Grande Prairie - Colliers Brochure
| PDF · Subscribers | |
Podollan Hotels Fort McMurray - Colliers Brochure
| PDF · Subscribers | |
| Corporate Ventures Order Voiding Transfers to Leah Podollan Granted August 16 2021 | PDF · Subscribers | |
| Dax Air Order Voiding Transfers to Leah Podollan Granted August 16 2021 | PDF · Subscribers | |
| Podollan's Construction Order Voiding Transfers to Leah Podollan Granted August 16 2021 | PDF · Subscribers | |
| 245 246 Notice Podollan Squared Ventures Ltd. | PDF · Subscribers | |
| Podollan Squared Receivership Order Granted July 15, 2021 | PDF · Subscribers | |
| 245 246 Notice Corporate Ventures Inc. | PDF · Subscribers | |
| 245 246 Notice Dax Air Enterprises Inc. | PDF · Subscribers | |
| 245 246 Notice Podfive Investments Inc. | PDF · Subscribers | |
| 245 246 Notice Podollan Developments Ltd. | PDF · Subscribers | |
| 245 246 Notice Podollan's Construction Ltd. | PDF · Subscribers | |
Corporate Ventures Receivership Order Granted June 23, 2021
| PDF · Subscribers | |
| Podollan Developments Receivership Order Granted June 23, 2021 | PDF · Subscribers | |
| Podollan's Construction Receivership Order Granted June 23, 2021 | PDF · Subscribers | |
| Corporate Ventures - Notice of Application Filed May 31, 2021 to Amend IR Order | PDF · Subscribers | |
| Podollan Developments - Notice of Application Filed May 31, 2021 to Amend IR Order | PDF · Subscribers | |
| Podollan Squared - Notice of Application Filed May 31, 2021 to Amend IR Order | PDF · Subscribers | |
| Podollan's Construction - Notice of Application Filed May 31, 2021 to Amend IR Order | PDF · Subscribers | |
| Stellar One Seventh Report to the Court Filed May 14, 2021 | PDF · Subscribers | |
| Supplemental Volume (7th Report) - Corporate Ventures transfers to Leah | PDF · Subscribers | |
| Supplemental Volume (7th Report) - David's transfers to Leah | PDF · Subscribers | |
| Supplemental Volume (7th Report) - Podollan's Construction transfers to Leah | PDF · Subscribers | |
Dax Air Approval and Vesting Order granted December 4, 2020
| PDF · Subscribers | |
| Dax Air Sealing Order granted December 4, 2020 | PDF · Subscribers | |
Stellar One Sixth Report to the Court Filed November 18, 2020
| PDF · Subscribers | |
| Dax Air Information Package_Pilatus Aircraft Sales Process | PDF · Subscribers | |
| Podfive Investments Receivership Order Granted September 17 2020 | PDF · Subscribers | |
| Dax Air Order Granted September 15 2020 | PDF · Subscribers | |
| Stellar One Fifth Report to the Court Filed August 20, 2020 | PDF · Subscribers | |
Dax Air - Notice of Application Dated March 5, 2020
| PDF · Subscribers | |
| Stellar One First Report Exhibit - Corporate Ventures transfers to Leah | PDF · Subscribers | |
| Stellar One First Report Exhibit - David Podollan transfers to Leah | PDF · Subscribers | |
| Stellar One First Report Exhibit - Podollan's Construction transfer to Leah | PDF · Subscribers | |
| Stellar One Fourth Report to the Court Filed March 4, 2020 | PDF · Subscribers | |
| Stellar One Third Report to the Court Filed Jan 30, 2020 | PDF · Subscribers | |
| Stellar One Second Report to the Court Filed January 9, 2020 | PDF · Subscribers | |
| Amending Order Podollan Developments Dated Dec 20, 2019 | PDF · Subscribers | |
Corporate Ventures Inc. Interim Receivership Order Dated Dec 19, 2019
| PDF · Subscribers | |
Dax Air Enterprises Inc. Interim Receivership Order Dated Dec 19, 2019
| PDF · Subscribers | |
Podfive Investments Inc. Interim Receivership Order Dated Dec 19, 2019
| PDF · Subscribers | |
| Podollan Construction Ltd. Interim Receivership Order Dated Dec 19, 2019 | PDF · Subscribers | |
| Podollan Developments Inc. Interim Receivership Order Dated Dec 19, 2019 | PDF · Subscribers | |
Podollan Squared Ventures Ltd. Interim Receivership Order Dated Dec 19, 2019
| PDF · Subscribers | |
| Podollan Ventures Inc. Interim Receivership Order Dated Dec 19, 2019 | PDF · Subscribers | |
| Stellar One Supplemental Report to the First Report Filed December 16, 2019 | PDF · Subscribers | |
| Stellar One First Report to the Court Filed December 13, 2019 | PDF · Subscribers | |
Stellar One Receivership Order Dated Nov 1, 2019
| 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., “Stellar One Holdings Ltd” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/stellar-one-holdings-ltd
Sources last checked · summary updated 4 September 2026 · Report a correction · Printed from proceedings.ca/case/stellar-one-holdings-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.