Proceedings.

Sunridge Landing Inc.

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Active
Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 13(2) of the Judicature Act
File
2401-00953
Filings held9
Last activity22 Jun 2026
On the record468 days
Secured debtSubscribers
OverviewSummary updated

Sunridge Landing Inc. is in a court-appointed receivership before the Court of King's Bench of Alberta under file 2401-00953, commenced June 10, 2025 pursuant to section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. A court officer's report filed the same day fixes June 10, 2025 as the Receivership Date. The proceeding remains active, and no further steps appear on the record.

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Case updates9 dated entries
#Report

The officer filed report no. Second Report. The Property, the Company's sole material asset, was sold to Macro and the transaction closed in December 2025; the receivership estate now consists of cash proceeds, and the Receiver is winding up the file and seeking discharge. Court file 2401-00953.

Source: Second Report of the Receiver, Filed June 22, 2026

6 earlier updates, back to 10 June 2025 subscribers.

Outcome brief

Sunridge Landing: everything to the bank, and still short

Two retail buildings in northeast Calgary — one with a dental clinic as its only tenant, the other entirely empty. The lender tried a judicial listing with a one-day redemption period, then a receiver of rents, and finally a full receivership because it could not get information or access from the owner. The estate now holds $3.32 million against a debt of $5.32 million.

Parties

Debtor

Sunridge Landing Inc.

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice NeilsonCourt of King's Bench of Alberta1 order, Jun 202544 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorSunridge Landing Inc.Jensen Shawa Solomon Duguid Hawkes LLP3 Jun 2025Affidavit · 3 Jun 2025
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredNational Bank of Canada · in 87 casesGeneral Security Agreement dated Sept 22, 2016 (registered AB PPR Oct 26, 2016, reg. no. 16102612331); Land Mortgage dated Sept 22, 2016, principal amount $6,500,000 (registered against title to the Lands Oct 21, 2016, instrument no. 161 251 006); General Assignment of Rents and Certain Lease Rights dated Sept 22, 2016 (registered Oct 21, 2016, instrument no. 161 251 007); Credit Facilities comprised demand non-revolving loan facility (max $5,006,642.45), CEBA loan facility (max $60,000), and Business Visa Credit Card (max $30,000) — Aggregate indebtedness as at Oct 22, 2024 (Redemption Order · as of 22 Oct 2024$4.84MBrief of National Bank, filed June 10, 2025

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.

Estate financialsReported figures — never derived

Cumulative receipts

$3.7M

As at 22 Jun 2026Second Report of the Receiver, Filed June 22, 2026

3 more reported figures, as at 22 Jun 2026Subscribe to view
Documents
9 filings
DateDocumentFile
Application of Distribution, Final Discharge and Ancillary Relief , filed June 22, 2026PDF · Subscribers
Second Report of the Receiver, Filed June 22, 2026
  • Commencement date 10 June 2025
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Court file no 2401-00953
  • Cash on hand Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Application of SAVO and Ancillary Relief, filed November 25, 2025PDF · Subscribers
First Report of the Receiver, Filed November 24, 2025
PDF · Subscribers
Application of National Bank, June 10, 2025PDF · Subscribers
Brief of National Bank, filed June 10, 2025
  • Applicant NATIONAL BANK OF CANADA
  • Appointee BDO Canada Limited
  • Appointee role receiver and manager
  • Court COURT OF KING’S BENCH OF ALBERTA
  • + 4 more extracted facts
PDF · Subscribers
Sunridge Landing Inc. Receivership Order, granted June 10, 2025
  • Applicant National Bank of Canada
  • Appointee BDO Canada Limited
  • Appointee role receiver and manager
  • Commencement date 10 June 2025
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of Richard Dean Chan, sworn on June 3, 2025
  • Counsel Jensen Shawa Solomon Duguid Hawkes LLP
PDF · Subscribers
Affidavit of Zul Boga, sworn on October 21, 2024
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., “Sunridge Landing Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/sunridge-landing-inc

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/sunridge-landing-inc

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.