Torrent Shotcrete Capital Inc. is in receivership before the Supreme Court of British Columbia, court file S-252612, on the application of Royal Bank of Canada under s. 243(1) of the Bankruptcy and Insolvency Act and s. 39 of the Law and Equity Act. The application was filed August 12, 2025, and Grant Thornton Limited was appointed receiver and manager under a receivership order granted August 28, 2025, before Justice Milman. Ten parties, including Royal Bank of Canada, Business Development Bank of Canada, Coast Capital Equipment Leasing Ltd., and Arundel Capital (Quebec) Corporation, hold PPSA registrations against the company in British Columbia and Ontario; the Receiver has made no acknowledgement of amounts owing or security claimed on any of them. A preliminary list of creditors as of September 8, 2025 lists most claims at a nominal $1 placeholder, except Royal Bank of Canada, listed at $83,455.23.
The court granted an approval and vesting order for the sale to 1166782 Ontario Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate; the Receiver may extend the Closing Date with the Purchaser's consent without further order. Sealed: Purchase Agreement.
Source: Approval and Vesting Order of Justice Milman dated January 15, 2026.pdf
The officer filed report no. First Report. The Debtors, concrete shoring contractors in Ontario and BC, are no longer operating; the Receiver did not take possession of the leased premises, auctioned the BC equipment, and seeks approval to sell the Ontario equipment en bloc while collecting accounts receivable.
Grant Thornton Limited was appointed receiver and manager of Torrent Shotcrete Capital Inc. under a receivership order granted August 28, 2025, before Justice Milman.
Notice of Application Returnable August 28, 2025.pdf was filed. Court file S-252612.
Source: Notice of Application Returnable August 28, 2025.pdf
Debtor
Torrent Shotcrete
Applicant
Royal Bank of Canada
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Milman | Supreme Court of British Columbia | 3 orders, Jan 2026 | 17 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Dentons Canada LLP | 15 Sep 2025 | Service list · 15 Sep 2025 |
| DebtorTorrent Shotcrete | McEwan Cooper Kirkpatrick LLP | 15 Sep 2025 | Service list · 15 Sep 2025 |
| CreditorBusiness Development Bank of Canada | Kornfeld LLP | 15 Sep 2025 | Service list · 15 Sep 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Meridian Onecap Credit Corp. · in 80 casesPPSA registration (BC) — No acknowledgement made concerning amounts owing or security claimed — debtor: Torrent Shotcrete Capital Inc. | — | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
25 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
3 transactions · 1 closed · 1 proposed · 1 approved — Sale transaction to 1166782 Ontario Ltd. approved by the CourtApproval and Vesting Order of Justice Milman dated January 15, 2026.pdf · 15 Jan 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers of BC Equipment at public auction, unnamedthe equipment located at the BC Premises (the "BC Equipment") · auction | Subscribers | Closed28 Oct 2025 | First Report of Receiver dated January 7,… |
| referred to only as "the Purchaser" in the report and APA; unnamedthe equipment located at the ON Premises that is subject to RBC's security (the "ON Equipment") · asset sale | Sealed | Proposed | First Report of Receiver dated January 7,… |
| 1166782 Ontario Ltd.the assets described in the Purchase Agreement (the 'Purchased Assets') · asset sale · agreement 28 Nov 2025 | Sealed | Approved15 Jan 2026 | Approval and Vesting Order of Justice Milman… |
As at ·
Cumulative receipts
$805K
As at 7 Jan 2026First Report of Receiver dated January 7, 2026.pdf
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Approval and Vesting Order of Justice Milman dated January 15, 2026.pdf
| PDF · Subscribers | |
Order of Justice Milman dated January 15, 2026.pdf
| PDF · Subscribers | |
Sealing Order of Justice Milman dated January 15, 2026.pdf
| PDF · Subscribers | |
First Report of Receiver dated January 7, 2026.pdf
| PDF · Subscribers | |
Service List as of September 15, 2025.pdf
| PDF · Subscribers | |
| Notice and Statement of the Receiver - Torrent Shotcrete Canada Ltd dated September 8, 2025.pdf | PDF · Subscribers | |
Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf
| PDF · Subscribers | |
Notice and Statement of the Receiver - Torrent Shotcrete Structures Ltd dated September 8, 2025.pdf
| PDF · Subscribers | |
Receivership Order dated August 28, 2025.pdf
| PDF · Subscribers | |
| Affidavit #2 of Mark Kemp-Gee dated August 12, 2025.pdf | PDF · Subscribers | |
Notice of Application Returnable August 28, 2025.pdf
| PDF · Subscribers | |
| Affidavit #1 of Mark Kemp-Gee dated April 7, 2025.pdf | 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., “Torrent Shotcrete” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/torrent-shotcrete
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/torrent-shotcrete
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.