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
Notice and Statement of the Receiver - Torrent Shotcrete Canada Ltd dated September 8, 2025.pdf — Notice to creditors
Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf — Notice to creditors
Notice and Statement of the Receiver - Torrent Shotcrete Structures Ltd dated September 8, 2025.pdf — Notice to creditors
Grant Thornton Limited was appointed receiver and manager of Torrent Shotcrete Capital Inc. under a receivership order granted August 28, 2025, before Justice Milman.
Royal Bank of Canada's application for the appointment of a receiver over Torrent Shotcrete Capital Inc. was filed August 12, 2025.
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 | 2 orders, Jan 2026 | 15 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 | TFG Financial Corporation · in 17 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 | Howard Carter Lease Ltd · in 3 casesPPSA registration (BC and Ontario) — 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 | CWB National Leasing Inc. · in 110 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 | Arundel Capital (Quebec) Corporation · in 8 casesPPSA registration (BC and Ontario) — No acknowledgement made by Receiver concerning amounts owing or security claimed; blanket registrant, amount unstated — debtor: Torrent Shotcrete Capital Inc. | — | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 4 | Secured | Indcom Leasing Inc. · in 6 casesPPSA registration (Ontario) — 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 | Meridian Onecap Credit Corp. · in 75 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 | WS Leasing Ltd. · in 5 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 | Coast Capital Equipment Leasing Ltd. · in 4 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 | Royal Bank of Canada · in 556 casesPPSA registration (BC and Ontario) — No acknowledgement made concerning amounts owing or security claimed; see also preliminary listed creditor amount of $83,455.23 as of Sept 8, 2025 (unsecured/general listing, not confirmed as secured balance) — debtor: Torrent Shotcrete Capital Inc. | — | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 4 | Secured | Business Development Bank of Canada · in 241 casesPPSA registration (BC and Ontario) — 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 |
| 7 | Preferred (BIA s. 136) | WorkSafeBC · in 29 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; may be a preferred/regulatory claim but not so labelled here — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Royal Bank of Canada · in 556 casesAmount presented as placeholder per document caveat, but this is the only non-nominal figure listed; also a PPSA secured registrant so may be bifurcated secured/unsecured — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $83.5K | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | BC Hydro · in 71 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Bell Canada · in 298 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Coast Capital Equipment Leasing Ltd. · in 4 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Business Development Bank of Canada · in 241 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | CWB National Leasing Inc. · in 110 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Fortis BC - Natural Gas · in 3 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Howard Carter Lease Ltd · in 3 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Indcom Leasing Inc. · in 6 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Meridian Onecap Credit Corp. · in 75 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Receiver General for Canada · in 51 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; may represent deemed trust/priority claim but not so labelled here — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Shaw Cable · in 24 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | TFG Financial Corporation · in 17 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | Arundel Capital (Quebec) Corporation · in 8 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
| 8 | Unsecured | WS Leasing Ltd. · in 5 casesAmount is a placeholder only; no acknowledgement made concerning actual amounts owing; also a PPSA secured registrant — debtor: Torrent Shotcrete Capital Inc. · as of 8 Sep 2025 | $1 | Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf |
“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.
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 | $128Knet proceeds of the auction related to RBC's collateral; final proceeds to the estate after fees were $110,992.41 | 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… |
| Date | Document | File |
|---|---|---|
Approval and Vesting Order of Justice Milman dated January 15, 2026.pdf
| ||
Order of Justice Milman dated January 15, 2026.pdf
| ||
Sealing Order of Justice Milman dated January 15, 2026.pdf
| ||
First Report of Receiver dated January 7, 2026.pdf
| ||
Service List as of September 15, 2025.pdf
| ||
| Notice and Statement of the Receiver - Torrent Shotcrete Canada Ltd dated September 8, 2025.pdf | ||
Notice and Statement of the Receiver - Torrent Shotcrete Capital Inc dated September 8, 2025.pdf
| ||
| Notice and Statement of the Receiver - Torrent Shotcrete Structures Ltd dated September 8, 2025.pdf | ||
Notice of Application Returnable August 28, 2025.pdf
| ||
Receivership Order dated August 28, 2025.pdf
| ||
| Affidavit #2 of Mark Kemp-Gee dated August 12, 2025.pdf | ||
| Affidavit #1 of Mark Kemp-Gee dated April 7, 2025.pdf | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Torrent Shotcrete” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 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.