British Columbia · Receivership (court-appointed)
Notice of Application - returnable July 9, 2026
Application / notice of application · 9 July 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified · 1 withheld
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noS-260413
- commencement date4 March 2026
- secured creditorsnote: No specific balance stated; document notes BMO 'will suffer a significant shortfall on its secured indebtedness' from the CGC Transaction · page: 7 · debtor: Columbia National Steel Products Inc. and Westud Steel Products Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: Described as the Debtors' 'principal secured creditor' and 'senior secured lender'; also holds a security interest (competing with RBC) in the Disputed Samco Assets, the Hyundai Forklift and the Nissan Forklift
- secured creditorsnote: Amount not stated; entitlement/extent of RBC's security interest not yet determined by the Receivers · page: 8 · debtor: Westud Steel Products Ltd. and/or Lifetec Construction Group Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Alleged competing security interest (with BMO) in the Disputed Samco Assets (two Samco roll forming machines) and possibly the Hyundai Forklift and Nissan Forklift
- counselLawson Lundell LLP
- recovery outcomeentries: basis: estimated · quote: BMO, as the Debtors' principal secured creditor, is supportive of the CGC Transaction, notwithstanding that BMO will suffer a significant shortfall on its secured indebtedness; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO (Debtors' principal secured creditor) · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.