Alberta · Receivership (court-appointed)
Application
Application / notice of application · 10 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing10 verified
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2503 11203
- applicantNational Bank of Canada
- appointeeMNP Ltd.
- appointee rolereceiver
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, section 65(1) of the Alberta Personal Property Security Act, section 49(2) of the Law of Property Act, and section 13(2) of the Judicature Act
- commencement date5 June 2025
- secured creditorsnote: 2026 Taxes; expected to be paid in priority to NBC out of sale proceeds; separate from earlier Tax Arrears of $1,144,565.72 already paid by NBC and added to the Debt; regulatory/municipal priority claim · page: 4 · as of: 2026-12-31 · amount: 263528.42 · debtor: Luxor Land Ltd. and Mesa West Capital Corp. · creditor: City of Edmonton (municipal tax authority) · currency: CAD · security: Registered tax notifications against the Lands
- secured creditorsnote: Amount inclusive of Tax Payment Cost Account ($1,144,565.72 Tax Arrears paid to City of Edmonton) but exclusive of legal fees/disbursements cost account; interest accrues at $1,890.84/day; first charge mortgage over Lands and personal property thereon · page: 4 · as of: 2026-07-29 · amount: 10898181.59 · debtor: Luxor Land Ltd. and Mesa West Capital Corp. · creditor: National Bank of Canada · currency: CAD · security: General Security Agreement dated January 8, 2019 (all present and after-acquired personal property re: Lands); Mortgage dated January 8, 2019 registered against the Lands (does not attach to WSP Place); Assignment of Leases and Rents dated January 8, 2019
- secured creditorsnote: NBC cannot independently verify; figure from MCAP's own receivership application materials over WSP Place, a separate but related property · page: 6 · amount: 44643306.18 · debtor: Guaranteed by GSRI Ltd. and George Schluessel (guarantors of the Debt); secured against WSP Place · creditor: MCAP · currency: CAD · security: Not fully described on these pages; MCAP has separate receivership application over WSP Place