Alberta · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 13 July 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified
- secured creditorsnote: Earlier stated indebtedness of approximately $6,868,646.91 as at December 30, 2025 also appears in the Report (para 14); the exact dated balance of $6,937,903.95 as at February 24, 2026 is the figure reported in the Security section. Receiver obtained an independent legal opinion confirming Servus's security to be valid and enforceable, subject to usual assumptions/qualifications. · page: 14 · as of: 2026-02-24 · amount: 6937903.95 · debtor: 1109079 Alberta Inc. · creditor: Servus Credit Union · currency: CAD · security: First-ranking Mortgage registered against title to the Property (original principal amount $7,670,000, registered March 24, 2022); General Assignment of Leases and Rents (registered March 24, 2022); General Security Agreement granting a security interest in all present and after-acquired personal property (registered at Alberta PPR October 1, 2021); Land Charge registered at Alberta PPR September 22, 2025; Guarantee and Postponement of Claim executed by Jarnail Sihota (personal guarantor)
- secured creditorsnote: Subject to a Certificate of Lis Pendens registered February 6, 2023, affecting this lien instrument (Instrument 222159598). · page: 30 · as of: 2022-07-19 · amount: 4147 · debtor: 1109079 Alberta Inc. · creditor: Hagen Surveys (1982) Ltd. · currency: CAD · security: Builder's Lien registered against title to the Property
- secured creditorsnote: Judgment debt arising from Federal Court action ETA-5871-24 (judgment dated October 23, 2024); original judgment amount $147,078.72 plus costs $27.65 and post-judgment interest $7,302.81, totaling $154,409.18 per PPR search current amount owing; this is a general tax judgment enforced by writ, not stated as a deemed-trust claim. · page: 33 · as of: 2026-07-13 · amount: 154409.18 · debtor: 1109079 Alberta Inc. · creditor: His Majesty the King in Right of Canada (Canada Revenue Agency) · currency: CAD · security: Writ of Seizure and Sale (Federal Writ) registered against title to the Property (August 1, 2025) and at the Alberta PPR (June 16, 2025) - execution/judgment lien
- fee scheduleengagements: form: report_table · rows: Kristin Gray; Steven Barlott; Mark Shtay; Brandon Bruce; Ryan Gnenz; Comfort Uche; Noah Jiwa; Isobel Smith; Shanna Marshall; Megan Schafer; Jheanel Montgomery; Melora Westman · money: tax: label: GST · quote: GST | 3,839 · amount: 3839 · fees: quote: The total Receiver fees to May 31, 2026, are $76,756 · amount: 76756 · total: quote: Total | 80,615 · amount: 80615 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements are $21 · amount: 21 · period: end: 2026-05-31 · kind: invoice · quote: the period of January 21, 2026 to May 31, 2026 · start: 2026-01-21 · approval: quote: The Receiver requests that the Court approve the Receiver's fees incurred to May 31, 2026. · state: sought · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: FIRST REPORT TO THE COURT OF MNP LTD. IN ITS CAPACITY AS RECEIVER OF 1109079 ALBERTA INC. · hours total: quote: 189.70 | 189.70 | 189.70 | 189.70 · value: 189.7 · context quote: IN ITS CAPACITY AS RECEIVER OF 1109079 ALBERTA INC. · comparability quote: In the Receiver's opinion, the cost of this Receivership is comparable to receivership assignments of similar scale and complexity.
- process resultsbids: 3 · ndas: 25 · note: Sale Brochure received 130 unique views/downloads; 120+ calls/discussions; 25 confidentiality agreements; three offers presented
- purchaserGravity Centre Thorncliffe Ltd.
- sale advisorMarcus & Millichap Real Estate Investment Services Canada Inc.
- sale outcometext: Receiver seeking approval of the Purchase Agreement with Gravity Centre Thorncliffe Ltd. · scope: parcel · status: pending_approval