Alberta · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 13 July 2026
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What we verified from this filing8 verified
- secured creditorsnote: Receiver corresponded with CRA and reviewed CRA's asserted deemed trust claims relating to GST accounts; no amount stated in this Report (deemed trust class). · page: 8 · debtor: 1043569 Alberta Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Amount stated exclusive of accrued and accruing interest, legal fees and enforcement costs. Earlier balance stated as approximately $2,780,564.38 as at December 30, 2025 (also exclusive of accruing interest/costs). Also secured by a Guarantee and Postponement executed by Jarnail Singh Sihota, sole director of the debtor (personal guarantor). Receiver obtained independent legal opinion confirming Servus's security is valid and enforceable. · page: 13 · as of: 2026-02-24 · amount: 2934575.06 · debtor: 1043569 Alberta Ltd. · creditor: Servus Credit Union Ltd. · currency: CAD · security: First-ranking Mortgage registered against title Sept 13, 2021 (original principal amount $3,038,750); General Assignment of Leases and Rents registered Sept 13, 2021; General Security Agreement over all present and after-acquired personal property registered at Alberta PPR May 20, 2021 (Reg. No. 21052035225)
- secured creditorsnote: Original judgment amount $32,847.08 plus costs $29.48; current amount owing (incl. post-judgment interest) per PPR search dated July 13, 2026 is $33,882.77. Registered subsequent to, and subordinate to, Servus's mortgage and GSA. · page: 32 · as of: 2026-07-13 · amount: 33882.77 · debtor: 1043569 Alberta Ltd. · 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 Dec 5, 2024 (Reg. No. 242 304 930) and at Alberta PPR Oct 28, 2024 (Reg. No. 24102832575); Federal Court Action No. ETA-3860-24, judgment dated 2024-Jul-17
- fee scheduleengagements: form: report_table · rows: Kristin Gray; Steven Barlott; Mark Shtay; Brandon Bruce; Carolina Bautista; Comfort Uche; Noah Jiwa; Shannon M. Massa; Megan Schafer; Jheanel Montgomery; Sami Healey · money: tax: label: GST · quote: GST | 2,825 · amount: 2825 · fees: quote: Fees | 56,330 · amount: 56330 · total: quote: Total | 59,315 · amount: 59315 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 161 · amount: 161 · period: end: 2026-05-31 · kind: invoice · quote: A summary and copies of the Receiver's invoices rendered during the period of January 21, 2026, to May 31, 2026, are attached as Exhibit 'A' to the Fee Affidavit · 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 1043569 ALBERTA LTD. · hours total: quote: 138.80 | 138.80 | 138.80 | 138.80 · value: 138.8 · context quote: IN ITS CAPACITY AS RECEIVER OF 1043569 ALBERTA LTD. · comparability quote: In the Receiver's opinion, the cost of this Receivership is comparable to receivership assignments of similar scale and complexity.; form: report_table · rows: · money: fees: quote: The total billed legal fees of McLennan Ross to June 19, 2026, are $20,180 and disbursements are $194 as summarized in the table below: · amount: 20180 · approximate: false · disbursements: quote: The total billed legal fees of McLennan Ross to June 19, 2026, are $20,180 and disbursements are $194 as summarized in the table below: · amount: 194 · period: end: 2026-06-19 · kind: invoice · quote: The total billed legal fees of McLennan Ross to June 19, 2026, are $20,180 and disbursements are $194 as summarized in the table below: · approval: state: unstated · averages: · currency: · invoices: · firm text: McLennan Ross LLP · firm quote: The Receiver engaged the services of McLennan Ross LLP (' McLennan Ross ')as its independent legal counsel to assist with the obligations in these proceedings. · context quote: The Receiver engaged the services of McLennan Ross LLP (' McLennan Ross ')as its independent legal counsel to assist with the obligations in these proceedings.
- process resultsbids: 1 · ndas: 30 · note: Marketing generated significant interest but only one formal written offer was received · qualified bids: 1
- purchaserGravity Centre Sprucewood Ltd.
- sale advisorMarcus & Millichap Real Estate Investment Services Canada Inc.
- sale outcometext: Receiver requests approval of the Purchase Agreement and pronouncement of the Sale Approval and Vesting Order · scope: parcel · status: pending_approval