British Columbia · Receivership (court-appointed)
Petition to the Court dated February 10, 2026
Application / notice of application · 10 February 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- secured creditorsnote: First-ranking secured creditor; indebtedness exclusive of legal and other costs, interest continuing to accrue; projected to be $18,663,414.38 as at Feb 17, 2026 if no further payments made · page: 5 · as of: 2025-10-01 · amount: 18123750 · debtor: 1274877 B.C. Ltd. / Kinnaird Konversion Limited Partnership / Kinnaird Konversion GP Inc. · creditor: Portage Capital Nominee Corp. · currency: CAD · security: First-ranking mortgage (Portage Mortgage) and general security agreement (Portage GSA) registered ahead of Price Capital's registrations
- secured creditorsnote: Second-ranking secured creditor (petitioner), described as 'fulcrum' creditor; indebtedness exclusive of legal and other costs, interest continuing to accrue at 8% per annum; projected to be $6,353,820.29 as at Feb 17, 2026 if no further payments made; original Promissory Note principal was $5,902,208.22 (June 16, 2025) · page: 5 · as of: 2025-10-16 · amount: 6229333.75 · debtor: 1274877 B.C. Ltd. / Kinnaird Konversion Limited Partnership / Kinnaird Konversion GP Inc. · creditor: Price Capital Partners Inc. · currency: CAD · security: Second-ranking mortgage, assignment of rents, beneficial mortgage and direction to charge (Price Capital Mortgage), and general security agreement (Price Capital GSA)