British Columbia · Receivership (court-appointed)
Petition Record dated March 2, 2026
Application / notice of application · 2 March 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 filing5 verified
- applicantInstitutional Mortgage Capital Canada Inc., in its capacity as general partner of IMC Limited Partnership
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noS-261536
- commencement date2 March 2026
- secured creditorsnote: Amount stated is total Indebtedness owed pursuant to the Loan as at January 19, 2026, distinct from the $76,385,167.72 mortgage principal/original advance. Guarantors include Personal Guarantors Shao Ming Yang, Zheng Yu Huang and Tian Tony Zhao (individual guarantees, not corporate debt) and Corporate Guarantors who are related/affiliated entities of the Borrowers. · page: 8 · as of: 2026-01-19 · amount: 79271630.22 · debtor: 31519 Investments Ltd., 31519 East 2nd Limited Partnership, 31519 GP Ltd. (Borrowers), together with Corporate Guarantors (Feather Wave Holdings Ltd., MHHLM Holdings Ltd., Oceanpeak Enterprise Inc., Momenta Properties Inc., Yulead Holdings Ltd., 1183715 B.C. Ltd., 1194904 B.C. Ltd.) and Personal Guarantors · creditor: Institutional Mortgage Capital Canada Inc., in its capacity as general partner of IMC Limited Partnership · currency: CAD · security: Form B Mortgage (registered principal $76,385,167.72) and Assignment of Rents registered against 1888 Scotia Street, Vancouver; Equitable Mortgage (Beneficial Owner Agreement); Location Specific Security Agreement (LSSA); Assignment of Contracts, Deposits, Permits and Plans; Assignment of Insurance Proceeds; Guarantee dated May 27, 2025 from Guarantors