Alberta · Interim receivership
Receiver's Sixth Report, dated July 2, 2026
Court officer report · 2 July 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 filing12 verified
- cash on handnote: Statement of receipts and disbursements covers April 3, 2025 to June 19, 2026; funds in Receiver's account total $1,145 thousand (Jewellers $360K, Investments $785K); text says approximately $1.1 million is held between Jewellers and Investments, prior to proceeds of the proposed Units 171, 175 and 179 sale. · as at: 2026-06-19 · amount: 1145000 · currency: CAD · qualifier: approximately
- closing confirmedscope: Units 47 and 48 · outcome: completed · effective: 2025-07-31 · date basis: stated · approval order date: 2025-06-30; scope: Unit 3 · outcome: completed · effective: 2025-11-27 · date basis: stated · approval order date: 2025-11-05; scope: Units 87 and 88 (sale to new purchaser) · outcome: completed · effective: 2025-11-28 · date basis: stated · approval order date: 2025-11-05; scope: the High River Property · outcome: completed · effective: 2026-01-15 · date basis: stated · approval order date: 2025-12-17; scope: Units 87 and 88 (original purchaser's sale agreement) · outcome: not_completed · effective: 2025-10-02 · date basis: stated · approval order date: 2025-08-14
- disbursementsnote: Total disbursements to June 19, 2026: $1,521K (Jewellers $472K, Investments $1,049K); this excludes the $4,900K payment to the secured creditor (RBC), which is shown separately below the excess of receipts over disbursements. · since: April 3, 2025 · amount: 1521000 · currency: CAD
- operational summaryThe Receiver is realizing the remaining real estate of Investments, with the sale of Units 171, 175 and 179 awaiting Court approval, and has completed the Bonhams jewellery auction and distributions to CRA and RBC. Jewellers was placed in bankruptcy in December 2025, and the Receiver expects RBC to be repaid in full.
- professional feesnote: Receiver's fees of $374K (Jewellers $127K, Investments $247K), per the statement of receipts and disbursements in $000's; legal fees of $155K (Jewellers $50K, Investments $105K) are also listed. Tax treatment not stated; GST paid is shown as a separate line. · party: Receiver (BDO Canada Limited) · amount: 374000 · period: April 3, 2025 to June 19, 2026 · currency: CAD
- purchaserBaljor Singh Dhillon
- receipts cumulativenote: Total receipts to June 19, 2026: $7,566K (Jewellers $1,888K, Investments $5,678K), of which sales and rental income is $7,132K. · since: April 3, 2025 · amount: 7566000 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The Receiver has paid in full CRA's deemed trust claims in respect of payroll source deductions for each of Jewellers and Investments, as well as CRA's deemed trust claim in respect of GST against Investments. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · class label: CRA's deemed trust claims in respect of payroll source deductions for each of Jewellers and Investments, as well as CRA's deemed trust claim in respect of GST against Investments · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the foregoing, the Receiver expects that RBC will be repaid in full in respect of its secured indebtedness against both the Investments and Jewellers estates. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: RBC secured indebtedness against both the Investments and Jewellers estates · creditor name: RBC · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: the Receiver proposes to distribute $500,000 to the Second Mortgagee. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 500000 · amount high: 500000 · class label: Second Mortgagee (second-ranking mortgage over Units 47 and 48) · claims amount: 1500000 · creditor name: Kamaljit Dhillon and Harminder Sidhu · interim final: interim · conditional on: subject to the successful closing of the proposed transaction involving Units 171, 175 and 179, and provision of the information requested by the Receiver from the Second Mortgagee · claims qualifier: unstated; basis: plan · quote: The Receiver also anticipates that it will be in a position to make partial distributions in respect of the secured claims of Yes Plan of $141,992, plus accrued interest and the Second Mortgagee of $500,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 141992 · amount high: 141992 · class label: Yes Plan Auto Finance Inc. (second-ranking secured creditor in respect of the vehicle) · claims amount: 216685 · creditor name: Yes Plan Auto Finance Inc. · interim final: unstated · conditional on: plus accrued interest · claims qualifier: unstated · stated on: 2026-07-02 · table missing:
- report date2 July 2026
- report noSixth Report of the Receiver
- sale advisorRoyal LePage; Bonhams Canada
- sale outcometext: Sale agreement for Units 171, 175 and 179 negotiated and entered into, subject only to Court approval; the Receiver seeks approval of the sale. · scope: parcel · status: pending_approval