British Columbia · CCAA
First Report to Court
Court officer report · 6 October 2025
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 filing3 verified
- secured creditorsnote: Interim financing facility limit, not an outstanding balance; as of report date no advances had been made from the Interim Financing Facility. · page: 2 · as of: Initial Order dated September 25, 2025 · debtor: Minglian Holdings Ltd. and 0882892 B.C. Ltd. · creditor: National Bank of Canada (as Interim Lender) · currency: CAD · security: Interim Lender's Charge over Debtors' current and future assets, undertakings and property; originally up to maximum $500,000, increase sought under Comeback Application to maximum $1,150,000 plus interest and professional fees/costs
- secured creditorsnote: Charge secures professional fees/disbursements, not a debt balance; ranks first in priority ahead of Interim Lender's Charge. · page: 2 · as of: Initial Order dated September 25, 2025 · debtor: Minglian Holdings Ltd. and 0882892 B.C. Ltd. · creditor: McCarthy Tétrault LLP, MNP Ltd. (Monitor), and Fasken Martineau DuMoulin LLP · currency: CAD · security: Administration Charge over Debtors' current and future assets, first-ranking; maximum aggregate amount $250,000, increase sought under Comeback Application to $500,000
- secured creditorsnote: Outstanding debt owed to NBC of approximately $37.1 million (prose approximation, no exact dated balance provided); NBC also acts as Interim Lender under Interim Financing Facility secured by Interim Lender's Charge. · page: 6 · as of: date of this Report · amount: 37100000 · debtor: Minglian Holdings Ltd. and 0882892 B.C. Ltd. · creditor: National Bank of Canada · currency: CAD · security: Financed the Duet Project; increased Interim Lender's Charge sought up to $1,150,000 principal (interim financing)