British Columbia · Bankruptcy
Trustees' Second Report to Creditors dated March 15, 2022
Court officer report · 15 March 2022
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 filing4 verified
- cash on handnote: Sum of estate account balances across four companies: Conian Developments Inc. $106; Conian Developments (La Voda) Inc. $5,987,863; Conian Developments (La Voda) II Inc. $98; FLII Construction Ltd. $235,873. Bowra Group additionally holds approximately $2,000,000 in Trust pending settlement with CBA, not included in this total. · amount: 6223940 · currency: CAD
- operational summaryThe Trustee has been administering the bankruptcy estates following the sale of the La Voda Project Lands, resolving lien claims, and is now working through a proposed claims process for unsecured lenders affected by an alleged Ponzi-like scheme run by Rana Khaliq; a substitution of trustee to BDO Canada Limited is recommended.
- report date15 March 2022
- report noSecond Report