British Columbia · Receivership (court-appointed)
Petition to the Court
Application / notice of application · 27 August 2025
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What we verified from this filing7 verified · 2 withheld
- applicantNational Bank of Canada
- court file noS-256472
- appointeeFTI Consulting Canada Inc.
- appointee rolereceiver and manager
- secured creditorsnote: Largest secured creditor, first ranking charge. Amount stated as of August 19, 2025 (not including fees, expenses, and other continuing obligations, which continue to accrue at $1,943.84/day). A separate Demand Letter dated July 15, 2025 stated the amount owed as of July 14, 2025 was $11,104,159.83 plus professional and other costs. Loan secured also by guarantees from Corporate Guarantors (Maskeen Homes Ltd. and Maskeen Development Ltd.) and Personal Guarantors (Jagdip Singh Sivia and Jatinderpal Singh Gill, individuals). · page: 4 · as of: 2025-08-19 · amount: 11036164.92 · debtor: Maskeen (Carvolth) Limited Partnership, Maskeen (Carvolth) GP Inc., Carvolth 86th Avenue Lands Ltd. · creditor: National Bank of Canada · currency: CAD · security: First-ranking charge; mortgage with assignment of rents on Property in principal amount of $11,000,000 registered September 29, 2022; general security agreements (GSAs) including site-specific security agreements (SSAs); general assignment of rents and leases; direction and beneficial charge agreements
- secured creditorsnote: Second-ranking lender; subordinated to National Bank of Canada pursuant to priority and postponement agreement dated for reference August 31, 2023. Amount not stated. · page: 5 · debtor: Maskeen (Carvolth) Limited Partnership / Carvolth 86th Avenue Lands Ltd. · creditor: Cedar Ridge Investments Ltd. · currency: CAD · security: Second-ranking mortgage and assignment of rents over the Property
- secured creditorsnote: Amount stated in Demand Letter dated July 15, 2025, as of July 14, 2025, plus professional and other costs, expenses, and fees not included. · page: 6 · as of: 2025-07-14 · amount: 11104159.83 · debtor: Maskeen (Carvolth) Limited Partnership, Maskeen (Carvolth) GP Inc. · creditor: National Bank of Canada · currency: CAD · security: Same as above
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.