Alberta · Receivership (court-appointed)
Receivership Order pronounced January 22, 2025
Receivership order · 22 January 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 filing17 verified
- applicantRoyal Bank of Canada
- applicantRoyal Bank of Canada
- commencement date22 January 2025
- courtCourt of King's Bench of Alberta
- courtCOURT OF KING'S BENCH OF ALBERTA
- debtor namesGrace Road Lines Ltd.; Goodwill Enterprises Ltd.
- order date22 January 2025
- appointeeGrant Thornton Limited
- appointeeGrant Thornton Limited
- appointee rolereceiver and manager
- appointee roleReceiver and Manager
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act and section 13(2) of the Judicature Act
- statutory basisSection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and section 13(2) of the Judicature Act, R.S.A. 2000, c. J-2
- stay grantedtrue
- secured amountnumber: 500000
- chargesReceiver's Charge; Receiver's Borrowings Charge (500000)
- presiding officerJustice Simard