Alberta · Receivership (court-appointed)
Originating-Application
Application / notice of application · 6 August 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 filing8 verified · 1 withheld
- applicantCMLS FINANCIAL LTD.
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2601-14150
- appointeeErnst & Young Inc.
- appointee rolereceiver and manager
- statutory basissection 243 of the Bankruptcy and Insolvency Act, RSC 1985 c B-3, section 13 of the Judicature Act, RSA 2000 c J-2 and section 49 of the Law of Property Act, RSA 2000, c L-7
- secured creditorsnote: First-ranking financial encumbrancer; approximate amount owing as at August 6, 2026 plus further accruing interest, costs and expenses (solicitor and client basis); personal guarantee also given by Gurpartap Dhaliwal, sole director of the debtor, who is a co-obligor under the demand · page: 5 · as of: 2026-08-06 · amount: 1886193.96 · debtor: 2404875 Alberta Ltd. · creditor: CMLS Financial Ltd. (as agent/custodian for Computershare Trust Company of Canada) · currency: CAD · security: Mortgage (CMHC-Commercial) in principal amount of $1,858,890 dated March 13, 2023 charging the Lands; General Assignment of Rents and Leases dated March 13, 2023; General Security Agreement dated March 13, 2023 (security interest in all present and after-acquired personal property on the Lands)
- secured creditorsnote: Registered without CMLS's prior written approval, constituting a default under the Credit Agreement; Domain has separately applied to appoint MNP Ltd. as interim receiver of rents · page: 6 · debtor: 2404875 Alberta Ltd. · creditor: Domain Mortgage Corp. · currency: CAD · security: Second mortgage registered against the Lands, subsequent in priority to CMLS's mortgage
1 extracted value is 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.