British Columbia · CCAA
Filed Petition dated June 5, 2026
Application / notice of application · 5 June 2026
What we verified from this filing6 verified · 3 withheld
- applicantSYMPHONY HOMES (MOONLIGHT SONATA) LIMITED, 1168386 B.C. LTD., 1197030 B.C. LTD., 1197062 B.C. LTD., and 663466 B.C. LTD.
- appointeeGrant Thornton Limited
- appointee roleproposed monitor
- secured creditorsnote: KingSett issued formal demand around May 4-5, 2026 for $59,121,710.51, stated to represent the entire principal amount then outstanding plus accrued/unpaid interest and other amounts due (a floor - 'in excess of $59 million' per para 8, later quantified precisely). KingSett claims advances of approximately $52,542,533 as of December 16, 2025 (a prior, lower balance figure, not the current outstanding amount). Liabilities are described elsewhere as 'up to $59,121,710.51' (a ceiling framing of the same demanded amount). · page: 7 · as of: 2026-05-21 · amount: 59121710.51 · debtor: Symphony Homes (Moonlight Sonata) Limited, 1168386 B.C. Ltd., 1197030 B.C. Ltd., 1197062 B.C. Ltd., and 663466 B.C. Ltd. (all Petitioners, as borrowers) · creditor: KingSett Mortgage Corporation · currency: CAD · security: KingSett Credit Agreement (non-revolving demand loan, committed $93,350,000, maximum principal $95,300,000 - facility limits, not balances); general security agreements; share pledge agreements; unlimited personal guarantees from Gurdeep and Gurmel Singh Kainth (individuals - guarantors, related to directors); 663466 B.C. Ltd. provided certain guarantees and security to KingSett
- secured creditorsnote: Document text is internally inconsistent: security described as granted 'to Romspen' but the collective security package is then labelled the 'KingSett Security,' suggesting a drafting error conflating KingSett and Romspen, or that Romspen is a related/assignee secured party under the same facility. No separate outstanding balance for Romspen is stated in these pages. · page: 8 · debtor: Petitioners (in connection with the KingSett Credit Facility) · creditor: Romspen · currency: CAD · security: First-ranking mortgage and assignment of rents over the Real Property, registered principal amount $105,000,000 (the 'Romspen Mortgage') - registered principal, not an outstanding balance; also unlimited guarantees from Gurdeep and Gurmel Singh (individuals); general security agreements; share pledge agreements
- financial positionnote: Figure represents long-term assets only, expressly 'not accounting for construction in progress.' No total liabilities figure is stated; liabilities are described only by component (accounts payable and accrued liabilities, and up to $59,121,710.51 in secured liabilities under the KingSett Credit Facility) without a stated total, so total_liabilities is left null per reporting rules. · page: 9 · as at: 2025-12-31 · basis: unaudited 2025 financial statements · scope: Petitioners collectively (Symphony Homes (Moonlight Sonata) Limited and affiliated B.C. numbered companies) · currency: CAD · total assets: 48055168
3 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.