British Columbia · Receivership (court-appointed)
Receivership Order
Receivership order · 5 June 2026
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What we verified from this filing8 verified · 1 withheld
- applicantGneiss Capital Limited and 0980202 B.C. Ltd.
- appointeeMNP Ltd.
- appointee rolereceiver and manager
- commencement date5 June 2026
- courtSUPREME COURT OF BRITISH COLUMBIA
- court file noS-253036
- secured creditorsnote: Court declares security valid and in default; 'full balance due and owing under the Gneiss Security is now due and payable' but no specific dollar amount stated in this order. Guarantee involves individual guarantor Feng Luan and related entity guarantors (1246157 B.C. Ltd., iFortune Holdings Ltd.) - personal/related-party guarantees. · page: 11 · as of: default declared (order date, June 5, 2026) · debtor: Vansy-67 Economy Trade Development Corp. and 1254232 B.C. Ltd. (and guarantors Feng Luan, 1246157 B.C. Ltd., iFortune Holdings Ltd.) · creditor: Gneiss Capital Limited · currency: CAD · security: Gneiss Second Mortgage (indenture of mortgage and assignment of rents dated Oct 10, 2023, charge nos. CB969445/CB969446, transferred as CB1795052/CB1795053); Gneiss Beneficial Mortgage (beneficial mortgage and direction to charge dated Oct 11, 2023); Gneiss GSA (general security agreement dated Oct 11, 2023, PPR base registration 849010P, all present and after-acquired personal property of 125 B.C. Ltd., Vansy-67, 1246157 B.C. Ltd., iFortune Holdings Ltd. and Feng Luan); Gneiss Guarantee (unconditional guarantee dated Oct 11, 2023 by Feng Luan, 1246157 B.C. Ltd. and iFortune Holdings Ltd. of all present/future indebtedness of the Debtors to Gneiss)
- secured creditorsnote: Court declares security valid and in default; 'full balance due and owing under the 098 Security is now due and payable' but no specific dollar amount stated other than the $6,000,000 guarantee limit (a cap, not an outstanding balance). Priority subject to unproven claims of Gneiss and the CPL Respondents (1139885 B.C. Ltd., 1139684 B.C. Ltd., 1060700 B.C. Ltd., Uniwill Investments Inc.), which are contingent/unproven and not extracted as confirmed secured claims. · page: 12 · as of: default declared (order date, June 5, 2026) · debtor: Vansy-67 Economy Trade Development Corp. and 1254232 B.C. Ltd. · creditor: 0980202 B.C. Ltd. · currency: CAD · security: 098 Third Mortgage (indenture of mortgage and assignment of rents dated Sept 17, 2024, charge nos. CB1607962/CB1607963), subject to unproven interests of Gneiss and CPL Respondents (1139885 B.C. Ltd., 1139684 B.C. Ltd., 1060700 B.C. Ltd., Uniwill Investments Inc.) to the extent proven in the iFortune Action; 098 Beneficial Mortgage (estoppel certificate mortgage of beneficial interest dated Sept 17, 2024) over 125 B.C. Ltd.'s beneficial interest; 098 Limited Guarantee dated Sept 17, 2024, an unconditional guarantee by the Debtors of indebtedness of iFortune Royal Oak Holdings Ltd. and iFortune Royal Oak Limited Partnership to 098 B.C. Ltd., limited to $6,000,000 (guarantee cap, not a balance)
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.