British Columbia · Receivership (court-appointed)

Receivership Order entered October 2, 2026

Receivership order · 2 October 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 filing3 verified

secured creditorsnote: Amount is the judgment sum as at September 25, 2026, with further interest accruing at $544.66 per day to the date of judgment, plus the Petitioner's costs. Order declares the mortgages and GSAs rank in priority to the interests of all respondents and persons claiming through them. Receiver's Charge and Receiver's Borrowings Charge (up to $250,000) rank ahead of this security. · page: 10 · as of: 2026-09-25 · amount: 4236383.11 · debtor: Royal Vancouver Air Conditioning Ltd. (RVAC) and Upgrade Electric Ltd. (UEL), jointly and severally · creditor: The Toronto-Dominion Bank (Petitioner) · currency: CAD · security: Mortgage and assignment of rents on RVAC Lands (832 314th Avenue, Burnaby, BC) and on UEL Lands (207-23251 Fraserwood Way, Richmond, BC), each dated March 12, 2024; General Security Agreements dated March 12, 2024 from RVAC and from UEL over all present and after-acquired personal property (BC PPR base registrations 2467690 and 2467120, March 13, 2024)
court file noH-261177
presiding officerJustice Baker