Alberta · Interim receivership
Application re: Sale Approval, Sealing Order, Receiver's Activities and Interim Distribution, filed July 3, 2026
Application / notice of application · 3 July 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 filing2 verified
- presiding officerJustice J.J. Gill
- recovery outcomeentries: basis: estimated · quote: Upon the closing of the sale contemplated by the Vesting Order, the Receiver will hold sufficient funds to pay out in full all amounts owed by Investments to RBC, and to make an interim distribution to the Second Mortgagees in the amount of $500,000.00. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Royal Bank of Canada, the priority creditor of Investments · creditor name: Royal Bank of Canada · interim final: unstated · table missing: · conditional on: upon the closing of the sale contemplated by the Vesting Order · claims qualifier: unstated; basis: estimated · quote: Upon the closing of the sale contemplated by the Vesting Order, the Receiver will hold sufficient funds to pay out in full all amounts owed by Investments to RBC, and to make an interim distribution to the Second Mortgagees in the amount of $500,000.00. · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · amount low: 500000 · cumulative: false · amount high: 500000 · class label: Second Mortgagees (Kamaljit Dhillon and Harminder Sidhu) · creditor name: Kamaljit Dhillon and Harminder Sidhu · interim final: interim · table missing: · conditional on: upon the closing of the sale contemplated by the Vesting Order · claims qualifier: unstated · table missing: