Alberta · Interim receivership
Application of Royal Bank of Canada filed June 24, 2026
Application / notice of application · 24 June 2026
Also filed as: Application of Royal Bank of Canada filed June 24, 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- secured creditorsnote: Promissory note given by Ms. Qarni as condition of the 230 Alberta Settlement (return of $400,000 deposit dispute); mortgages registered subsequent to (i.e., subordinate to) RBC's Mortgages. · page: 11 · as of: approximately April 2026 (230 Alberta Settlement) · amount: 350000 · debtor: Razia Qarni · creditor: 230 Alberta prospective purchaser (unnamed in document) · currency: CAD · security: Mortgages against the Mortgaged Properties (224 Mortgaged Property and ANS 1993 Mortgaged Property)
- unsecured creditorsnote: Quasi-governmental/deemed-trust class claim as pleaded in the Application. · page: 11 · as of: 2026-02-13 · basis: stated in application as indebtedness of the Borrowers to CRA · amount: 721625.28 · debtor: the Borrowers (Corporate Respondents and 236 Alberta, collectively) · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Regulatory/statutory garnishment (Requirement to Pay) directed at RBC in respect of 141 Alberta's tax liability; not a claim against RBC's security but a third-party demand. · page: 12 · as of: 2026-04-13 · basis: Requirement to Pay Money issued to RBC on behalf of 141 Alberta · amount: 14307.06 · debtor: 1416452 Alberta Ltd. (141 Alberta) · creditor: Government of Alberta (Treasury Board and Finance - Tax and Revenue Administration) · currency: CAD
- secured creditorsnote: Outstanding Indebtedness inclusive of interest and solicitor-client legal fees to June 19, 2026, excluding accruing professional fees. Ms. Qarni is a personal guarantor (Individual Guarantor) and director/shareholder of the Corporate Respondents - related party. Security interests in 236 Alberta were discharged January 20, 2026 on condition Respondents assumed remaining 236 Alberta indebtedness of $8,522.88 (included within Outstanding Indebtedness). · page: 13 · as of: 2026-06-19 · amount: 5841468.5 · debtor: ANS 1993 Ltd., 1416452 Alberta Ltd., 2242246 Alberta Ltd., 2308213 Alberta Ltd., 786 N and S Enterprises Ltd., P & N Development Ltd. and Razia Qarni (jointly/severally, the Respondents) · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreements over all present and after-acquired property of each Borrower; Collateral Mortgages of $3,195,000 (224 Alberta, registered principal, not a balance) and $1,356,600.00 (ANS 1993, registered principal, not a balance) against specified condominium units; Assignments of Rents/Leases; General Security Agreement - Floating Charge on Land (ANS 1993); Guarantees and Postponements of Claim among the Corporate Respondents and by Ms. Qarni; Postponements and Assignments of Claim by Ms. Qarni; Security Agreements (Chattel Mortgages) re 236 Alberta (discharged); Credit Facilities include (not balances, facility limits only): 141 Alberta revolving demand $36,000 + credit card $30,000; 224 Alberta non-revolving term $3,195,000 + revolving demand $30,000 + revolving demand $105,000 + credit card $30,000; 230 Alberta revolving demand $70,000 + credit card $30,000; 786 Enterprises lease facility $637,000 + credit card $30,000 + revolving demand $95,000; ANS 1993 non-revolving term $1,356,600; P & N Development revolving demand $36,000 + credit card $30,000; 236 Alberta CSBFL term loan (non-revolving, amount unstated) + $25,000 operating line.