British Columbia · Receivership (court-appointed)
Petition to the Court dated January 7, 2026
Application / notice of application · 7 January 2026
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What we verified from this filing14 verified · 4 withheld
- appointeeKSV Restructuring Inc.
- appointee rolereceiver and manager, without security
- statutory basissection 243 of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3 and section 39 of the Law and Equity Act, RSBC 1996, c. 253
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 6 · debtor: Borrowers (Maskeen entities) · creditor: Madness Forming & Construction Services Inc. · currency: CAD · security: Builder's lien registered against Lot 2
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 6 · debtor: Borrowers (Maskeen entities) · creditor: PDQ Construction Ltd. · currency: CAD · security: Builder's lien registered against Lot 2
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 6 · debtor: Borrowers (Maskeen entities) · creditor: Integrity Shoring & Civil Ltd. (with assumed name ISC Shoring & Civil Ltd.) · currency: CAD · security: Builder's lien and Certificate of Pending Litigation registered against Lot 2
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount of lien not stated · page: 6 · debtor: Borrowers (Maskeen entities) · creditor: Country Green Excavating Limited · currency: CAD · security: Builder's lien and Certificate of Pending Litigation registered against Lot 1/Lot 2
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 6 · debtor: Borrowers (Maskeen entities) · creditor: 1299615 B.C. Ltd. · currency: CAD · security: Charge/encumbrance registered against the Lands
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 6 · debtor: Borrowers (Maskeen entities) · creditor: Nexgen Environmental Services Ltd. · currency: CAD · security: Builder's lien registered against Lot 2
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 7 · debtor: Borrowers (Maskeen entities) · creditor: Tokio Marine Canada Ltd. · currency: CAD · security: Security interest registered in the BC Personal Property Registry against the Property
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; individual amounts not stated, aggregated as PMSI-class equipment/vehicle financiers · page: 7 · debtor: Borrowers (Maskeen entities) · creditor: PPSA equipment financiers (PMSI class): BMW Canada Inc., Front Street Leasing LP O/A Dilawri Leasing, Openroad Leasing, TD Auto Finance (Canada) Inc. · currency: CAD · security: Security interests registered in the BC Personal Property Registry against the Property (vehicle/equipment financing)
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 7 · debtor: Borrowers (Maskeen entities) · creditor: First West Credit Union · currency: CAD · security: Security interest registered in the BC Personal Property Registry against the Property
- secured creditorsnote: Ranks subsequent in priority to MCAP's mortgage; amount not stated · page: 7 · debtor: Borrowers (Maskeen entities) · creditor: Vancouver City Savings Credit Union · currency: CAD · security: Security interest registered in the BC Personal Property Registry against the Property
- secured creditorsnote: Corporate guarantors 0816980 B.C. Ltd., 0816984 B.C. Ltd., Pro Ridge Homes Ltd., Proridge Ventures Inc. and personal guarantees from individuals Jagdip Singh Sivia, Amarjit Kaur Sivia, Jatinderpal Singh Gill, Harbans Kaur Gill and Prabhdev Singh Khera (individual names for reference only). Amount stated in Order Nisi as 'amount of money due and owing under the Security...is $15,429,766.11 as at January 6, 2026'; also stated as Indebtedness of $15,429,766.11 as of January 5, 2026 in the Petition (p.11). Subject to further summary accounting. · page: 42 · as of: 2026-01-06 · amount: 15429766.11 · debtor: Maskeen 177 Projects Ltd., 0676086 B.C. Ltd., Maskeen Development Ltd., Maskeen Homes Ltd., 1302095 B.C. Ltd., 0943151 B.C. Ltd. (Nominee) · creditor: MCAP Financial Corporation · currency: CAD · security: First mortgages/assignments of rents (Legal Mortgage, Phase 1 Beneficial Mortgage, Remainder Lands Beneficial Mortgage) on Lots 1, 2 and 4; Site Specific GSAs (PPSA reg. 253865P); Guarantees; Postponements; Ancillary Security Agreements (interest reserve, assignment of material documents, assignment of strata voting rights, assignments of insurance proceeds); Forbearance Agreement dated Oct 3, 2025
4 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.