British Columbia · Winding-up (provincial)
Petition to the Court
Application / notice of application · 2 October 2025
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What we verified from this filing7 verified
- commencement date2 October 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noVLC-S-S-257426
- proceeding typewinding_up_provincial
- statutory basisSECTION 325 OF THE BUSINESS CORPORATIONS ACT, S.B.C. 2002, c. 57, AS AMENDED
- fee scheduleengagements: form: prose · rows: · money: fees: quote: The Liquidators fees for the period January 1, 2021 to May 31, 2025 were $337,214. · amount: 337214 · approximate: false · period: end: 2025-05-31 · kind: cumulative · quote: The Liquidators fees for the period January 1, 2021 to May 31, 2025 were $337,214. · start: 2021-01-01 · approval: state: unstated · averages: rate: 350.35 · quote: The Liquidator spent 962.5 hours for an average hourly rate of $350.35. · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd., in its capacity as the liquidator of British Columbia Discovery Fund Inc.(the "Petitioner") · hours total: quote: The Liquidator spent 962.5 hours for an average hourly rate of $350.35. · value: 962.5 · context quote: MNP Ltd., in its capacity as the liquidator of British Columbia Discovery Fund Inc.(the "Petitioner"); form: prose · rows: · money: · period: kind: unstated · approval: state: unstated · averages: rate: 660.68 · quote: Farris spent 163.9 hours for an average hourly rate of $660.68. · currency: · invoices: · firm text: Farris · firm quote: Farris spent 163.9 hours for an average hourly rate of $660.68. · hours total: quote: Farris spent 163.9 hours for an average hourly rate of $660.68. · value: 163.9 · context quote: Farris spent 163.9 hours for an average hourly rate of $660.68.
- recovery outcomeentries: basis: actual · quote: The Liquidator paid an interim distribution to shareholders of approximately $2.2 million in aggregate or $0.52 per share in June 2023 (the "Interim Distribution") at the end of the Liquidity Event Period. · pct of: unstated · outcome: distribution · class key: equity · stated by: liquidator · amount low: 2200000 · cumulative: true · amount high: 2200000 · class label: shareholders of British Columbia Discovery Fund Inc. · interim final: interim · claims qualifier: unstated; basis: estimated · quote: The Report contains an interim statement of receipts and disbursements as well as the estimated final distribution to shareholders of $0.11 per share or approximately $438,000 in aggregate. · pct of: unstated · outcome: distribution · class key: equity · stated by: liquidator · amount low: 438000 · cumulative: false · amount high: 438000 · class label: shareholders of British Columbia Discovery Fund Inc. · interim final: final · claims qualifier: unstated · table missing: