British Columbia · Receivership (court-appointed)
Receiver's Third Report to Court
Court officer report · 16 October 2024
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What we verified from this filing11 verified
- cash on handnote: In addition, Receiver holds $104,030 construction holdbacks and $500,000 deposit relating to the Heritage House sale in trust. · as at: 2024-09-18 · amount: 165126 · currency: CAD
- closing confirmedscope: the Heritage House · outcome: not_completed · purchaser: Jaswinder Kaur Bhugra · date basis: unstated · approval order date: 2024-08-26
- disbursementssince: September 13, 2023 · amount: 1836000 · currency: CAD
- operational summaryThe Receiver has substantially completed construction of the Infill Homes and Siteworks, is awaiting City approvals/occupancy permits, is working to close the sale of the Heritage House, and continues to market the two remaining Infill Homes through Rennie & Associates.
- professional feesnote: A separate cost-to-complete comparison table shows a differing figure of $196,852 for Receiver's Fees and Disbursements for the same period. · party: Receiver (MNP Ltd.) · amount: 182296 · period: September 13, 2023 to September 18, 2024 · currency: CAD
- purchaserJaswinder Kaur Bhugra
- receipts cumulativesince: September 13, 2023 · amount: 2001126 · currency: CAD
- report date16 October 2024
- report noThird Report
- sale advisorRennie & Associates Realty Ltd.
- sale outcometext: The Court approved the sale of the Heritage House; closing is pending. Infill Homes continue to be marketed. · scope: parcel · status: approved