Alberta · Receivership (court-appointed)
Third Report of the Receiver - Westmount Projects Inc.
Court officer report · 15 November 2023
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 filing7 verified
- operational summaryThe receivership concerns three residential properties (18 units, fully tenanted at receivership) and certain serial-number equipment. The Receiver ran a marketing and sale process and recommends court approval of two condition-free asset purchase agreements, with Mainstreet Equity Corp. and Harmani Calgary Inc. The Debtor has not complied with the Compliance Order on equipment delivery, security deposits, and books and records.
- process resultsbids: 13 · ndas: 26 · note: 13 offers received at Bid Deadline; 9 parties toured Mortgaged Property; 2 withdrew from Sale Process · as of: 2023-08-21 · solicited: 1400
- purchaserMainstreet Equity Corp.; Harmani Calgary Inc.
- report date15 November 2023
- report noThird Report
- sale advisorAvison Young
- sale outcometext: 13 offers received at Bid Deadline, final and best offers invited, MEC and HCI final offers compared for Gloria Court Assets · scope: whole_business · status: bid_selected