Corporate Engagements

On September 19, 2019 the Court of Queen’s Bench of Alberta approved an Order adjudging B. Kennedy Architecture Inc. bankrupt and MNP Ltd. was appointed as Licensed Insolvency Trustee. B. Kennedy Architecture Inc. provided architecture and design services in Edmonton, Alberta.

On October 22, 2019, Del Equipment Inc. sought and obtained from the Ontario Superior Court of Justice (Commercial List) an order (the "Initial Order") under the Companies' Creditors Arrangement Act ("CCAA") on October 22, 2019. Pursuant to the Initial Order, MNP Ltd. has been appointed as CCAA monitor. For further information in relation to the Limited Receivership, click here . For further information in relation to the Bankruptcy, click...

MNP Ltd. was appointed as the receiver of certain of the assets, undertakings and property of the Debtors (the "Receiver") pursuant to an order granted by the Honourable Justice Groves of the Supreme Court of British Columbia on October 3, 2019 (the "Receivership Order"). Relevant information regarding these proceedings is available below. Additional relevant information regarding these proceedings, including Receiver's reports, notices, and...

MNP Ltd. was appointed received of Kakkar Real Estate Holdings Ltd. ("Kakkar") by way of a Court of Queen's Bench of Alberta Order dated October 23, 2019. Kakkar operated a 67 room hotel in Edson, Alberta and held real estate assets in Edmonton, Alberta.

The company was placed into receivership on application by the Royal Bank of Canada. The company operates in construction renovation business and the relationship with the secured creditor diminished because of issues surrounding the collection of accounts receivable and completion of various construction contracts.

The directors of the company sold the operating name and recipes to a local grocery chain and elected to retire. There were no succession plans for the operations and no individual was prepared to assume the ongoing operations. The majority creditor was a related party who owned the rented premises.

On January 25, 2019, Stevens Resource Group Inc. filed a Notice of Intention to Make a Proposal (the "Proposal") pursuant to s.50.4(1) of the Bankruptcy and Insolvency Act (Canada) and MNP Ltd. has consented to act as Proposal Trustee.

Satin Finish Hardwood Flooring, Limited ("Satin Flooring") is a Toronto-based manufacturer of solid and engineered hardwood and importer/distributor of laminate and luxury vinyl flooring. Satin Flooring services the Ontario and Western Canada's builder market as well as some of Canada's most prestigious home builders and flooring contractors. Satin Flooring has a retailer network servicing the greater Toronto area as well as several established customers...

RMK Investments Inc. (the "Company") sells and installs the Hunter Douglas brand of home interior blinds and custom made draperies that were sold exclusively through the Hudson's Bay Department Stores. On October 30, 2018 the Company filed a Notice of Intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act. On January 21, 2019 the Company filed a proposal with The Bowra Group Inc. under the Bankruptcy and...

Ventilation JPM Inc. filed a Proposal on January 10, 2019 and MNP Ltd. has consented to act as Trustee under the said proposal.