Page last updated: September 11, 2019
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On September 11, 2019, the Court granted an Interim Distribution Order in respect of a proposed distribution of funds held by the Receiver to certain secured creditors. A copy of this order is posted in the Court Orders section of this website.
On August 29, 2019, the Receiver filed its Second Report to the Court seeking, among other things, approval of a proposed distribution of the Maynards auction proceeds to certain secured creditors. The hearing is scheduled for September 11, 2019. A copy of the Second Report and application materials can be found in the Court Reports and Application Materials sections.
On May 13, 2019, the Court granted an Approval and Vesting Order in respect of the sale of Devlin's assets by way of auction. A copy of this order is posted in the Court Orders section of this website.
On May 6, 2019, the Receiver filed its First Report to the Court seeking, among other things, approval of the sale of Devlin's assets by way of auction. The hearing is scheduled for May 13, 2019. A copy of the First Report and application materials can be found in the Court Reports and Application Materials sections.
On February 7, 2019, Devlin Construction Ltd. ("Devlin") and S7 Ventures Ltd. ("S7")(collectively referred to as the "NOI Companies") filed a Notice of Intention to Make a Proposal ("NOI") under subsection 50.4(1) of the Bankruptcy and Insolvency Act. Subsequently, on March 6, 2019, the NOI Companies applied for and received an Order extending the time to file a Proposal to April 8, 2019.
On April 8, 2019, Devlin and S7 applied for an Order extending the time to file a Proposal. The Order was not granted, and the NOI Companies did not file a Proposal to their creditors. As a result of the foregoing, the NOI Companies were deemed bankrupt. For further information on the NOI please visit https://www.bowragroup.com/devlinconstruction.
On April 8, 2019, PricewaterhouseCoopers Inc., LIT was appointed Receiver of Devlin Construction Ltd., S7 Ventures Ltd. and KMOJ Holdings Ltd. ("KMOJ") by the Court of Queen's Bench of Alberta ("Receivership Order"). A copy of the Receivership Order can be accessed under the Court Orders tab of this website.
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