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Engagements

Select Lands of Tigris Management Corp.

On October 6, 2023, by Order (the “Receivership Order“) of the Court of King’s Bench of Alberta (the “Court“), pursuant to section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3 (“BIA“), section 13(2) of the Judicature Act, RSA 2000, c J-2, section 65(7) of the Personal Property Security Act, RSA 2000, c P-7 (“PPSA”), and section 49 of the Law of Property Act, RSA 2000, c L-7, B. Riley Farber Inc. was appointed as Receiver (the “Receiver“), without security, of all of Tigris Management Corp.’s (the “Debtor“) present and after-acquired personal property situated on the land municipally described as 4015 17 Avenue Southeast in Calgary, Alberta (the “Commercial Lands”), or which at any was annexed to, comprise in, pertaining or relating to or used in connection with the Commercial Lands, including all rents, deposits, bank accounts, other amounts and all books and records associated with such collateral and the Commercial Lands (collectively and together with the Commercial Lands, the “Property”).

A copy of the Receivership Order can be found below.

Sale Process

The Receiver is offering the Debtor’s Property for sale, being the land and buildings located at 4015 17 Avenue Southeast, Calgary, AB, T2A 0S8.

Interested parties are invited to contact the Receiver’s listing agent below:

Kevin Morgans
Avison Young Commercial Real Estate (Ontario) Inc.
Principal | Investment Sales
T: 403.232.4318
E: [email protected]

To view the property, please use the following link: https://www.avisonyoung.ca/properties/4015-17-avenue-southeast-calgary-sale

Creditor Inquiries

For creditor inquiries, please contact:

Erin Merrick
Corporate Insolvency Administrator | Restructuring
T: 437.294.4618
E: [email protected]

The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.

Documents

Court Orders

• Order of Justice D. B. Nixon (Receivership Order) – October 6, 2023

• Order of Justice E. J. Sidnell (Approval of Actions of Receiver and Professional Fees) – April 4, 2024

• Order of Justice E. J. Sidnell (Approval and Vesting Order) – April 4, 2024

• Order of Justice E. J. Sidnell (Sealing Order) – April 4, 2024

• Order of Justice E. J. Sidnell (Sealing Order) – May 14, 2024

• Order of Justice (Discharge Order) – September 4, 2024

Motion Materials

• Application (Sale Approval and Vesting Order, Approval of Fees and Conduct, Sealing Order, etc.) – March 26, 2024

• Bench Brief of the Receiver – March 28, 2024

• Application (Stay of Execution) – April 19, 2024

• Affidavit of T. Muhammed – Sworn April 18, 2024

• Supplemental Affidavit of Dr. Talib Muhammed – April 30, 2024

• Brief of Argument of Applicants – April 30, 2024

• Brief of the Respondent (Royal Bank of Canada) – May 7, 2024

• Brief of the Receiver – May 7, 2024

• Book of Authorities of the Receiver – May 7, 2024

• Application (Sealing Order) – May 8, 2024

• Supplemental Affidavit of Dr. Talib Muhammed – May 9, 2024

• Application (Discharge) – August 23, 2024

• Notice of Money Paid into Court – November 1, 2024

Receivership

• First Report of the Receiver – March 25, 2024

• Second Report of the Receiver – May 7, 2024

• Third Report of the Receiver – August 23, 2024

• Receiver’s Discharge Certificate – October 23, 2024

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Contacts

Hylton Levy

CPA, CA, CIRP, LIT
Senior Managing Director Restructuring
  • 437.294.4624
  • 416.543.1207
  • [email protected]

Derek Church

CPA, CA, CIRP, LIT
Managing Director Restructuring
  • 587.747.7592
  • 403.671.0310
  • [email protected]
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