A B.C. Supreme Court judge has dismissed the RBC’s attempt to push two Smith family holding companies into bankruptcy, but granted an application to bankrupt a third company holding a 6.6 acre property in Mayfair Industrial Park.
In a ruling issued on Dec. 23, 2025, Justice Michael Stephens concluded RBC failed to meet the Bankruptcy and Insolvency Act test needed to obtain orders against Bastian Holdings Ltd. and Krystle Holdings Ltd. – owned by Craig and Kyle Smith, respectively.
Through these holding companies, the brothers own Whitewater Concrete and Whitewater Development, as well as a series of related companies, which have been subject to…