Facts: Royal Bank of Canada (RBC) appointed KPMG Inc. as the receiver for iFly Vancouver Inc., Free Flight Formation Inc., and 1088384 B.C. Ltd. due to their failure to complete a vertical wind tunnel project and outstanding debts over $7 million. MBA Asset Management Inc. was a guarantor for the debts.

Issue: The case centered on the approval of a reverse vesting order (RVO) for the sale of the debtor companies' assets to a new entity established by MBA and other shareholders, and whether this was the best solution considering the interests of all stakeholders, including the secured creditor RBC.

Court's Ruling: The court approved the RVO, finding it to be the best offer and that it served the interests of all stakeholders involved, including the preservation of the project's intended purpose. The court determined that the RVO was necessary to preserve the business's permits, licenses, and avoid litigation related to contract assignments.

Costs/Damages Awarded: The document does not specify the exact amount of costs or damages awarded. However, it mentions that the net difference between the two offers for the assets was about $600,000 after considering the security release required by RBC.