101025963 Saskatchewan Ltd. & 102023806 Saskatchewan Ltd.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3 ("BIA"), section 65(1) of The Queen's Bench Act, 1998, SS 1998, c Q-1.01, and section 64(8) of The Personal Property Security Act, 1993, SS 1993, c P-6.2
- File
- QBG 1040 of 2021
101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. were placed into court-ordered receivership on October 13, 2021, when the Court of Queen's Bench for Saskatchewan appointed Grant Thornton Limited receiver on the application of Royal Bank of Canada (court file no. QBG 1040 of 2021), under section 243(1) of the Bankruptcy and Insolvency Act, section 65(1) of The Queen's Bench Act, 1998 and section 64(8) of The Personal Property Security Act, 1993. As at October 28, 2021, the companies' combined assets were reported at $2,981,046, made up chiefly of land and building ($2,026,274) and equipment and paving assets ($783,644). Royal Bank of Canada was owed approximately $1,528,000 plus interest, fees and costs; Affinity Credit Union, Service Canada and two individual PPSA claimants, James Glen Taylor and Jill Louise Taylor, also held registered security interests. The receivership remains active.
On October 13, 2021, the Court of Queen's Bench for Saskatchewan appointed Grant Thornton Limited receiver of 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. on the application of Royal Bank of Canada.
1 earlier update, back to 13 October 2021 — subscribers.
Debtor
101025963 Saskatchewan Ltd. & 102023806 Saskatchewan Ltd.
Receiver
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesas of date of appointment (October 28, 2021) — Primary secured creditor; amount stated as approximate ('owed approximately $1,528,000 plus interest, fees and costs') — debtor: 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. | $1.53M | Notice and Statement of Receiver dated November 3, 2021 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice and Statement of Receiver dated November 3, 2021
| PDF · Subscribers | |
Brief of Law dated October 22, 2021
| PDF · Subscribers | |
Affidavit of S Kim dated October 13, 2021
| PDF · Subscribers | |
Originating Application dated October 13, 2021
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “101025963 Saskatchewan Ltd. & 102023806 Saskatchewan Ltd.” (Receivership (court-appointed)), Court of King's Bench for Saskatchewan. Retrieved 20 September 2026, https://proceedings.ca/case/101025963-saskatchewan-ltd-102023806-saskatchewan-ltd