102133387 Saskatchewan Ltd. is the subject of a court-appointed receivership proceeding in the Court of King's Bench for Saskatchewan, commenced by an application filed on April 2, 2026 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The matter carries court file number KBG-SA-408-2026. The proceeding is recorded as active, and the application filed on the commencement date is the only step on the record to date. No subsequent orders, appointments, reports or hearing dates have been entered for this file, and no further particulars of the debtor's affairs form part of the record.
Bidding procedures approved, with the $1,200,000 cash Stalking Horse APA with Olabees Canada Inc. approved solely as the stalking horse bid; bids due 45 days after approval, auction to follow any Qualified Bids.
Source: Order - Stalking Horse Sales Process and Bidding Procedures, granted September 25, 2026
Approval and vesting order authorized the Receiver's sale of the Debtors' assets, including the Tisdale real property, to Olabees Canada Inc. or its nominee under the September 9, 2026 Sale Agreement, with vesting effective on delivery of the Receiver's Certificate.
Source: Sale Approval and Vesting Order, granted September 25, 2026
Receiver's First Report recorded $50,115 in receipts and $22,121 in disbursements to August 31, 2026, $27,993 cash in trust, a stalking horse sale process for the gas station, convenience store, restaurant and car wash premises shut down about a month before appointment, and a material shortfall anticipated to secured creditors with no distribution expected to unsecured creditors.
Source: First Report of the Receiver, dated September 21, 2026
Application re Stalking Horse Sales Process and Other Relief, dated September 21, 2026 — Application / notice of application
Justice R.S. Smith appointed BDO Canada Limited receiver on the application of the Business Development Bank of Canada under section 243(1) of the BIA, section 10-15 of The King's Bench Act and section 64(8) of The Personal Property Security Act, 1993.
Source: 102133387 Saskatchewan Ltd Receivership Order, granted May 4 2026
Receivership application filed in the Court of King's Bench for Saskatchewan under court file KBG-SA-408-2026, commencing the proceeding against 102133387 Saskatchewan Ltd.
Source: Application of Business Development Bank of Canada, dated April 2, 2026
Filing brief
Tisdale Convenience Store: the vesting order before the market test
BDO asks the court to approve a $1.2 million stalking-horse sale of a closed Tisdale, Sask. gas station, car wash, store and café, and to grant the vesting order at the same hearing, so the sale closes without a return to court if 45 days bring no bid above $1,225,000; BDC was owed $1,677,809.15.
Debtor
102133387 Saskatchewan Ltd.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sinclair | Court of King's Bench for Saskatchewan | 3 orders, Sep 2026 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | McDougall Gauley LLP | 21 Sep 2026 | Application · 21 Sep 2026 |
| ApplicantBusiness Development Bank of Canada | McKercher LLP | 25 Sep 2026 | Service list · 25 Sep 2026 |
| CreditorBusiness Development Bank of Canada | McKercher LLP | 2 Apr 2026 | Application · 2 Apr 2026 |
| CreditorKevin Meyler / Dana Gaspar (BDO) | McDougall Gauley LLP | 25 Sep 2026 | Service list · 25 Sep 2026 |
| CreditorTisdale Convenience Store Inc | Procido LLP | 25 Sep 2026 | Service list · 25 Sep 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada · in 251 casesGeneral security agreement dated September 15, 2023 over present and after-acquired personal property; mortgage dated September 15, 2023 against the Property; also registered mortgage and Assignment of Rents on title each valued at $1,600,000 (registered principal, not a balance) — Amount is approximate per Initial Singh Affidavit ('owed approximately $1,677,809 plus continuing interest and costs'); a later s.245/246 notice listing (Schedule A, original p.35) shows a rounded figure of $1,677,000 as of that notice; first-ranking secured creditor and financer of Receiver's Borrowings — debtor: 1 · as of 12 Mar 2026 | $1.68M | First Report of the Receiver, dated September 21, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
22 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale process approved — Bidding procedures and the Stalking Horse APA with Olabees Canada Inc. approved solely as the stalking horse bid; the Receiver is not obligated to conclude the transaction if the Stalking Horse Bid is not the Successful Bid. Bid deadline is 45 days after approval, followed by auction if Qualified Bids are received.Order - Stalking Horse Sales Process and Bidding Procedures, granted… · 25 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Olabees Canada Inc.Stalking horsethe Property: Lot A Blk/Par 2 Plan No CU4943, Surface Parcel #146399697, together with buildings, improvements, fixtures, inventory, chattels, plans and permits/contracts (Purchased Assets) · asset sale · nominee/assignee: its nominee (unnamed) · agreement 9 Sep 2026 | Subscribers | Proposed25 Sep 2026 | Sale Approval and Vesting Order, granted… |
Secured creditors: shortfall.EstimatedFirst Report of the Receiver · 21 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | Estimatedper the receiver | First Report of the Receiver · 21 Sep 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Cumulative receipts
$50.1K
As at 31 Aug 2026First Report of the Receiver, dated September 21, 2026
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order - Sealing and Approval of the First Report and Actions and Activities, granted September 25, 2026
| PDF · Subscribers | |
Order - Stalking Horse Sales Process and Bidding Procedures, granted September 25, 2026
| PDF · Subscribers | |
Sale Approval and Vesting Order, granted September 25, 2026
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Application re Stalking Horse Sales Process and Other Relief, dated September 21, 2026
| PDF · Subscribers | |
First Report of the Receiver, dated September 21, 2026
| PDF · Subscribers | |
102133387 Saskatchewan Ltd Receivership Order, granted May 4 2026
| PDF · Subscribers | |
Application of Business Development Bank of Canada, dated April 2, 2026
| PDF · Subscribers | |
Affidavit of Hardeep Singh, sworn on April 1, 2026
| 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., “102133387 Saskatchewan Ltd.” (Receivership (court-appointed)), Court of King's Bench for Saskatchewan. Retrieved 4 November 2026, https://proceedings.ca/case/102133387-saskatchewan-ltd
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/102133387-saskatchewan-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.