SAI Energy Inc.
- Proceeding
- Receivership (court-appointed)Subsection 245(1) and 246(1) of the Bankruptcy and Insolvency Act
- File
- CV-19-625674-00CL
SAI Energy Inc. is the subject of a court-appointed receivership in the Ontario Superior Court of Justice (Commercial List), begun when Bank of Montreal applied on August 16, 2019 under section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, in court file CV-19-625674-00CL. The receiver was appointed on October 28, 2019. A tentative list of creditors prepared by the receiver puts Bank of Montreal's secured claim at approximately $2,982,500, GS Bunny Investments Inc. at approximately $600,000, the Township of Puslinch at approximately $53,330 and the Canada Revenue Agency at approximately $20,000. The Canada Revenue Agency and Sandeep Kayr Chahal are also named as unsecured creditors.
The court appointed Goldberg Rosen Inc. as receiver, on the application of BANK OF MONTREAL. Court file CV-19-625674-00CL.
Source: Appointing Order
Undated filings1 — no date appears on the document · show
Debtor
SAI Energy Inc.
Receiver
Rosen Goldberg
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 1 order, Oct 2019 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Chaitons LLP | 28 Oct 2019 | Order · 28 Oct 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesas of receiver's tentative list, October 28, 2019 appointment — amount approximate as stated by Receiver; deemed trust/regulatory class claim held by CRA; CRA also listed separately as unsecured creditor — debtor: Sai Energy Inc. | $20K | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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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.
| Date | Document | File |
|---|---|---|
Notice and Statement of the Receiver
| PDF · Subscribers | |
Appointing Order
| PDF · Subscribers | |
Application record
| 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., “SAI Energy Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/sai-energy-inc