SAI Energy Inc.

Active

Proceeding: Receivership (court-appointed)Subsection 245(1) and 246(1) of the Bankruptcy and Insolvency Act
Court: Ontario Superior Court of Justice
File: CV-19-625674-00CL

Filings held3

Last activity28 Oct 2019

On the record2,520 days

OverviewSummary updated 1 September 2026

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.

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Case updates3 dated entries

28 Oct 2019

#Claims

A claims procedure was approved.

Source: Notice and Statement of the Receiver

28 Oct 2019

#Order

The court appointed Goldberg Rosen Inc. as receiver, on the application of BANK OF MONTREAL. Court file CV-19-625674-00CL.

Source: Appointing Order

16 Aug 2019

#Filing

Bank of Montreal applied on August 16, 2019 to have a receiver appointed over SAI Energy Inc.'s property, opening the proceeding.

Source: Application record

Parties

Debtor

SAI Energy Inc.

Receiver

Rosen Goldberg

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Conway	Ontario Superior Court of Justice	1 order, Oct 2019	285 cases on record

Counsel of record

Party	Counsel	First seen	Source
Applicant	Chaitons LLP	28 Oct 2019	Order · 28 Oct 2019

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Deemed trusts (CRA and other)	Canada Revenue Agency · in 926 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

This 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.

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Documents3 filings

Date	Document	File
5 Nov 2019	Notice and Statement of the Receiver Appointee Rosen Goldberg Inc. Appointee role Receiver Commencement date 28 October 2019 Financial position Subscribers + 3 more extracted facts	PDF · Subscribers

28 Oct 2019	Appointing Order Applicant BANK OF MONTREAL Appointee Goldberg Rosen Inc. Appointee role receiver Commencement date 28 October 2019 + 5 more extracted facts	PDF · Subscribers

—	Application record Applicant BANK OF MONTREAL Commencement date 16 August 2019 Court SUPERIOR COURT OF JUSTICE COMMERCIAL LIST Court file no CV-19-625674-00CL + 2 more extracted facts	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 20 September 2026, https://proceedings.ca/case/sai-energy-inc