Saskatchewan · Receivership (court-appointed)
Originating Application
Application / notice of application · 14 November 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- applicantRoyal Bank of Canada
- courtCOURT OF KING'S BENCH FOR SASKATCHEWAN
- court file noKBG-SA-1382-2024
- appointeeMNP LLP
- appointee rolereceiver
- statutory basissection 243 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3, section 10-15 of The King's Bench Act, SS 2023, c 28, and section 64(8) of The Personal Property Security Act, 1993, SS 1993, c P-6.2
- commencement date31 October 2024
- secured creditorsnote: Total of Operating Loan #91781161-006 ($502,368.98), Term Loan #91781161-017 ($1,331,968.82), and Credit Card ($115,444.45), plus ongoing interest and costs; senior secured creditor · page: 5 · as of: 2024-10-15 · amount: 1949782.25 · debtor: 101079936 Saskatchewan Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated June 23, 2023 (all present and after-acquired personal property, perfected by PPSA financing statements); two collateral mortgages on lands (2008 Mortgage dated July 4, 2008 and 2015 Mortgage dated October 19, 2015)