Saskatchewan · Receivership (court-appointed)
Third Report of the Receiver dated November 13,2025
Court officer report · 13 November 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- unsecured creditorsnote: Amount owing for period ending July 31, 2025; forms an unsecured claim (not deemed trust) · page: 9 · as of: 2025-10-31 · basis: Reported by Receiver based on HRO Accountants' completed CRA filings · amount: 61672 · debtor: 102195042 Saskatchewan Ltd. · creditor: 102 Corporate Tax (CRA) · currency: CAD
- secured creditorsnote: Based on last payout statement received from RBC dated November 4, 2025, a total of $1,215,261 remains outstanding to RBC; full and final payment anticipated January 2026 · page: 34 · as of: 2025-11-04 · amount: 1215261 · debtor: 102195042 Saskatchewan Ltd., DL Land Holdings Inc., Erbach Holdings Ltd. · creditor: Royal Bank of Canada · currency: CAD
- secured creditorsnote: Amount reflects distribution made to McKesson as secured creditor per Estimated Final SRD; not necessarily current outstanding balance · page: 34 · as of: estate of 102195042 Saskatchewan Ltd. - distribution as reported · amount: 278170 · debtor: 102195042 Saskatchewan Ltd. · creditor: McKesson · currency: CAD
- secured creditorsnote: Receiver's Certificate amounts calculated to November 10, 2025, including interest; Receiver awaiting final confirmation from RBC of total amounts outstanding · page: 34 · as of: 2025-11-10 · amount: 86364 · debtor: DL Land Holdings Inc., 102195042 Saskatchewan Ltd. · creditor: Grant Thornton Limited (Receiver, as holder of Receiver's Certificates) · currency: CAD · security: Interim financing via Receiver's Certificates ($75,000 advanced in total)
- unsecured creditorsnote: Document names no individual unsecured creditors of DLLH; figure is an estimate subject to the proposed claims process and possible equity distribution to shareholders if funds remain · page: 34 · as of: 2025-11-10 · basis: Estimated retained estate balance per Receiver's Estimated Final SRD, to be distributed pursuant to DLLH Claims Procedure · amount: 688468 · debtor: DL Land Holdings Inc. · creditor: Unsecured creditors of DL Land Holdings Inc. (aggregate, estimated) · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 984 $ · amount: 984 · fees: quote: Total Receiver's Fees to date | | 19,142 $ · amount: 19142 · total: quote: 20,665 $ · amount: 20665 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 539 $ · amount: 539 · period: end: 2025-10-31 · kind: invoice · quote: for the period of May 1, 2025, to October 31, 2025 · start: 2025-05-01 · approval: quote: The Receiver seeks approval from the Court of its professional fees and disbursements and those of its legal counsel, MLT Aikins LLP, for the period of May 1, 2025, to October 31, 2025. · state: sought · averages: · currency: · invoices: tax: 340 · fees: 6787 · quote: May 1, 2025 to May 31, 2025 | LABU-534 | 6,787 | 21 | 6,808 | 340 | 7,149 · total: 7149 · period end: 2025-05-31 · period start: 2025-05-01 · disbursements: 21; tax: 150 · fees: 2776 · quote: Jun. 1, 2025 to Jul. 31, 2025 | GT000000003 | 2,776 | 222 | 2,998 | 150 | 3,148 · total: 3148 · period end: 2025-07-31 · period start: 2025-06-01 · disbursements: 222; tax: 166 · fees: 3232 · quote: Aug. 1, 2025 to Sep. 30, 2025 | GT000000448 | 3,232 | 95 | 3,327 | 166 | 3,493 · total: 3493 · period end: 2025-09-30 · period start: 2025-08-01 · disbursements: 95; tax: 327 · fees: 6347 · quote: Oct. 1, 2025 to Oct. 30, 2025 | GT000000445 | 6,347 | 200 | 6,548 | 327 | 6,875 · total: 6875 · period end: 2025-10-30 · period start: 2025-10-01 · disbursements: 200 · firm text: Grant Thornton Limited · firm quote: Grant Thornton Limited · context quote: issued an order (the ' Receivership Order ') appointing Grant Thornton Limited as the receiver; form: invoice_listing · rows: · money: tax: label: GST · quote: 251 $ · amount: 251 · fees: quote: Total Receiver's Fees to date | $ | 5,010 · amount: 5010 · total: quote: 5,261 $ · amount: 5261 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: - $ · amount: 0 · period: end: 2025-10-31 · kind: invoice · quote: May 1, 2024 to Oct. 31, 2025 · start: 2024-05-01 · approval: quote: The Receiver seeks approval from the Court of its professional fees and disbursements and those of its legal counsel, MLT Aikins LLP, for the period of May 1, 2025, to October 31, 2025. · state: sought · averages: · currency: · invoices: tax: 251 · fees: 5010 · quote: May 1, 2024 to Oct. 31, 2025 | LABU-273 | 5,010 | - | 5,010 | 251 | 5,261 · total: 5261 · period end: 2025-10-31 · period start: 2024-05-01 · disbursements: 0 · firm text: Grant Thornton Limited · firm quote: Grant Thornton Limited · context quote: issued an order (the ' Receivership Order ') appointing Grant Thornton Limited as the receiver; form: invoice_listing · rows: · money: tax: label: GST · quote: 3,455 $ · amount: 3455 · fees: quote: Total Receiver's Fees to date | | 65,258 $ · amount: 65258 · total: quote: 72,558 $ · amount: 72558 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 3,844 $ · amount: 3844 · period: end: 2025-10-31 · kind: invoice · quote: for the period of May 1, 2025, to October 31, 2025 · start: 2025-05-01 · approval: quote: The Receiver seeks approval from the Court of its professional fees and disbursements and those of its legal counsel, MLT Aikins LLP, for the period of May 1, 2025, to October 31, 2025. · state: sought · averages: · currency: · invoices: tax: 939 · fees: 18789 · quote: May 1, 2025 to May 31, 2025 | LABU-531 | 18,789 | - | 18,789 | 939 | 19,729 · total: 19729 · period end: 2025-05-31 · period start: 2025-05-01 · disbursements: 0; tax: 840 · fees: 15962 · quote: Jun. 1, 2025 to Jul. 31, 2025 | GT000000009 | 15,962 | 829 | 16,791 | 840 | 17,630 · total: 17630 · period end: 2025-07-31 · period start: 2025-06-01 · disbursements: 829; tax: 966 · fees: 17558 · quote: Aug. 1, 2025 to Sep. 30, 2025 | GT000000446 | 17,558 | 1,767 | 19,324 | 966 | 20,291 · total: 20291 · period end: 2025-09-30 · period start: 2025-08-01 · disbursements: 1767; tax: 710 · fees: 12949 · quote: Oct. 1, 2025 to Oct. 30, 2025 | GT000000449 | 12,949 | 1,249 | 14,198 | 710 | 14,908 · total: 14908 · period end: 2025-10-30 · period start: 2025-10-01 · disbursements: 1249 · firm text: Grant Thornton Limited · firm quote: Grant Thornton Limited · context quote: issued an order (the ' Receivership Order ') appointing Grant Thornton Limited as the receiver; form: invoice_listing · rows: · money: tax: label: GST · quote: 3,335 $ · amount: 3335 · fees: quote: Total Receiver's Counsels Fees to date | $ | 30,090 · amount: 30090 · total: quote: 33,960 $ · amount: 33960 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 536 $ · amount: 536 · period: end: 2025-10-31 · kind: invoice · quote: for the period of May 1, 2025, to October 31, 2025 · start: 2025-05-01 · approval: quote: The Receiver seeks approval from the Court of its professional fees and disbursements and those of its legal counsel, MLT Aikins LLP, for the period of May 1, 2025, to October 31, 2025. · state: sought · averages: · currency: · invoices: tax: 937 · fees: 8497 · quote: May 1, 2025 to May 31, 2025 | 6569159 | 8,497 | 39 | 8,536 | 937 | 9,473 · total: 9473 · period end: 2025-05-31 · period start: 2025-05-01 · disbursements: 39; tax: 1179 · fees: 10661 · quote: Jun. 1, 2025 to Jun. 30, 2025 | 6578370 | 10,661 | 170 | 10,831 | 1,179 | 12,010 · total: 12010 · period end: 2025-06-30 · period start: 2025-06-01 · disbursements: 170; tax: 690 · fees: 6138 · quote: Aug. 1, 2025 to Aug 31, 2025 | 6587552 | 6,138 | 302 | 6,440 | 690 | 7,130 · total: 7130 · period end: 2025-08-31 · period start: 2025-08-01 · disbursements: 302; tax: 97 · fees: 873 · quote: Sep. 1, 2025 to Sep 30, 2025 | 6604305 | 873 | 24 | 897 | 97 | 995 · total: 995 · period end: 2025-09-30 · period start: 2025-09-01 · disbursements: 24; tax: 431 · fees: 3921 · quote: Oct. 1, 2025 to Oct 30, 2025 | 6614073 | 3,921 | - | 3,921 | 431 | 4,352 · total: 4352 · period end: 2025-10-30 · period start: 2025-10-01 · disbursements: 0 · firm text: MLT Aikins LLP · firm quote: MLT Aikins LLP · context quote: its legal counsel, MLT Aikins LLP
- recovery outcomeentries: basis: estimated · quote: (f) $311,362 the estimated remaining balance in the receivership estate of 102 to RBC; and, · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 311362 · amount high: 311362 · class label: RBC · creditor name: RBC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: (g) $903,898 the estimated amount from the estate of DLLH to pay RBC in full with the remaining estimated balance of $688,468 subject to the DLLH Claims Process for distribution to unsecured creditors and if funds remain completing an equity distribution to shareholders. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 903898 · amount high: 903898 · class label: RBC · creditor name: RBC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver anticipates approximately $688,468 to remain in the estate of DLLH for distribution to unsecured creditors or shareholders in accordance with the DLLH Claims Procedure. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · amount low: 688468 · amount high: 688468 · class label: unsecured creditors of DLLH · interim final: unstated · claims qualifier: unstated · stated on: 2025-11-13 · table missing: