Alberta · Receivership (court-appointed)
Bench Brief
Application / notice of application · 22 September 2026
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 filing2 verified
- secured creditorsnote: Secures Loan Agreement 844503 (executed on or about March 21, 2024, as amended), payable in full on demand and in default. The brief states no outstanding balance. Guarantors are principals/related parties of the Borrower. Brief states collateral consists of all of the Borrower's lands, to the Lender's knowledge. Section 244 BIA, Farm Debt Mediation Act and Saskatchewan Farm Security Act notice periods stated to have expired; Saskatchewan KB order obtained under s. 11 SFSA permitting action on Saskatchewan lands. · page: 3 · debtor: Prime Green House Ltd. · creditor: Farm Credit Canada · currency: CAD · security: Mortgages over (a) Surface Parcel #147597328 BLK/PAR C Plan No 101510873 Ext 71 and Surface Parcel #133277643 BLK/PAR B Plan No 78PA04685 Ext 0 (Saskatchewan); (b) Descriptive Plan 0325361, Block 1, Lot 1, excepting mines and minerals, 3.66 ha (Alberta); guarantees from Poonampreet Kaur, Balwinder Singh and 2464911 Alberta Ltd.; mortgages registered against certificates of title; mortgage s. 5.2.e permits appointment of receiver or receiver-manager
- unsecured creditorsnote: No amount or named creditor stated; the Smiling Simba passage cited on municipal tax arrears is quoted case law, not a fact about this Borrower. Stated as an apparent position, not a proven claim. · page: 9 · basis: Lender's inference from a Personal Property Security Registry review; brief states the Borrowers do not appear to have sufficient liquidity to pay statutory creditors · debtor: Prime Green House Ltd. · creditor: Statutory creditors (municipal tax arrears / statutory claims, unquantified) · currency: CAD