Saskatchewan · CCAA
Notice of Application
Application / notice of application · 22 October 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 filing4 verified
- secured creditorsnote: Monitor initially treated the AgraCity claim as unsecured, then revised its assessment and admitted CPIT's secured claim against AgraCity. The CCAA Entities had disagreed with the Monitor's initial assessment. Order sought declares a $240,000 secured claim against AgraCity; no balance date stated. · page: 4 · amount: 240000 · debtor: AgraCity Crop & Nutrition Ltd. · creditor: CPIT Corporate, Professional and Industrial Training Ltd. (CPIT) · currency: CAD
- secured creditorsnote: Monitor seeks a declaration that PPI has a secured claim limited to the value of the Product; quantum to be set by agreement of Monitor and PPI or by Court order. Monitor's approximate liquidation value of the Product is $9,000 to $27,000 (a valuation, not a claim balance); PPI may have a competing valuation. No part of the UFA purchase price was allocated to the Product. Claim is disputed/unresolved; PPI's application for a proprietary remedy against the Product is sought to be dismissed. · page: 7 · debtor: AgraCity Crop & Nutrition Ltd. · creditor: Prairie Packaging Inc. (PPI) · currency: CAD · security: Reservation of title to packaging product supplied to AgraCity (PPSA s.10(1)(d)); security interest limited to the Product and its proceeds
- secured creditorsnote: UNPERFECTED and UNENFORCEABLE as against third parties (security interest failed to attach because NewAgco did not sign the security agreement, PPSA s.10; ss.19 and 12(1)(c)). Disputed: CPIT originally claimed $240,000 secured against both AgraCity and NewAgco. The $200,000 is the principal of the loan; interest is not recoverable absent a signed agreement. Monitor's position, not yet ruled on by the Court. · page: 8 · amount: 200000 · debtor: NewAgco Inc. · creditor: CPIT Corporate, Professional and Industrial Training Ltd. (CPIT) · currency: CAD · security: Purported security interest in NewAgco's assets
- counselMcDOUGALL GAULEY LLP