Saskatchewan · Receivership (court-appointed)
Affidavit of Hardeep Singh, sworn on April 1, 2026
Affidavit · 1 April 2026
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What we verified from this filing3 verified
- secured creditorsnote: Combined indebtedness of the Debtor and Tisdale (guarantor) to BDC as at March 12, 2026; original approved loan amount/advance was $1,600,000.00 (advanced October 24, 2023). Personal guarantee also given by Arjun Nagpal (25% of outstanding balance at date of demand) - not a security interest, individual guarantor. · page: 4 · as of: 2026-03-12 · amount: 1677809.15 · debtor: 102133387 Saskatchewan Limited (Debtor); Tisdale Convenience Store Inc. is guarantor and agreed to be liable as principal debtor · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Mortgage dated September 15, 2023 charging Surface Parcel #146399697, Lot A Blk/Par 2 Plan No CU4943 Ext. 0 (Mortgaged Land); Assignment of Rents dated September 15, 2023; General Security Agreement dated September 15, 2023 over all present and after-acquired personal property of the Debtor; Tisdale Guarantee dated September 15, 2023 secured by Tisdale General Security Agreement dated September 12, 2023 over all present and after-acquired personal property of Tisdale
- secured creditorsnote: Provincial government (Revenue Division) judgment for taxes/levies in arrears - deemed trust/regulatory class claim; BDC affiant states Tisdale 'appears to be in arrears to the provincial government for at least some taxes and levies' · page: 5 · as of: 2025-12-01 · amount: 76985.89 · debtor: Tisdale Convenience Store Inc. · creditor: Saskatchewan Finance - Revenue Division · currency: CAD · security: Enforcement Charge - Provincial Judgment registered on Personal Property Registry
- secured creditorsnote: Municipal property tax arrears typically carry statutory priority over registered land charges · page: 5 · as of: 2026-03-13 · amount: 33635.07 · debtor: 102133387 Saskatchewan Limited · creditor: Town of Tisdale · currency: CAD · security: Municipal property tax arrears on Mortgaged Land (per tax certificate)