Alberta · Receivership (court-appointed)

Receivers Third Report - Smiling Simba Learning Academy Inc.

Court officer report · 24 August 2026

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What we verified from this filing3 verified · 3 withheld

secured creditorsnote: First ranking secured creditor; SAVO permitted distribution up to $10,500,000, and $10,500,000 was distributed to BNS on April 8, 2026 (distribution amount, not full balance owed) · page: 3 · debtor: Smiling Simba Learning Academy Inc. · creditor: The Bank of Nova Scotia · currency: CAD · security: General security agreement over all present and after-acquired property; collateral mortgage against specific real property
secured creditorsnote: Declined to fund legal action/collection efforts against Mr. Chahal and Tenant · page: 6 · debtor: Smiling Simba Learning Academy Inc. · creditor: 1967262 Alberta Ltd. · currency: CAD · security: Second mortgage
secured creditorsnote: Declined to fund Receiver's costs, but would consider taking assignment of claims against Mr. Chahal and Tenant akin to BIA s.38 application · page: 6 · debtor: Smiling Simba Learning Academy Inc. · creditor: MortgageQuote Canada Corp. · currency: CAD · security: Third mortgage

3 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.