Saskatchewan · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 7 April 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing12 verified
- secured creditorsnote: Approximate indebtedness per Cooper Affidavit, plus legal fees, costs and expenses, interest continuing to accrue; Conexus subordinated its interest in certain listed equipment to BDC under Inter-Creditor Agreement dated Aug 25, 2015; Miller Thomson Security Opinion (Mar 30, 2026) confirmed Conexus security valid/enforceable, 1st on Parcel 918/895, equal 1st with BDC on Parcel 884 and other assets · page: 5 · as of: 2023-08-28 · amount: 8970000 · debtor: Croft Aggregates Limited · creditor: Conexus Credit Union 2006 · currency: CAD · security: PPSA registration (07-Apr-04) over all present and after-acquired personal property and various listed serialized goods, 1st (joint with BDC) on general Property, 2nd on certain equipment; Mortgage - $168,914.50 registered principal (06-Jun-12) on Parcels 895/918, 1st ranking; Mortgage - $1,875,000.00 registered principal (28-Aug-15) on Parcel 884, 1st (joint with BDC); Assignment of Rents (28-Aug-15); further Mortgage - $8,500,000.00 registered principal (20-Jan-23) on Parcel 884 and Parcels 895/918, ranked N/A-insufficient proceeds
- secured creditorsnote: Per correspondence from BDC's counsel McKercher LLP; plus legal fees, costs and expenses, interest continuing to accrue; Security Opinion (Mar 30, 2026) confirmed BDC security valid/enforceable and 1st ranking on certain Equipment, equal 1st with Conexus on Parcel 884/other assets · page: 5 · as of: 2023-10-12 · amount: 3340000 · debtor: Croft Aggregates Limited · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: PPSA registration (14-Aug-15) over all present and after-acquired personal property and various listed serialized goods, 1st on certain Equipment, 1st (joint with Conexus) on other Property; Mortgage - $2,125,000 registered principal (28-Aug-15) on Parcel 884, 1st (joint with Conexus)
- secured creditorsnote: Deemed trust class (payroll source deductions): $382,650.81 deemed trust portion + $284,531.02 non-deemed trust portion; ranks ahead of Receiver's Charge subject to CRA's right to challenge priority; related federal judgment enforcement charges also registered against title · page: 23 · as of: claim filed February 14, 2024 · amount: 667181.83 · debtor: Croft Aggregates Limited · creditor: Canada Revenue Agency (Payroll Account 85771 8209 RP0001) · currency: CAD
- secured creditorsnote: Deemed trust class (payroll source deductions): $529,379.92 deemed trust portion + $486,455.76 non-deemed trust portion · page: 23 · as of: claim filed February 14, 2024 · amount: 1015835.68 · debtor: Croft Aggregates Limited · creditor: Canada Revenue Agency (Payroll Account 85771 8209 RP0002) · currency: CAD
- secured creditorsnote: Deemed trust class (GST remittances): $136,592.40 deemed trust portion + $96,944.91 non-deemed trust portion · page: 23 · as of: claim filed February 14, 2024 · amount: 233537.31 · debtor: Croft Aggregates Limited · creditor: Canada Revenue Agency (GST Account 85771 8209 RT0001) · currency: CAD
- secured creditorsnote: Rank for distribution: N/A - insufficient proceeds · page: 24 · as of: 2023-06-01 · amount: 59233.68 · debtor: Croft Aggregates Limited · creditor: JD Trucking Ltd. · currency: CAD · security: Builder's Lien registered against Surface Parcel #111654884 and Surface Parcels #111654895/918
- secured creditorsnote: Rank for distribution: N/A - insufficient proceeds · page: 24 · as of: 2023-05-12 · amount: 19677.26 · debtor: Croft Aggregates Limited · creditor: Uppal Trans Logistics Inc. · currency: CAD · security: Builder's Lien registered against Surface Parcel #111654884 and Surface Parcels #111654895/918
- secured creditorsnote: Regulatory/PST-related enforcement charge; SK Finance has not asserted or filed a formal claim for provincial sales tax; ranked N/A - insufficient proceeds · page: 24 · as of: 2021-11-26 · amount: 5160.52 · debtor: Croft Aggregates Limited · creditor: Saskatchewan Ministry of Finance (Revenue Division) · currency: CAD · security: PPSA registration - Enforcement Charge (Provincial Judgment) over all present and after-acquired personal property
- secured creditorsnote: Rank for distribution: N/A - insufficient proceeds · page: 24 · as of: 2020-03-26 · amount: 5645.71 · debtor: Croft Aggregates Limited · creditor: JCA Holdings Ltd. · currency: CAD · security: Builder's Lien registered against Surface Parcel #111654884
- secured creditorsnote: Rank for distribution: N/A - insufficient proceeds; Greenway is operator of the Croft Pit (formerly KF Aggregates) under extraction/equipment agreements · page: 24 · as of: 2020-07-27 · amount: 1631768.25 · debtor: Croft Aggregates Limited · creditor: Greenway Recycling & Aggregates Inc. (formerly KF Aggregates) · currency: CAD · security: Builder's Lien registered against Surface Parcel #111654884 and Surface Parcels #111654895/918
- secured creditorsnote: Appears to be an individual (personal name); rank for distribution: N/A - insufficient proceeds · page: 24 · as of: 2022-11-25 · amount: 59233.68 · debtor: Croft Aggregates Limited · creditor: Singh (I) · currency: CAD · security: Miscellaneous Interest registered against Surface Parcel #111654884 and Surface Parcels #111654895/918
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2026-04-06 · kind: cumulative · quote: for the period of September 27, 2023 to April 6, 2026 · start: 2023-09-27 · approval: state: unstated · averages: rate: 430 · quote: The average blended hourly rate charged by Deloitte in these proceedings for the invoice issued is $430 per hour. · currency: · invoices: · firm text: Deloitte · firm quote: appointing Deloitte as Receiver in respect of the Property · context quote: The average blended hourly rate charged by Deloitte in these proceedings for the invoice issued is $430 per hour.