2699380 Ontario Inc., Atlantic Development Group Ltd. and 2721259 Ontario Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-24-723795-00CL
- Industry
- Real estate · Residential development
Outcome brief
61-69 Ainslie Street: $6.3 million of the price was released debt
Listed from October 2024, a Cambridge site approved for two towers and 392 units drew no viable offer. On July 29, 2026, Justice Black approved its sale to 61-69 Ainslie Street Ltd. for $7,428,525, $6.3 million of it a release of debt held by Ducimus Capital, over the objection of a $200,000 trust claimant.
Debtor
2699380 Ontario Inc., Atlantic Development Group Ltd. and 2721259 Ontario Inc.
Receiver
GlassRatner
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 4 orders, Aug 2024 – Jul 2026 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverGlassRatner | Chaitons LLP | 29 Jul 2026 | Order · 29 Jul 2026 |
| Applicant | Chaitons LLP | 22 Aug 2024 | Order · 22 Aug 2024 |
Closed · the record states no distribution outcome.
1 engagement · 1 firm — GlassRatner Restructuring Inc., 24 Jun – 20 Jul 2026, First Report of the Receiver · 21 Jul 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| GlassRatner Restructuring Inc.Receiver | 24 Jun – 20 Jul 2026 | — | First Report of the Receiver · 21 Jul 2026 |
2 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order of Justice W.D. Black (Ancillary Relief & Discharge Order)
| PDF · Subscribers | |
Order of Justice W.D. Black (Approval & Vesting Order)
| PDF · Subscribers | |
| Supplemental Report to the First Report of the Receiver | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| Motion Record of the Receiver | PDF · Subscribers | |
| Service List | PDF · Subscribers | |
Endorsement of Justice W.D. Black
| PDF · Subscribers | |
Order of Justice W.D. Black (Receivership Order)
| PDF · Subscribers | |
| Application Record (returnable August 22, 2024) | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “2699380 Ontario Inc., Atlantic Development Group Ltd. and 2721259 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2699380-ontario-inc-atlantic-development-group-ltd-and-2721259-ontario-inc