Proceedings.

Concept Lofts Ltd.. et al

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
Court
Ontario Superior Court of Justice
File
CV-22-00688570-00CL
Industry
Real estate · Residential development
Filings held27
Last activity10 Jul 2025
On the record1,459 days
Secured debtSubscribers
OverviewSummary updated

Concept Lofts Ltd. and the other respondents have been under interim receivership since October 21, 2022, when the Ontario Superior Court of Justice appointed Rosen Goldberg Inc. interim receiver under section 47(1) of the Bankruptcy and Insolvency Act on the application of Owemanco Mortgage Holding Corporation, which holds mortgage security over the Dufferin Property. The day before that appointment, SDM Constructions Inc. registered a construction lien of $189,739.09 against the same property for site supervision, project management services and materials; its principal, Sanjay Dubey, is also an officer and director of Concept Lofts Ltd. The proceeding is active under court file CV-22-00688570-00CL.

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Case updates26 dated entries · 1 undated
#Sale

The court granted an approval and vesting order for the sale to Audrey Joan Davidson and Alexander Scott Davidson. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Purchasers, confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction. Sealed: Sale Agreement and its amendment appended as confidential appendices to the Sixth Report.

Source: Approval and Vesting Order dated April 5, 2024 (Balmoral)

#Report

The officer filed report no. Second Report. The Receiver is working to resolve the City's building code order and complete condominium registration for the Dufferin Property, has commissioned appraisals and prepared a realization analysis in anticipation of marketing and selling the condo units, and continues to manage the Balmoral Property with a property manager.

Source: Second Report of the Receiver dated December 7, 2022

Undated filings1 — no date appears on the document · show
Parties

Debtor

Concept Lofts Ltd.. et al

Receiver

Rosen Goldberg

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice4 orders, Oct 2022 – Nov 2022318 cases on record
Justice Wilton-SiegelOntario Superior Court of Justice3 orders, Apr 2024111 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantDickinson Wright LLP21 Oct 2022Order · 21 Oct 2022
CreditorLaura LawrenceOlubunmi Ogunniyi, Barrister and Solicitor23 Nov 2022Factum · 23 Nov 2022
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredSDM Constructions Inc.Construction lien registered against the Dufferin Property — Registered October 20, 2022 in respect of site supervision, project management services and materials; Sanjay Dubey, principal of SDM Constructions Inc., is also an officer and director of Concept Lofts Ltd. (related party) — debtor: Concept Lofts Ltd. · as of 20 Oct 2022$190KFirst Report of Receiver dated November46, 2022
Secured

1 more claim in 1 class The stack holds Secured claims.

Every creditor and every amount.

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This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

Sale processAs stated in the filings

Sale approved — Court approved the sale of the Desrochers Real Property to the Purchasers; closing is pending delivery of the Receiver's Certificate.Approval and Vesting Order dated April 5, 2024 (Balmoral) · 5 Apr 2024

PurchaserPriceStatusSource
Audrey Joan Davidson and Alexander Scott Davidsonall of Desrochers' right, title and interest in and to the Real Property (Suites 502 and 503, 1 Balmoral Avenue, Toronto, with related condominium units and lockers) · real property · agreement 4 Mar 2024SubscribersApproved5 Apr 2024Approval and Vesting Order dated April 5, 2024…
Closing termsVesting is effective upon delivery of the Receiver's Certificate to the Purchasers, confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction.Approval and Vesting Order dated April 5, 2024 (Balmoral)
Sealed materialsSale Agreement and its amendment appended as confidential appendices to the Sixth ReportApproval and Vesting Order dated April 5, 2024 (Balmoral)
Documents
27 filings
DateDocumentFile
Motion of Receiver returnable July 16, 2025 (Twelfth report)PDF · Subscribers
Motion Record of Receiver returnable June 18, 2025 (Eleventh Report)PDF · Subscribers
Motion Record of Receiver returnable March 25, 2025 (Tenth Report)PDF · Subscribers
Motion Record of Receiver returnable February 10, 2025 (Ninth Report)PDF · Subscribers
Motion Record of Receiver returnable December 9, 2025 (Eighth Report)PDF · Subscribers
Motion Record of Receiver returnable November 15, 2024 (Seventh Report)PDF · Subscribers
Approval and Vesting Order dated April 5, 2024 (Balmoral)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchasers, confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 5 April 2024
  • Presiding officer Justice Wilton-Siegel
  • Purchaser Audrey Joan Davidson and Alexander Scott Davidson · all of Desrochers' right, title and interest in and to the Real Property (Suites 502 and 503, 1 Balmoral Avenue, Toronto, with related condominium units and lockers) · real property · approved
  • + 3 more extracted facts
PDF · Subscribers
Endorsement of Justice Wilton-Siegel dated April 5, 2024
  • Presiding officer Justice Wilton-Siegel
PDF · Subscribers
Order of Justice Wilton-Siegel dated April 5, 2024 (Administrative)
  • Presiding officer Justice Wilton-Siegel
PDF · Subscribers
Motion Record of Receiver returnable April 2, 2024 (Sixth Report)PDF · Subscribers
Motion Record of Receiver returnable September 12, 2023 (Fifth Report)PDF · Subscribers
Motion Record of Receiver returnable August 14, 2023 (Fourth report)PDF · Subscribers
Motion Record of Receiver returnable January 23, 2023 (Third report)PDF · Subscribers
Responding Record of the Applicant returnable December 20, 2022PDF · Subscribers
Second Report of the Receiver dated December 7, 2022
  • Operational summary The Receiver is working to resolve the City's building code order and complete condominium registration for the Dufferin Property, has commissioned appraisals and prepared a realization analysis in anticipation of marketing and selling the condo units, and continues to manage the Balmoral Property with a property manager.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Justice Cavanagh dated November 25, 2022
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Factum of Moving Party Laura Lawrence
  • Counsel Olubunmi Ogunniyi, Barrister and Solicitor
PDF · Subscribers
Endorsement of Justice Cavanagh dated November 7, 2022
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Expanded Powers Order dated November 7, 2022
  • Applicant OWEMANCO MORTGAGE HOLDING CORPORATION
  • Appointee Rosen Goldberg Inc.
  • Appointee role receiver and manager
  • Commencement date 7 November 2022
  • + 6 more extracted facts
PDF · Subscribers
Factum of Applicant returnable November 7, 2022PDF · Subscribers
First Report of Receiver dated November46, 2022
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Supplentary Application Record returnable November 7, 2022PDF · Subscribers
Factum of Applicant for Appointment of Interim ReceiverPDF · Subscribers
Order Appointing Interim Receiver dated October 21, 2022
  • Applicant Owemanco Mortgage Holding Corporation
  • Appointee Rosen Goldberg Inc.
  • Appointee role interim receiver
  • Commencement date 21 October 2022
  • + 6 more extracted facts
PDF · Subscribers
Motion Record of Applicant for Appointment of Interim ReceiverPDF · Subscribers
Application Record for the Appointment of a Receiver
  • Applicant OWEMANCO MORTGAGE HOLDING CORPORATION
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-22-00688570-00CL
  • Statutory basis SECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED, AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990 C. C.43, AS AMENDED
PDF · Subscribers
Motion of Moving Party Laura LawrencePDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Concept Lofts Ltd.. et al” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/concept-lofts-ltd-et-al

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Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/concept-lofts-ltd-et-al

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.