Lawrence Towers LP
- Proceeding
- Receivership (court-appointed)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
- File
- CL-26-00000030-0000
- Industry
- Real estate
Lawrence Towers LP was placed in court-appointed receivership on 19 February 2026, when the Ontario Superior Court of Justice appointed The Fuller Landau Group Inc. as receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of the Caisse Desjardins Ontario Credit Union Inc. The credit union is owed $8,891,458.35, an amount stated inclusive of interest accrued to 21 January 2026, secured against the partnership and supported by personal and corporate guarantees.
Motion Record of the Receiver (Returnable November 9, 2026) — Application / notice of application
The court appointed The Fuller Landau Group Inc. as receiver and manager, on the application of Caisse Desjardins Ontario Credit Union Inc.. Court file CL-26-00000030-0000.
Filing brief
Lawrence Towers: a 1993 parking promise and the one unconditional offer
Fuller Landau will ask the court on November 9 to approve selling a vacant Scarborough site, at an undisclosed price, under an agreement with Shelborne Capital Real Estate Inc. The buyer would assume parking agreements with the City and the Chinese Cultural Centre dating to 1993. Of four conditional offers, one went unconditional when asked.
Debtor
Lawrence Towers LP
Receiver
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 1 order, Feb 2026 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantCaisse Desjardins Ontario Credit Union Inc | Norton Rose Fulbright Canada LLP | 19 Feb 2026 | Order · 19 Feb 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Caisse Desjardins Ontario Credit Union Inc. · in 23 casesCollateral charge/mortgage registered July 27, 2023 on 1088 Progress Avenue lands; general assignment of rents and leases registered July 27, 2023; general security agreement (GSA) of the Borrower dated July 26, 2023; GSA of 259 dated July 26, 2023; joint and several guarantee and postponement of claims dated July 26, 2023 from 259, 1877725 Alberta Ltd., and Satpreet Thiara. Registered continuing first collateral mortgage charge in the amount of $10,000,000 (registered principal ceiling, not a balance). Facility limit of the underlying loan was $8,500,000 demand interim non-revolving land loan · as of 21 Jan 2026 | $8.89M | Application Record |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansThis 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.
Cumulative receipts
$70K
As at 27 Oct 2026First Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
First Report of the Receiver
| PDF · Subscribers | |
| Motion Record of the Receiver (Returnable November 9, 2026) | PDF · Subscribers | |
Appointment Order dated February 19, 2026
| PDF · Subscribers | |
Application Record
| 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., “Lawrence Towers LP” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/lawrence-towers-lp