Mizrahi Development Group (1451 Wellington) Inc. is the subject of an active proceeding under the Companies' Creditors Arrangement Act before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), under court file number BK-24-00000230-0033. No dated milestones in the proceeding are recorded here.
Ninth report: the nineteen weeks to October 9, 2026 brought receipts of $8,308,088 and disbursements of $8,619,797, closing cash $1,091,090; DIP principal advances reached approximately $50.15 million against a November 1, 2026 maturity.
Source: Ninth Report to the Court
Motion Record - Eighth Stay Extension - Returnable November 2, 2026 — Application / notice of application
Order extended the stay of proceedings to November 2, 2026.
Source: Seventh Stay Extension and DIP Amendment Approval Order
Eighth report: professional fees of $354,702 for the fifteen weeks ending May 29, 2026 exceeded forecast by $123,997, largely Deposit Return Process court attendances; DIP facility limit increased from $47.0 million to $54.5 million.
Source: Eighth Report to the Court
Motion Record - Seventh Stay Extension and DIP Amendment Approval Order — Application / notice of application
Endorsement of Honourable Justice Kershman re: extension of stay of proceedings — Endorsement / reasons
A further extension carried the stay of proceedings through to June 30, 2026.
Source: Sixth Stay Extension Order
Seventh report: the twenty-two weeks to February 13, 2026 brought receipts of $14,220,316 against disbursements of $13,612,137, closing cash of $1,078,646 and professional fees of $358,052.
Source: Seventh Report to the Court
Motion Record - Sixth Stay Extension and Deposit Return Protocol Approval Order — Application / notice of application
The stay of proceedings was extended to February 28, 2026.
Source: Order - DIP Amendment and Fourth Stay Extension Order
Responding Motion Record - Proponent's Motion returnable on September 29, 2025 — Response / objection pleading
Sixth report: the fourteen weeks to September 12, 2025 showed receipts of $7,488,698, disbursements of $7,827,464 and closing cash of $470,466, with professional fees of $291,235 against $288,150 projected.
Source: Sixth Report to the Court
Motion Record - DIP Amendment & Fourth Stay Extension Order - Returnable on September 29, 2025 — Application / notice of application
Responding Motion Record of Naheed Israeli and Sylvain de Tonnancour — Response / objection pleading
Fifth report of the Monitor, filed within the stay period then running to September 30, 2025.
Source: Fifth Report to the Court dated
The court extended the stay of proceedings to September 30, 2025.
Source: Third Stay Extension Order of the Honourable Justice Stanley J. Kershman dated
Fourth report: the eleven weeks to June 6, 2025 produced receipts of $5,871,182, disbursements of $5,152,627 and cash of $809,232, with professional fees of $284,706 running $74,706 over forecast.
Source: Fourth Report to the Court dated
Motion Record (Third Stay Extension- Returnable June 16, 2025) — Application / notice of application
Third report: receipts of $7,873,052 and disbursements of $7,760,289 over the fifteen weeks ended March 21, 2025 left cash of $119,755; professional fees of $232,940 came in under forecast.
Source: Third Report to the Court dated
The court extended the stay of proceedings to March 31, 2025.
Source: Stay Extension Order of Honourable Justice Kershman dated
Second report: receipts of $5,044,048 against disbursements of $5,047,477 for the eight weeks ended December 6, 2024, leaving $6,992 on hand; CCAA professional fees ran $157,936.
Source: Second Report to the Court dated
Motion Record (Amended and Restated Initial Order) re: returnable October 25, 2024 — Application / notice of application
Mizrahi Development Group (1451 Wellington) Inc. applied for CCAA protection, with first and second lien indebtedness to the Construction Lender of $73,146,752.97 and $7,908,211.34 as at October 1, 2024.
Source: Application Record
Initial order appointed MNP as Monitor, stayed proceedings to October 25, 2024 and authorised interim borrowing of $2,345,000 secured by a DIP Lender's Charge.
Source: Initial Order
Case update
1451 Wellington: a disclaimer fight over the drywall suites
The Ottawa condominium developer seeks what it calls its eighth CCAA stay extension, to December 18, as a bridge to longer relief. Its affidavit, citing the monitor, puts 42 units in the deposit-return process and defends disclaiming three suites sold to its drywall subcontractor's principal, who opposes, as does the company the agreements were assigned to.
Guide
What happens to your deposit if your builder goes bankrupt in Canada
When a Canadian builder goes bankrupt or into receivership, buyers of condos, new homes and presales have paid deposits that may be in trust, insured or already spent. How Tarion, deposit insurance and the trust rules work in Ontario, British Columbia, Alberta and Québec, what a receiver can do with your purchase agreement, and how deposits come back, drawn from the court record.
Case update
1451 Wellington: getting the deposits back
An Ottawa condominium begun in 2015 and due in 2023 is now finishing in late 2026. Seventy-two of its ninety-three units were pre-sold and $14.8 million of purchaser deposits was released into the building. When the company withdrew its own motion to approve a deposit return protocol, the court directed the warranty provider's counsel to draft the order instead.
Debtor
Mizrahi Development Group (1451 Wellington) Inc.
Monitor
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kershman | Ontario Superior Court of Justice | 11 orders, Oct 2024 – Jun 2026 | 19 cases on record |
| Justice Stanley | Ontario Superior Court of Justice | 3 orders, Oct 2024 – Jan 2026 | 2 cases on record |
Counsel of record
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Trez Capital Limited Partnership, by its general partner Trez Capital (2011) Corporation ("Construction Lender")First mortgage registered against the Real Property, held by Computershare Trust Company of Canada on behalf of the Construction Lender; First Lien Indebtedness facility capped at the lower of $67 million or 73.6% of eligible project costs, plus a $1 million letter of credit facility — Amount subject to ongoing interest and costs (per report footnote 2). Construction Lender's rights and Security are to be assigned to TCC Mortgage Holdings Inc. pursuant to pending TCC Assignment Agreements not yet executed as of report date; TCC also acting as proposed DIP Lender. — debtor: Mizrahi Development · as of 1 Oct 2024 | $73.1M | Pre-Filing Report of the Proposed Monitor |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
9 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansAs at ·
Cumulative receipts
$8.31M
As at 29 Oct 2026Ninth Report to the Court
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Factum of the Applicant (Eighth Stay Extension Order) | PDF · Subscribers | |
Ninth Report to the Court
| PDF · Subscribers | |
Motion Record - Eighth Stay Extension - Returnable November 2, 2026
| PDF · Subscribers | |
Seventh Stay Extension and DIP Amendment Approval Order
| PDF · Subscribers | |
Eighth Report to the Court
| PDF · Subscribers | |
| Factum of the Applicant, Mizrahi Development Group (1451 Wellington) Inc. | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Motion Record - Seventh Stay Extension and DIP Amendment Approval Order
| PDF · Subscribers | |
Order for Deposit Return Process
| PDF · Subscribers | |
Endorsement of Honourable Justice Kershman released on
| PDF · Subscribers | |
Endorsement of Honourable Justice Kershman re: extension of stay of proceedings
| PDF · Subscribers | |
Sixth Stay Extension Order
| PDF · Subscribers | |
| Affidavit of Sam Mizrahi | PDF · Subscribers | |
| Responding Motion Record - Motions Returnable March 4, 2026 | PDF · Subscribers | |
| Notice of Opposition | PDF · Subscribers | |
Seventh Report to the Court
| PDF · Subscribers | |
| Motion Record - Sixth Stay Extension and Deposit Return Protocol Approval Order | PDF · Subscribers | |
| Motion Record of the Moving Party | PDF · Subscribers | |
Report of the Applicant
| PDF · Subscribers | |
Endorsement of Justice Stanley Kershman
| PDF · Subscribers | |
| Endorsement - DIP Amendment and Fourth Stay Extension Order | PDF · Subscribers | |
Order - DIP Amendment and Fourth Stay Extension Order
| PDF · Subscribers | |
Supplementary Affidavit of Sam Mizrahi
| PDF · Subscribers | |
Factum of the Applicant, Mizrahi Development Group
| PDF · Subscribers | |
| Responding Motion Record - Proponent's Motion returnable on September 29, 2025 | PDF · Subscribers | |
Sixth Report to the Court
| PDF · Subscribers | |
Motion Record - DIP Amendment & Fourth Stay Extension Order - Returnable on September 29, 2025
| PDF · Subscribers | |
Order and Endorsement (ARIO Amendment & Sealing)
| PDF · Subscribers | |
| Responding Motion Record of Naheed Israeli and Sylvain de Tonnancour | PDF · Subscribers | |
Fifth Report to the Court dated
| PDF · Subscribers | |
| Motion Record - ARIO Amendment and Sealing Order | PDF · Subscribers | |
Endorsement Form
| PDF · Subscribers | |
Third Stay Extension Order of the Honourable Justice Stanley J. Kershman dated
| PDF · Subscribers | |
Fourth Report to the Court dated
| PDF · Subscribers | |
| Motion Record (Third Stay Extension- Returnable June 16, 2025) | PDF · Subscribers | |
Order and Endorsement- Second Stay
| PDF · Subscribers | |
Factum of the Applicant re: Second Stay Extension
| PDF · Subscribers | |
Third Report to the Court dated
| PDF · Subscribers | |
| Motion Record | PDF · Subscribers | |
Stay Extension Order of Honourable Justice Kershman dated
| PDF · Subscribers | |
Factum of the Applicant re: Stay Extension dated
| PDF · Subscribers | |
Second Report to the Court dated
| PDF · Subscribers | |
| Motion Record dated | PDF · Subscribers | |
| Order of Endorsement of Justice Kershman dated | PDF · Subscribers | |
Order of Justice Kershman dated
| PDF · Subscribers | |
| Adie Memoire of the Moving Party, David Berry | PDF · Subscribers | |
Amended and Restated Order dated
| PDF · Subscribers | |
| Motion Record of the Moving Party, David Berry | PDF · Subscribers | |
Reason for Decision by Justice Stanley Kershman
| PDF · Subscribers | |
| Factum of the Applicant | PDF · Subscribers | |
First Report to the Court dated
| PDF · Subscribers | |
| Motion Record (Amended and Restated Initial Order) re: returnable October 25, 2024 | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Pre-Filing Report of the Proposed Monitor
| PDF · Subscribers | |
Creditor's List as of
| 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., “Mizrahi Development Group (1451 Wellington) Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/mizrahi
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/mizrahi
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.