#Order
Seventh Stay Extension and DIP Amendment Approval Order was filed.
Source: Seventh Stay Extension and DIP Amendment Approval Order
Mizrahi Development Group (1451 Wellington) Inc.
FollowActive
- Proceeding
- CCAACCAA
- File
- BK-24-00000230-0033
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates55 dated entries
#Report
The officer filed report no. Eighth Report. Construction is in its final phase with interior work expected complete by August 31, 2026 and roof work by September 30, 2026, with registration anticipated in October 2026; the Company continues to seek DIP financing amendments and manage the deposit return process for terminating purchasers.
Source: Eighth Report to the Court
52 earlier updates, back to 15 October 2024 — subscribers.
AnalysisAll insights
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.
Parties
Debtor
Mizrahi Development Group (1451 Wellington) Inc.
Monitor
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kershman | Ontario Superior Court of Justice | 9 orders, Oct 2024 – Jun 2026 | 15 cases on record |
| Justice Stanley | Ontario Superior Court of Justice | 3 orders, Oct 2024 – Jan 2026 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorMNP | Chaitons LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| ApplicantDilina Lallani (90453E) | Cozen O'Connor LLP | 16 Jun 2025 | Order · 16 Jun 2025 |
| ApplicantMizrahi Development Group (1451 Wellington) Inc | Cozen O'Connor LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| ApplicantMizrahi Development Group (1451 Wellington) Inc. | Cozen O'Connor LLP | 18 Dec 2024 | Factum · 18 Dec 2024 |
| CreditorAlenfrage Designer Paint Inc | Assertion Law | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorAlfredo Giannuzzi, Mario Giannuzzi and Eugenio Milito | Sicotte Guilbault Legal Services | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorAll City Pro Painters Inc | Tierney Stauffer LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorAviva / Westmount | Borden Ladner Gervais LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorBarbara Allaire | Perley-Robertson, Hill & McDougall LLP/s.r.l. | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorConstantine Enterprises Inc | Cassels Brock & Blackwell LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorCWB Maximum Financial Inc | Lerners LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorEva Stelzer | Nelligan O'Brien Payne LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorJoan and Roland Dorsay | Roloff Legal | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorKSV Advisory | Norton Rose Fulbright Canada LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorMaxime Lachance | Rasmussen Starr Ruddy, LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorNancy Dudek, Llyod and Debra Rossman, Stephen and Marcia Aronson | Merovitz Potechin LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorSam Mizrahi, Sam M Inc | Morse Shannon LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorTarion Warranty Corporation | Torys LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorTCC Mortgage Holdings Inc | Bennett Jones LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorTriumph Aluminum and Sheet Metal 2000 Inc | Professional Corporation | 16 Jun 2026 | Service list · 16 Jun 2026 |
| CreditorV2 Investment Holdings Inc | Osler, Hoskin & Harcourt LLP · Rothstein LLP | 16 Jun 2026 | Service list · 16 Jun 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| 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 |
5 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived
Cumulative receipts
$14.2M
As at 27 Feb 2026Seventh Report to the Court
3 more reported figures, as at 27 Feb 2026Subscribe to view
Documents
55 filings
| Date | Document | File |
|---|---|---|
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 | |
| Responding Motion Record - Motions Returnable March 4, 2026 | PDF · Subscribers | |
Sixth Stay Extension Order
| PDF · Subscribers | |
| Affidavit of Sam Mizrahi | 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 | |
Motion Record - DIP Amendment & Fourth Stay Extension Order - Returnable on September 29, 2025
| PDF · Subscribers | |
Order - DIP Amendment and Fourth Stay Extension Order
| PDF · Subscribers | |
| Responding Motion Record - Proponent's Motion returnable on September 29, 2025 | PDF · Subscribers | |
Supplementary Affidavit of Sam Mizrahi
| PDF · Subscribers | |
Factum of the Applicant, Mizrahi Development Group
| PDF · Subscribers | |
Sixth Report to the Court
| 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 | |
| Motion Record (Third Stay Extension- Returnable June 16, 2025) | PDF · Subscribers | |
Third Stay Extension Order of the Honourable Justice Stanley J. Kershman dated
| PDF · Subscribers | |
| Fourth Report to the Court dated | 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 (Amended and Restated Initial Order) re: returnable October 25, 2024 | 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 | |
| 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 20 September 2026, https://proceedings.ca/case/mizrahi