P&H Development has been in court-appointed receivership in Ontario since June 6, 2025, when the Ontario Superior Court of Justice (Commercial List) granted a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried under court file number CV-25-00743191-00CL and remains active. No subsequent steps are recorded on this page: nothing has been entered since the appointment order itself, and no further hearing is on the record.
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The court granted an approval and vesting order for the sale to 270 SHE LP, by its General Partner 270 SHE GP INC. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions.
Canada Revenue Agency · in 926 casesSecurity on Real Property — Deemed trust class claim (CRA) — debtor: 2250310 Ontario Inc.
$394K
Notice and Statement of Receiver S.245-246 - dated June 26, 2025
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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.
270 SHE LP, by its General Partner 270 SHE GP INC.the Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: 270 SHE Nominee Inc. · agreement 20 Nov 2025
Amended AVO Signed and Issued - dated January 5, 2026
Closing termsVesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions
Order date5 January 2026
Purchaser270 SHE LP, by its General Partner 270 SHE GP INC. · nominee/assignee 270 SHE Nominee Inc. · the Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
Approval and Vesting Order - dated December 5, 2025
Closing termsVesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of conditions
Purchaser270 SHE LP, by its General Partner 270 SHE GP INC. · nominee/assignee 270 SHE Nominee Inc. · the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
Sale outcomeSale approved — Transaction approved by the Court
Supplement to the Third Report of the Receiver - dated December 3, 2025
Operational summaryThe Receiver's Court-approved Sales Process for the Real Property failed to produce a Qualified APA, leading it to recommend approval of a credit bid sale to Fiera; the Deposit Return Protocol is being finalized with Tarion and the Surety to terminate the Condo Purchase Agreements, and the Addington Avenue occupants have vacated the property.
Cash on hand · Disbursements · Financial positionSubscribers
The Receiver requires interested parties to sign a confidentiality and non-disclosure agreement (“the NDA ”) prior to gaining access to an encrypted electronic data room (“ Data Room ”) that contains the Receiver’s Confidential Information Memorandum (“ CIM ”) and other pertinent information with respect to the Project and the Receiver’s Sale Process. A copy of the NDA can be found here and executed copies should be sent via e-mail to Luke Dobush, [email protected] and Paul Kouadio, [email protected] .
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/p-h-development
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.