Ontario · Receivership (court-appointed)
Approval and Vesting Order dated April 27, 2026
Approval and vesting order · 27 April 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified · 1 withheld
- closing termsVesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price and Priority Payable Reserve, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction
- counselOsler, Hoskin & Harcourt LLP
- order date27 April 2026
- presiding officerJustice Cavanagh
- purchaserKS Derry Road Holdings Inc.; KS Heart Lake Holdings Inc.; KS Spruce Trails Holdings Inc.; KS Lakeview Dixie Holdings Inc.
- sale outcometext: Court approves the stalking horse Transaction and vesting of the Purchased Assets in the four KingSett-affiliated Purchasers upon delivery of the Receiver's Certificate · scope: whole_business · status: approved
- stalking horseKingSett Mortgage Corporation
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.