Ontario · Receivership (court-appointed)
Approval and Vesting Order re 488 Dupont dated November 9, 2026
Order (other) · 9 November 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
- closing termsVesting is effective upon delivery by the Receiver to the Purchaser of a Receiver's Certificate substantially in the form of Schedule 'B', confirming payment of the Purchase Price, satisfaction or waiver of the Closing conditions in section 7 of the Sale Agreement, and completion of the Transaction to the Receiver's satisfaction.
- counselGarfinkle Biderman LLP
- order date9 November 2026
- presiding officerJustice J. Dietrich
- purchaser488 Dupont Street GP Inc.
- sale outcometext: The Court approved the Transaction under the Sale Agreement and authorized the Proposed Receiver to complete it; vesting of the Purchased Assets in the Purchaser occurs on delivery of the Receiver's Certificate. · scope: whole_business · status: approved
- sealed itemsConfidential Appendix 1 and Confidential Appendix 2 to the Supplementary Pre-Filing Report sealed until Closing