Ontario · Receivership (court-appointed)
Seventh Report of MNP Ltd. as Receiver of the Assets, Undertakings and Properties
Court officer report · 30 July 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 filing38 verified
- insolvency professionalMatthew Lem
- insolvency professionalAndrew Pappel
- insolvency professionalMatthew Lem
- insolvency professionalAndrew Pappel
- lawyerDomenico Magisano
- lawyerMitch Stephenson
- lawyerMontana Licari
- lawyerJason Squire
- lawyerDomenico N. Magisano
- lawyerChelsea McKee
- lawyerChristopher J. Hunt
- lawyerDylan Chochla
- lawyerNick Avis
- lawyerCarl Dawson
- lawyerMarc Addison Lean
- lawyerMitch Stephenson
- lawyerMontana Licari
- lawyerJason Squire
- lawyerDomenico N. Magisano
- lawyerChelsea McKee
- lawyerChristopher J. Hunt
- lawyerMarc Addison Lean
- lawyerDomenico Magisano
- lawyerMitch Stephenson
- lawyerMontana Licari
- lawyerJason Squire
- lawyerDomenico N. Magisano
- lawyerChelsea McKee
- lawyerChristopher J. Hunt
- lawyerMarc Addison Lean
- lawyerDomenico Magisano
- operational summaryThe receiver is finalizing the closing of the court-approved sale of the Island Properties and is negotiating a limited lifting of the stay to allow a lien claimant to preserve its construction lien claim, with distribution of sale proceeds to be addressed in a future motion.
- process resultsbids: 2 · note: 400 potential buyers mailed postcard/e-blast; four in-person showings resulted in two offers · as of: 2026-05-08 · solicited: 400
- purchaserAura Resorts Inc.; David Seviour
- report date30 July 2026
- report noSeventh Report
- sale advisorGeorgina Ratcliffe; Chestnut Park Real Estate Limited, Brokerage
- sale outcometext: Court approved the Transaction and granted the Approval and Vesting Order; Receiver is in the process of completing the Transaction · scope: parcel · status: approved