Ontario · Receivership (court-appointed)
Sale Process Approval Order dated January 15, 2026
Sale process approval order · 15 January 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 filing10 verified
- bid deadline1 April 2026
- closing termsClosing as soon as reasonably practicable after the Approval and Vesting Order or such later date as agreed between the Receiver and KingSett; for the Stalking Horse Bid, the Closing Date under the Stalking Horse Purchase Agreement
- counselOsler, Hoskin & Harcourt LLP
- order date15 January 2026
- presiding officerJustice Myers
- purchaserKingSett Mortgage Corporation
- sale advisorCBRE Limited
- sale outcometext: Sale process approved and stalking horse agreement authorized; no sale approved, court approval required before completion of any transaction · scope: whole_business · status: process_approved
- sealed itemsConfidential Appendix '1' and Confidential Appendix '2' to the Ninth Report sealed until the earlier of closing of the last unit sale in the applicable Project and further order
- stalking horseKingSett Mortgage Corporation