Ontario · CCAA

This is a motion by Lainco Inc. (“Lainco”), a construction lien creditor of Bondfield Construction Company Limited (“Bondfield”). Lainco seeks an Order lifting the stay of proceedings herein so its lien claim may continue against the security posted to the credit of Lainco’s lien. Lainco submits that there are sound reasons to lift the stay in this case: the balance of convenience favours Lainco; the prejudice to Bondfield and the restructuring process is low compared to the prejudice to Lainco if the stay were to remain; and Lainco’s action is meritorious

Application / notice of application · 28 August 2020