The appellant, the sole shareholder of a bankrupt hotel, appealed a vesting order and an order approving the sale of the hotel's assets by a court-appointed receiver.
The appellant argued that the receiver failed to disclose the identity of the principals behind the purchaser, which tainted the sale process.
The purchaser brought a motion to quash the appeal, arguing it was moot because the vesting order had already been registered on title under the Land Titles Act.
The Court of Appeal held that once a vesting order is registered on title without a stay, its attributes as a court order are spent and it becomes a conveyance, rendering any appeal from the order moot.
The Court also dismissed the appeal on the merits, finding that the identity of the purchaser's principals was not material to the receiver's sale process.