CCAA sale process and lien claims process approved; regulatory license revocation proceedings stayed.
In a CCAA proceeding involving a substantially completed condominium development, the Applicant sought orders approving a Unit Sale Process for unsold units, a Construction Lien Claims Process, and ancillary relief including a stay extension and DIP facility increase.
The Court granted the orders, sealing the Target Price List for the unsold units to protect commercial sensitivity, and staying a regulatory proceeding by the Home Construction Regulatory Authority to revoke the Applicant's license, finding the license essential to the restructuring and sale process.
SCJSuperior Court of JusticeApr 9, 2026
