COURT FILE NO.: CV-24-00718940-00CL

DATE: 20241218

SUPERIOR COURT OF JUSTICE – ONTARIO

IN THE MATTER OF AN APPLICATION UNDER SECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, RSC 1985, c. B-3, AS AMENDED; AND SECTION 101 OF THE COURTS OF JUSTICE ACT, RSO 1990, c. C.43, AS AMENDED

RE: Kingsett Mortgage Corporation, Applicant

AND:

Churchill Lands United Inc., Respondent

BEFORE: Kimmel J.

COUNSEL: Michael Citak/ Baruch Wise, for the Respondent, Churchill Lands United Inc.

Sean Zweig/Aiden Nelms, for KSV Restructuring Inc., in its capacity as Court-appointed receiver

Gregory Dubecky, 1001024143 Ontario Inc., Graham Halley, the Purchaser under the proposed AVO

HEARD: December 12, 2024

ENDORSEMENT

The Motion: Background

[1] This motion originally came before the court on December 3, 2024. It was adjourned to December 12, 2024 at the request of the representative of Churchill Lands United Inc. ("Churchill" or the "Debtor"). The court's endorsement from December 3, 2024 contains some of the background to this motion. For ease of reference the relevant background is reproduced below:

[1] The Receiver, KSV Restructuring Inc., was appointed on May 14,