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Page last updated: March 6, 2020
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On August 8, 2019, pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”), PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver (the “Receiver”), without security, of all of the assets, undertakings and properties (the “Property”) of Skywell Homes Ltd. (the “Skywell”) and 2168601 Ontario Inc. (the “216” and collectively with Skywell the “Companies”) acquired for, or used in relation to a business carried on by the Companies, pursuant to section 243 (1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43, as amended. The Receivership Order was granted pursuant to an application made by Cardar Investments Limited.
A Notice and Statement of the Receiver (the “Notice”) will be mailed in accordance with the provisions of the BIA. A copy of the Notice will posted on the “Notices” section of this website.
On March 6, 2020, the Court issued the Distribution, Fee Approval & Discharge Order, which among other things
On February 26, 2020, the Receiver filed its second report with the Court (the "Second Report") to provide information to the Court, with respect to the Receiver's activities since the First Report and to seek an order of the Court (the “Distribution, Fee Approval & Discharge Order”):
The motion will be heard on March 6, 2020.
On October 30, 2019 the Court issued orders, which among other things, approved the sealing of the Confidential Supplement and approved the sale of the Real Property.
On October 23,2019 the Receiver filed its first report with the Court (the "First Report"), to among other things:
to seek an order from the Court:
The motion will be heard on October 30, 2019.