Ontario Court of Appeal finds order lifting BIA stay to be procedural, denies lender leave to appeal

By Karunjit Singh ( February 12, 2025, 4:57 PM EST) -- The Ontario Court of Appeal has found that a lender did not have an automatic right to appeal an order lifting a stay under the Bankruptcy and Insolvency Act and has permitted a project owner to terminate an agreement with an insolvent project developer....