Ontario Court of Appeal says leave to appeal may hinder bankruptcy and insolvency proceedings

Bernise Carolino of Lexpert reports that the Ontario Court of Appeal refused to extend the 10-day appeal deadline or grant a stay of a receiver’s approval and vesting order, finding the delay unexplained and prejudicial, the proposed appeal devoid of issues of general importance, and emphasizing that late leave motions should not be allowed to derail or slow bankruptcy and insolvency proceedings.

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