GECC Subsidiary Provides Update on its Lawsuit for Damages Against the Lender of the Atmosphere Project
Financialcontent
GECC's subsidiary filed an appeal against a court decision allowing a credit bid for the Atmosphere property, seeking a stay of the order.Summary
Global Education Communities Corp. (GECC) announced that its subsidiary, GEC Richmond, has filed a notice of appeal with the Court of Appeal for BC. This appeal challenges a recent Supreme Court of BC decision that approved a credit bid for the acquisition of the Atmosphere property by a Toronto lender. GEC Richmond is also seeking a stay of the Supreme Court order, and the Alderbridge parties have joined the appeal. The trial, which includes a lawsuit by GEC Richmond for damages against the Toronto lender, is scheduled to continue for two weeks starting October 13, 2026.
(Sourceļ¼Financialcontent)