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The landlord disputes KingSett’s application. The sales process was “deficient” because it did not include all of the properties, and appraisals conducted earlier this year do not reflect the properties’ value, it said in a response filed with the court.

Jamie Dysart, KingSett’s executive director of mortgage and the company’s point person on the file, did not immediately respond to requests for comment on Wednesday.

Reached via email, Tim Clark — CEO of New Summit Partners Corp., which administers and occasionally finances the group, and sole director of all 45 companies in creditor protection — did not comment on the dispute.

A representative of financial services giant PricewaterhouseCoopers Inc., which was appointed by the court to oversee the creditor protection proceedings, declined an interview request “as the matter is before the courts tomorrow.”

The landlord group was granted protection under the Companies’ Creditors Arrangement Act last year after telling the court it could not pay its debts and proceed with its plan to renovate the apartments and profit from increased rental rates.

According to court documents, at the time of filing the group was in default on a $104 million loan, had other major loans due and owing, and owed $12.7 million to unsecured creditors, including dozens of Saskatoon-based companies.

Many of those firms had previously registered at least $4.5 million in builders’ liens against three of the group’s signature properties in Saskatoon. One business owner told the Saskatoon StarPhoenix he did not expect to recover the $74,503 the group owed him.