Southcott Estates Inc sued the Toronto Catholic District School Board for specific enforcement of a contract to sell it of land. Southcott Estates Inc was a subsidiary of Ballantry Homes Inc, a developer,Part of the Ballantry Group of Companies, see and special purpose entity created just for purchasing and developing the land. The deal was conditional upon Southcott paying a 10% deposit, and the Toronto School Board getting severance permission from Toronto's Committee of Adjustment before a certain date. However, the Committee refused without reviewing a development plan for the land, which meant severance was not granted in time. Southcott sued for specific performance or damages.
