Law360 Canada ( August 5, 2022, 6:36 AM EDT) -- Appeal by Karia from the motion judge’s order setting aside his discharge from bankruptcy and declaring that all issued and outstanding shares of Bindaas Capital (Bindaas) be vested in the Trustee in Bankruptcy. In February 2008, Karia filed an assignment in bankruptcy. In May 2009, the Registrar in Bankruptcy made an order granting Karia a conditional discharge. The Registrar granted Karia an absolute discharge in May 2018. In November 2013, while Karia was still assigned into bankruptcy, Bindaas, a mortgage lender, was incorporated. In October 2017, Karia’s brother became bankrupt. That led to the discovery of Karia’s undisclosed interest in Bindaas in 2018. In September 2019, the Trustee brought a motion seeking to have the shares in Bindaas declared after-acquired property of the estate and to have Karia’s discharge from bankruptcy set aside. The motion judge held that Bindaas was owned by Karia, the shares were after-acquired property of Karia’s estate, and Karia breached his duty under section 158(a) of the Bankruptcy and Insolvency Act (BIA) by failing to deliver the shares to the Trustee after his discharge from bankruptcy. The Court annulled Karia’s discharge from bankruptcy pursuant to section 180(1) of the BIA....