#Filing
Notice and Statement of Receiver - Monde Development Group Inc — Notice of receiver (s. 245 / Form 87)
Monde Development Group Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and section 101 of the Courts of Justice Act, and section 68 of the Construction Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-26-00000241-0000
- Industry
- Real estate · Residential development
OverviewSummary updated
Monde Development Group Inc. is the subject of a court-appointed receivership proceeding in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced on June 1, 2026 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act provisions. The matter proceeds in Ontario under court file number CL-26-00000241-0000 and remains active. No steps beyond the application itself have been recorded to date.
Proceedings AIOpen Proceedings AI
Case updates4 dated entries
#Order
The court appointed BDO Canada Limited as receiver and manager, and as construction lien trustee, on the application of Meridian Credit Union Limited. Court file CL-26-00000241-0000.
#Filing
Application filed June 1, 2026, opening the receivership proceeding in the Ontario Superior Court of Justice under court file CL-26-00000241-0000.
AnalysisAll insights
Filing brief
Monde Development: a receiver for the condo a fire hose flooded
On July 7 Justice Myers appointed BDO receiver and construction lien trustee of Monde Development's 89-unit condominium in Clarington, over the developer's opposition. Water from a fire hose flooded the building in December 2025; seven months on, Chubb had not paid an insurance claim of over $15 million.
Parties
Debtor
Monde Development Group Inc.
Receiver
BDO
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Meridian Credit Union Limited · in 20 casesRegistered interest against the Property (1607 King Street E., Clarington, Ontario) — Amount per Receiver's summary based on court filing materials and information from the debtor — debtor: Monde Development Group Inc. | $37.5M | Notice and Statement of Receiver - Monde Development Group Inc |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
73 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Documents4 filings
| Date | Document | File |
|---|---|---|
Notice and Statement of Receiver - Monde Development Group Inc
| PDF · Subscribers | |
Appointment Order - dated July 7, 2026
| PDF · Subscribers | |
Endorsement - dated July 7, 2026
| PDF · Subscribers | |
Application Record-Applicant-dated June 1, 2026
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Monde Development Group Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/monde-development-group-inc