Nova Ridge (Manderley) Limited Partnership and Nova Ridge (Manderley) GP Corp.

Active

Proceeding: Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
Court: Ontario Superior Court of Justice · Commercial List
File: CL-26-00000276-0000

Filings held19

Last activity3 Sep 2026

On the record90 days

OverviewSummary updated 5 August 2026

Nova Ridge (Manderley) Limited Partnership and Nova Ridge (Manderley) GP Corp. have been under court-appointed receivership in Ontario since June 23, 2026, when the Ontario Superior Court of Justice (Commercial List) appointed AlixPartners Restructuring, Inc. as Receiver and Manager on the application of United Overseas Bank Limited, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The Receiver has taken possession of the debtors' assets and cash, arranged insurance, negotiated a listing agreement and developed a sale process and pricing schedule for the unsold units of the project, while dealing with construction lien claimants. Following a July 17 endorsement, the Receiver filed a supplement to its First Report on July 24, 2026 revising the proposed sale approval materials. The proceeding is active under court file CL-26-00000276-0000.

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Case updates20 dated entries

3 Sep 2026

#Order

Court Order re Amendment to Sale Approval Order dated September 3, 2026 — Order (other)

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3 Sep 2026

#Order

Endorsement of Justice Steele dated September 3, 2026 — Endorsement / reasons

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2 Sep 2026

#Filing

Aide Memoire of the Receiver re Amending Order dated September 2, 2026 — Factum / brief

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17 earlier updates, back to 23 June 2026 — subscribers.

AnalysisAll insights⁠

Case update

The Manderley: a sealed price list rewritten for Ontario's HST rebate

AlixPartners is selling 70 unsold suites at an 11-storey Toronto condominium under a template agreement Justice Myers required and target prices the court keeps sealed; on September 3 Justice Steele approved a third price schedule after Ontario's enhanced HST rebate, up to $130,000 a buyer on the receiver's figures, left agreement and prices built on different taxes, so that in the receiver's example a sale netting $500,000 fell below a $541,000 floor.

4 September 2026

Parties

Debtor

Nova Ridge (Manderley) Limited Partnership and Nova Ridge (Manderley) GP Corp.

Applicant

United Overseas Bank Limited

Receiver

AlixPartners

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Myers	Ontario Superior Court of Justice	3 orders, Jun 2026 – Aug 2026	103 cases on record
Justice Steele	Ontario Superior Court of Justice	2 orders, Sep 2026	220 cases on record
Justice Black	Ontario Superior Court of Justice	2 orders, Aug 2026	176 cases on record

Counsel of record

Party	Counsel	First seen	Source
ReceiverAlixPartners	McCarthy Tétrault LLP	14 Jul 2026	Factum · 14 Jul 2026
CreditorAviva Insurance Company Canada	Borden Ladner Gervais LLP	19 Aug 2026	Service list · 19 Aug 2026
CreditorMatrex Window System Inc	Rar Litigation	19 Aug 2026	Service list · 19 Aug 2026
CreditorMazzad Drywall Inc	Pallett Valo LLP	14 Jul 2026	Service list · 14 Jul 2026
CreditorNekison Engineering & Contractors Limited	Soccol Law	14 Jul 2026	Service list · 14 Jul 2026
CreditorUltimate Fire Protection Ltd	SimpsonWigle LAW LLP	14 Jul 2026	Service list · 14 Jul 2026
CreditorWestview Paving Inc	Sutherland Law	14 Jul 2026	Service list · 14 Jul 2026
CreditorWilkinson Manderley Inc	WeirFoulds LLP	14 Jul 2026	Service list · 14 Jul 2026

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Court-ordered charges	Receiver's Borrowings Charge — in priority to all security interests, trusts, liens (including construction liens registered as of the date of this Order), charges and encumbrances, statutory or otherwise, in favour of any Person, but subordinate in p	$500K	Receivership Order dated June 23, 2026

This 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.

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Sale processAs stated in the filings

Sale approved — request that the Court issue an order amending the Sale Approval Order to address a technical issueThird Supplement to the First Report dated August 28, 2026 · 28 Aug 2026

AdvisorsMilborne Real Estate Inc. (sale agent)Third Supplement to the First Report dated August 28, 2026

Sealed materialsConfidential Appendix 1 to the Third Supplement to the First Report of the Receiver dated August 28, 2026Court Order re Amendment to Sale Approval Order dated September 3, 2026

Documents

19 filings

Date	Document	File
3 Sep 2026	Court Order re Amendment to Sale Approval Order dated September 3, 2026 Counsel McCarthy Tétrault LLP Presiding officer Justice Steele Sealed items Confidential Appendix 1 to the Third Supplement to the First Report of the Receiver dated August 28, 2026 Stalking horse Subscribers	PDF · Subscribers

3 Sep 2026	Endorsement of Justice Steele dated September 3, 2026 Presiding officer Justice Steele	PDF · Subscribers

2 Sep 2026	Aide Memoire of the Receiver re Amending Order dated September 2, 2026 Counsel McCarthy Tétrault LLP	PDF · Subscribers

28 Aug 2026	Motion Record of the Receive re Amending Order dated August 28, 2026	PDF · Subscribers

28 Aug 2026	Third Supplement to the First Report dated August 28, 2026 Operational summary The Debtors have substantially completed construction of the Manderley condominium development, and the Receiver continues to oversee the sale of the remaining unsold residential units, parking spots and lockers under a court-approved sale process; this report seeks a technical amendment to the pricing schedule to reflect a new HST rebate that does not affect actual sale proceeds. Cash on hand · Disbursements · Financial position Subscribers + 7 more extracted facts	PDF · Subscribers

19 Aug 2026	Service List as at August 19, 2026 Counsel Pallett Valo LLP	PDF · Subscribers

5 Aug 2026	Endorsement of Justice Black dated August 5, 2026 Presiding officer Justice Black	PDF · Subscribers

5 Aug 2026	Sale Approval Order dated August 5, 2026 Counsel McCarthy Tétrault LLP Order date 5 August 2026 Presiding officer Justice Myers Break fee Subscribers + 3 more extracted facts	PDF · Subscribers

4 Aug 2026	Manderley - Second Supplement to the First Report - final	PDF · Subscribers

4 Aug 2026	Second Supplement to the First Report dated August 4, 2026 Financial position · Stalking horse Subscribers	PDF · Subscribers

24 Jul 2026	Supplement to the First Report of the Receiver dated July 24, 2026 Operational summary This report supplements the First Report of the Receiver dated July 8, 2026, revising the Sale Approval Order, form of AVO, Sale Process and Pricing Schedule to reflect the Court's July 17 Endorsement, limiting Permitted Transactions to individual Unsold Units, requiring a substantially compliant Template Individual APS, imposing Target Price floors with defined adjustment caps, and establishing a Minimum Sale Conditions framework. Cash on hand · Financial position · Professional fees Subscribers + 4 more extracted facts	PDF · Subscribers

14 Jul 2026	Factum of the Receiver re Sale Approval dated July 14, 2026 Counsel Meena Alnajar McCarthy Tétrault LLP	PDF · Subscribers

14 Jul 2026	Service List as at July 14, 2026 Counsel Pallett Valo LLP	PDF · Subscribers

8 Jul 2026	First Report of the Receiver dated July 8, 2026 Operational summary A summary of the Receiver's activities since the date of the Receivership Order includes: familiarizing itself with all aspects of the Debtors' Business, Real Property, Project, and Unsold Units; taking possession of the Debtors' assets, including the cash in its bank accounts; facilitating insurance on the Debtors' property; negotiating the Listing Agreement; preparing the Sale Process and discussing same with the Lenders; reviewing the Sales Plan; preparing, with the assistance of the Sales Agent, the Pricing Schedule; liaising with the Debtors and their solicitors regarding outstanding transactions; communicating with various construction lien claimants and their counsel; keeping the Lenders apprised of material developments in these proceedings; and preparing and sending the statutory Notice of the Receiver pursuant to Section 246 of the BIA. Cash on hand · Financial position · Professional fees Subscribers + 5 more extracted facts	PDF · Subscribers

8 Jul 2026	Motion Record of the Receiver re Sale Approval dated July 8, 2026	PDF · Subscribers

23 Jun 2026	Endorsement of Justice Myers dated June 23, 2026 Presiding officer Justice Myers	PDF · Subscribers

23 Jun 2026	Receivership Order dated June 23, 2026 Applicant United Overseas Bank Limited Appointee AlixPartners Restructuring, Inc. Appointee role receiver and manager Charges Subscribers + 10 more extracted facts	PDF · Subscribers

16 Jun 2026	Application Record dated June 16, 2026	PDF · Subscribers

12 Jun 2026	Notice of Application dated June 12, 2026 Applicant United Overseas Bank Limited Appointee AlixPartners Restructuring, Inc. Appointee role receiver Court SUPERIOR COURT OF JUSTICE + 3 more extracted facts	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., “Nova Ridge (Manderley) Limited Partnership and Nova Ridge (Manderley) GP Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/nova-ridge-manderley-limited-partnership-and-nova-ridge-manderley-gp-corp