Ontario · Receivership (court-appointed)
Notice of Application dated June 12, 2026
Application / notice of application · 12 June 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified · 2 withheld
- courtSUPERIOR COURT OF JUSTICE
- statutory basissection 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
- applicantUnited Overseas Bank Limited
- appointeeAlixPartners Restructuring, Inc.
- appointee rolereceiver
- secured creditorsnote: Approximate amount, excludes fees, costs and other reimbursable amounts, and excludes LC Obligations. Debenture Charge ranks in priority to all other charges except certain planning/municipal/utility registrations and certain undischarged lien claims (holdback only). · page: 5 · as of: 2026-06-08 · amount: 21123337.16 · debtor: Nova Ridge (Manderley) Limited Partnership / Nova Ridge (Manderley) GP Corp. · creditor: United Overseas Bank Limited (as Agent) and Laurentian Bank of Canada (as lender) - Construction Lenders · currency: CAD · security: Demand Debenture dated May 10, 2022, registered as Instrument No. AT6044624 on May 10, 2022; first fixed specific mortgage/charge on Real Property, security interest in all present and after-acquired property, assignment of agreements; Term Construction Facility limit up to $79,916,000 and LC Facility limit up to $2,500,000
- secured creditorsnote: Approximate amount, excludes fees, costs and other reimbursable amounts · page: 5 · as of: 2026-06-08 · amount: 8913610.72 · debtor: Nova Ridge (Manderley) Limited Partnership / Nova Ridge (Manderley) GP Corp. · creditor: United Overseas Bank Limited (as Mezzanine Lender) · currency: CAD · security: Same Demand Debenture dated May 10, 2022, registered as Instrument No. AT6044624; Mezzanine Facility limit up to $9,050,000
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.