Proceedings.

Medical Arts Dispensary of Ottawa (2003) Ltd.

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Proceeding
Receivership (court-appointed)subsection 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
File
CV-24-00095422-0000
Filings held14
Last activity25 Feb 2025
On the record888 days
Secured debt$1.95M
OverviewSummary updated

Medical Arts Dispensary of Ottawa (2003) Ltd. has been in court-appointed receivership since April 19, 2024, when the Ontario Superior Court of Justice granted a receivership order under court file CV-24-00095422-0000. The proceeding rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, and it remains active in Ontario. The appointment order is the only milestone recorded on the file to date, so the receivership stands where it began, with the initial order as the operative step governing the company's affairs.

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Case updates14 dated entries
#Report

The officer filed report no. Second Report. The Receiver operated the pharmacy business to stabilize it, then completed a sale of substantially all assets to a purchaser, resolving a Ministry overpayment issue to close the transaction; remaining duties include investigating an intercompany receivable, tax matters, and completing distribution of funds.

Source: Secord Report to the Court dated

#Sale

The court granted an approval and vesting order for the sale to Joseph Saad and Maged Daoud, in trust for Medical Arts Pharmacy Dispensary of Ottawa Inc. Closing terms, as extracted: Vesting occurs upon delivery of a Receiver's Certificate to the Purchaser confirming payment of the Purchase Price and satisfaction of conditions to Closing. Sealed: Confidential Appendix 1 and Confidential Appendix 2 to the First Report.

Source: Approval and Vesting Order dated

#Order

Put the company into court-appointed receivership under BIA s. 243 and provincial Judicature Act authority, commencing the Ontario proceeding under file CV-24-00095422-0000.

Source: Order Appointing Receiver

Parties

Debtor

Medical Arts Dispensary of Ottawa (2003) Ltd.

Receiver

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice McVeyOntario Superior Court of Justice2 orders, Aug 20241 case on record

Counsel of record

PartyCounselFirst seenSource
ReceiverMNPChaitons LLP22 Aug 2024Factum · 22 Aug 2024
ApplicantLerners LLP19 Apr 2024Order · 19 Apr 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 2 named without a figure
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesas of Date of Appointment (2024-04-19) — Deemed trust - unremitted employee source deductions — Deemed trust class. Two components stated, not summed: (a) 2023 unremitted employee source deductions $28,344.11; (b) 2024 unremitted employee source deductions $14,503.49. Receiver filed outstanding HST returns resulting in a refund claim of $45,537.35, which CRA is applying against the unpaid source deductions claim; Receiver expects CRA will not ultimately hold a priority claim but is setting aside proceeds to cover potential priority claims by CRA. — debtor: Medical Arts Dispensary of Ottawa (20—First Report to the Court dated
4SecuredCWB Maxium Financial Inc. · in 7 casesSecured Creditor per CWB's Application Record — Also restated in prose as 'CWB claims to be owed $1,947,830 plus interest and costs' without a stated date (page 12); Receiver is in process of obtaining independent legal opinion from Chaitons LLP on validity/enforceability of CWB's security (opinion pending). — debtor: Medical Arts Dispensary of Ottawa (2003) Ltd. · as of 10 Apr 2024$1.95MFirst Report to the Court dated
4SecuredMcKesson Canada · in 3 casesSecured Creditor per information provided to Receiver by McKesson — Rounded figure of $100,680 also stated in the secured creditor summary table (page 4); Receiver is in process of obtaining independent legal opinion from Chaitons LLP on validity/enforceability of McKesson's security (opinion pending). — debtor: Medical Arts Dispensary of Ottawa (2003) Ltd.$101KFirst Report to the Court dated
4SecuredCWB Maxium Financial Inc. (Receiver's Borrowings) · in 7 casesReceiver's Certificate / Receiver's Borrowings Charge (court-ordered charge under Receivership Order, maximum $125,000 at any time) — Loan for working capital/wages, subject to interest at 3% over prevailing prime commercial lending rate; distinct capacity from CWB's underlying secured claim as pre-filing lender; charge ranks per priority scheme in Receivership Order. — debtor: Medical Arts Dispensary of Ottawa (2003) Ltd. · as of 2 May 2024$52KFirst Report to the Court dated
4SecuredMeridian OneCap Credit Corp. · in 75 casesRegistered security interest against specific equipment used in the Business — Receiver's counsel has not reviewed Meridian OneCap Credit Corp.'s security at this time; amount not stated. — debtor: Medical Arts Dispensary of Ottawa (2003) Ltd.—First Report to the Court dated

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

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.

Sale processAs stated in the filings

2 transactions · 1 approved · 1 closed — The sale transaction closed after resolving the Overpayment issue with ODB.Secord Report to the Court dated · 21 Feb 2025

Parties solicited

12

First Report to the Court dated

NDAs signed

12

First Report to the Court dated

Bids received

5

First Report to the Court dated

PurchaserPriceStatusSource
Joseph Saad and Maged Daoud, in trust for Medical Arts Pharmacy Dispensary of Ottawa Inc.the Purchased Assets (as defined in the Purchase Agreement) · asset sale · nominee/assignee: Medical Arts Pharmacy Dispensary of Ottawa Inc. · agreement 19 Jul 2024not statedApproved29 Aug 2024Approval and Vesting Order dated
Joseph Saad and Maged Daoud (in trust for a corporation to be incorporated)substantially all of the assets of the Business (the 'Purchased Assets') · asset sale · nominee/assignee: Medical Arts Pharmacy Dispensary of Ottawa Inc. · agreement 19 Jul 2024SealedClosed1 Oct 2024Secord Report to the Court dated
Closing termsVesting occurs upon delivery of a Receiver's Certificate to the Purchaser confirming payment of the Purchase Price and satisfaction of conditions to ClosingApproval and Vesting Order dated
Sealed materialsConfidential Appendix 1 and Confidential Appendix 2 to the First ReportApproval and Vesting Order dated
Fees and ratesAs stated in the filings

9 engagements · 3 firms — latest: Chaitons LLP, 6 Aug 2024 – 31 Jan 2025, $57,408.50 soughtMotion Record; returnable on February 25, 2025 dated · 25 Feb 2025

FirmPeriodHoursFeesRatesSource
(firm not named)capacity not statedperiod 2 of 2 · firm not named in the headingto 31 Jul 2024—$9,248.50ex. tax$750 – $8952 peopleFirst Report to the Court dated · 22 Aug 2024
2 people — (firm not named), to 31 Jul 2024
NameTitleHoursRateFees
Harvey G. Chaiton—4.3$895$3,848.50
Michael Pasternack—7.2$750$5,400.00
(firm not named)capacity not statedperiod 1 of 2 · firm not named in the headingto 30 Jun 2024—$6,219.50ex. tax$500 – $8954 peopleFirst Report to the Court dated · 22 Aug 2024
4 people — (firm not named), to 30 Jun 2024
NameTitleHoursRateFees
Harvey G. Chaiton—6.1$895$5,459.50
Robert Miller—0.7$800$560.00
Michael Pasternack—7.8$750$5,850.00
Maral Alacer—0.4$500$200.00
Chaitons LLPCounsel to the receiverperiod 6 of 66 Aug 2024 – 31 Jan 2025Sought99.8$57,408.50ex. tax$375 – $9506 peopleMotion Record; returnable on February 25, 2025 dated · 25 Feb 2025
6 people — Chaitons LLP, 6 Aug 2024 – 31 Jan 2025
NameYear of callHoursRateFees
Harvey G. Chaiton19822.3$950$2,185.00
Harvey G. Chaiton198214.3$895$12,798.50
Michael Pasternack200024.6$750$18,450.00
Logan Gong201725$455$11,375.00
Laura Culleton202132.1$375$12,037.50
Liam Scanlon20221.5$375$562.50
Total Hours and Amounts Billed—99.8—$57,408.50
Chaitons LLPCounsel to the receiverperiod 6 of 6to 31 Jan 20259.6$7,314.50ex. tax$375 – $9504 peopleSecord Report to the Court dated · 21 Feb 2025
4 people — Chaitons LLP, to 31 Jan 2025
NameTitleHoursRateFees
Harvey G. Chaiton—2.3$950$2,185.00
Harvey G. Chaiton—4.6$895$4,117.00
Laura Culleton—1.2$375$450.00
Liam Scanlon—1.5$375$562.50
Chaitons LLPCounsel to the receiverperiod 4 of 6to 31 Oct 202413.7$6,686.00ex. tax$375 – $8954 peopleSecord Report to the Court dated · 21 Feb 2025
4 people — Chaitons LLP, to 31 Oct 2024
NameTitleHoursRateFees
Harvey G. Chaiton—1.1$895$984.50
Michael Pasternack—0.3$750$225.00
Logan Gong—10.8$455$4,914.00
Laura Culleton—1.5$375$562.50
Chaitons LLPCounsel to the receiverperiod 3 of 6to 30 Sep 202438.7$23,730.00ex. tax$375 – $8954 peopleSecord Report to the Court dated · 21 Feb 2025
4 people — Chaitons LLP, to 30 Sep 2024
NameTitleHoursRateFees
Harvey G. Chaiton—2.2$895$1,969.00
Michael Pasternack—18.5$750$13,875.00
Logan Gong—14.2$455$6,461.00
Laura Culleton—3.8$375$1,425.00
Chaitons LLPCounsel to the receiverperiod 1 of 622 Apr – 31 Jul 2024Sought27.6$25,358.40incl. HST$500 – $8954 peopleMotion Record; returnable on August 29, 2024 dated · 29 Aug 2024
4 people — Chaitons LLP, 22 Apr – 31 Jul 2024
NameYear of callHoursRateFees
Harvey G. Chaiton198211.5$895$10,292.50
Robert Miller19840.7$800$560.00
Michael Pasternack200015$750$11,250.00
Maral Alacer20160.4$500$200.00
Chaitons LLPCounsel to the receiverperiod 1 of 6—4.7$3,613.05incl. tax$375 – $8952 peopleSecord Report to the Court dated · 21 Feb 2025
2 people — Chaitons LLP, —
NameTitleHoursRateFees
Harvey G. Chaiton—2.6$895$2,327.00
Laura Culleton—2.1$375$787.50
MNP Ltd.Receiver19 Apr – 19 Aug 2024—$148,253.70not statedMotion Record; returnable on August 29, 2024 dated · 29 Aug 2024

Top rate $950 · 33rd percentile of counsel rates, 2025 · of 80

Estate financialsReported figures — never derived

Professional fees to date

$91.7K

As at 21 Feb 2025Secord Report to the Court dated

Documents
14 filings
DateDocumentFile
Approving Distribution Order of Honorable Justice Kevin Phillips dated
  • Counsel Chaitons LLP
  • Presiding officer Justice Kevin Phillips
PDF
Endorsement of Honorable Justice J Phillips dated
  • Presiding officer Justice J. Phillips
PDF
Motion Record; returnable on February 25, 2025 dated
  • Fee schedule Engagements: Form: time_summary · Rows: Harvey Chaiton; Harvey Chaiton; Michael Pasternack; Logan Gong; Laura Culleton; Liam Scanlon; Fees: 57408.5 · Hours: 99.8 · Quote: Total Hours and Amounts Billed | | 99.80 | | $57,408.50 · Row kind: subtotal · Rate kind: standard · Name as stated: Total Hours and Amounts Billed · Money: Tax: $7.52K · Label: HST · Quote: Total Taxes (HST) | | $7,522.83 · Fees: $57.4K · Quote: Total Hours and Amounts Billed | 99.80 | $57,408.50 · Total: $66.4K · Quote: totalling $66,448.89 (comprised of fees of $57,408.50, disbursements of $1,517.56 and HST of $7,522.83) · includes tax · includes disbursements · Approximate: false · Disbursements: $1.52K · Quote: Total Costs | | $1,517.56 · Period: End: 2025-01-31 · Kind: cumulative · Quote: for the period commencing August 6, 2024 and ending January 31, 2025 · Start: 2024-08-06 · Approval: State: unstated · Averages: excluding taxes · Currency: · Invoices: Fees: 23730 · Quote: GRAND TOTAL $26,840.98 · Total: 26840.98 · Period end: 2024-09-30 · Disbursements: 24; Date: 2024-10-31 · Fees: 6686 · Quote: GRAND TOTAL $7,890.55 · Total: 7890.55 · Period end: 2024-10-31 · Disbursements: 314.71; Fees: 3114.5 · Quote: GRAND TOTAL $3,613.05 · Total: 3613.05 · Period end: 2024-11-30 · Disbursements: 85.65; Date: 2025-01-31 · Fees: 7314.5 · Quote: GRAND TOTAL $8,798.24 · Total: 8798.24 · Period end: 2025-01-31 · Disbursements: 519.8 · Firm text: Chaitons LLP · Firm quote: Attached hereto and collectively marked as Exhibit 'A' are copies of the accounts issued by Chaitons to the Receiver · Hours total: Quote: Total Hours and Amounts Billed | 99.80 | $57,408.50 · Value: 99.8 · Context quote: I am a lawyer with the law firm of Chaitons LLP ('Chaitons'), lawyers for MNP Ltd., in its capacity as Court-appointed receiver of Medical Arts Dispensary of Ottawa (2003) Ltd. · Context unverified: true
PDF
Secord Report to the Court dated
  • Closing confirmed Closed · 1 Oct 2024 · Joseph Saad and Maged Daoud (in trust for a corporation to be incorporated)
  • Fee schedule Engagements: Form: time_summary · Rows: Harvey Chaiton; Harvey Chaiton; Michael Pasternack; Logan Gong; Laura Culleton; Liam Scanlon; Fees: 57408.5 · Hours: 99.8 · Quote: Total Hours and Amounts Billed | | 99.80 | | $57,408.50 · Row kind: subtotal · Rate kind: standard · Name as stated: Total Hours and Amounts Billed · Money: Tax: $7.52K · Label: HST · Quote: Total Taxes (HST) | | | | $7,522.83 · Fees: $57.4K · Quote: Total Hours and Amounts Billed | | 99.80 | | $57,408.50 · Total: $66.4K · Quote: totalling $66,448.89 (comprised of fees of $57,408.50, disbursements of $1,517.56 and HST of $7,522.83) · includes tax · includes disbursements · Approximate: false · Disbursements: $1.52K · Quote: Total Costs | | | | $1,517.56 · Period: End: 2025-01-31 · Kind: cumulative · Quote: for the period commencing August 6, 2024 and ending January 31, 2025 · Start: 2024-08-06 · Approval: Quote: approving the fees and disbursements of the Receiver and its counsel, Chaitons LLP (' Chaitons '). · State: sought · Averages: excluding taxes · Currency: · Invoices: Date: 2024-09-30 · Fees: 23730 · Quote: GRAND TOTAL $26,840.98 · Total: 26840.98 · Period end: 2024-09-30 · Disbursements: 24; Date: 2024-10-31 · Fees: 6686 · Quote: GRAND TOTAL $7,890.55 · Total: 7890.55 · Period end: 2024-10-31 · Disbursements: 314.71; Fees: 3114.5 · Quote: GRAND TOTAL $3,613.05 · Total: 3613.05 · Period end: 2024-11-30 · Disbursements: 85.65; Date: 2025-01-31 · Fees: 7314.5 · Quote: GRAND TOTAL $8,798.24 · Total: 8798.24 · Period end: 2025-01-31 · Disbursements: 519.8 · Firm text: Chaitons LLP · Firm quote: Chaitons LLP (' Chaitons ') · Hours total: Quote: Total Hours and Amounts Billed | | 99.80 | | $57,408.50 · Value: 99.8 · Context quote: Attached hereto and collectively marked as Exhibit 'A' are copies of the accounts issued by Chaitons to the Receiver for the period commencing August 6, 2024 and ending January 31, 2025, totalling $66,448.89 (comprised of fees of $57,408.50, disbursements of $1,517.56 and HST of $7,522.83) with respect to this proceeding.; Form: time_summary · Rows: Harvey G. Chaiton; Michael Pasternack; Laura Culleton; Logan Gong · Money: Fees: $23.7K · Quote: TOTAL PROFESSIONAL FEES $23,730.00 · Total: $26.8K · Quote: GRAND TOTAL $26,840.98 · includes tax · includes disbursements · Approximate: false · Disbursements: $24 · Quote: TOTAL DISBURSEMENTS $24.00 · Period: End: 2024-09-30 · Kind: invoice · Quote: FOR PROFESSIONAL SERVICES RENDERED on this matter up to and including September 30, 2024: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Chaitons LLP · Firm quote: CHAITONS LLP · Hours total: Quote: Total: | | 38.70 | $23,730.00 · Value: 38.7 · Context quote: FOR PROFESSIONAL SERVICES RENDERED on this matter up to and including September 30, 2024:; Form: time_summary · Rows: Harvey G. Chaiton; Michael Pasternack; Laura Culleton; Logan Gong · Money: Fees: $6.69K · Quote: TOTAL PROFESSIONAL FEES $6,686.00 · Total: $7.89K · Quote: GRAND TOTAL $7,890.55 · includes tax · includes disbursements · Approximate: false · Disbursements: $315 · Quote: TOTAL DISBURSEMENTS $314.71 · Period: End: 2024-10-31 · Kind: invoice · Quote: FOR PROFESSIONAL SERVICES | on this matter up to and | October 31, 2024: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Chaitons LLP · Firm quote: CHAITONS LLP · Hours total: Quote: Total: | | 13.70 | $6,686.00 · Value: 13.7 · Context quote: FOR PROFESSIONAL SERVICES on this matter up to and October 31, 2024:; Form: time_summary · Rows: Harvey G. Chaiton; Laura Culleton · Money: Total: $3.61K · Quote: GRAND TOTAL $3,613.05 · includes tax · includes disbursements · Approximate: false · Disbursements: $86 · Quote: TOTAL DISBURSEMENTS HST at 13.00% | | $85.65 8.01 · Period: Kind: invoice · Quote: FOR PROFESSIONAL SERVICES RENDERED | on this matter up to and | November 30, · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Chaitons LLP · Firm quote: CHAITONS LLP · Hours total: Quote: Total: | | 4.70 | $3,114.50 · Value: 4.7 · Context quote: FOR PROFESSIONAL SERVICES RENDERED on this matter up to and November 30, 2024: · Context unverified: true; Form: time_summary · Rows: Harvey G. Chaiton; Harvey G. Chaiton; Liam Scanlon; Laura Culleton · Money: Fees: $7.31K · Quote: TOTAL PROFESSIONAL FEES $7,314.50 · Total: $8.8K · Quote: GRAND TOTAL $8,798.24 · includes tax · includes disbursements · Approximate: false · Disbursements: $520 · Quote: TOTAL DISBURSEMENTS $519.80 · Period: End: 2025-01-31 · Kind: invoice · Quote: FOR PROFESSIONAL SERVICES | matter up to and including January | 31, 2025: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Chaitons LLP · Firm quote: CHAITONS LLP · Hours total: Quote: Total: | | 9.60 | $7,314.50 · Value: 9.6 · Context quote: FOR PROFESSIONAL SERVICES matter up to and including January 31, 2025:
  • Operational summary The Receiver operated the pharmacy business to stabilize it, then completed a sale of substantially all assets to a purchaser, resolving a Ministry overpayment issue to close the transaction; remaining duties include investigating an intercompany receivable, tax matters, and completing distribution of funds.
  • Professional fees $91.7K · Note: Excludes disbursements and HST; average hourly rate $574.97 excluding taxes. Chaitons (Receiver's counsel) fees separately total $66,448.89 inclusive of disbursements and HST for August 6, 2024 to January 31, 2025. · Party: Receiver (MNP Ltd.) · Period: August 19, 2024 to February 20, 2025
  • + 4 more extracted facts
PDF
Court Order of Honorable Justice Stanley J. Kershman
  • Presiding officer Justice Stanley
PDF
Approval and Vesting Order dated
  • Closing terms Vesting occurs upon delivery of a Receiver's Certificate to the Purchaser confirming payment of the Purchase Price and satisfaction of conditions to Closing
  • Order date 29 August 2024
  • Purchaser Joseph Saad and Maged Daoud, in trust for Medical Arts Pharmacy Dispensary of Ottawa Inc. · the Debtor's right, title and interest in and to the Purchased Assets (as defined in the Sale Agreement) · asset sale · approved
  • Sealed items Confidential Appendix 1 and Confidential Appendix 2 to the First Report
PDF
Court Order of Justice K. McVey re: Ancillary Relief dated
  • Presiding officer Justice K. McVey
  • Purchaser Joseph Saad and Maged Daoud, in trust for Medical Arts Pharmacy Dispensary of Ottawa Inc. · nominee/assignee Medical Arts Pharmacy Dispensary of Ottawa Inc. · the Purchased Assets (as defined in the Purchase Agreement) · asset sale · approved
PDF
Endorsement of Justice K. McVey dated
  • Presiding officer Justice K. McVey
PDF
Motion Record; returnable on August 29, 2024 dated
  • Fee schedule Engagements: Form: invoice_listing · Rows: Harvey Chaiton; Robert Miller; Michael Pasternack; Maral Alacer · Money: Tax: $2.91K · Label: HST · Quote: Total Taxes (HST) · Total: $25.4K · Quote: TOTAL · includes tax · includes disbursements · Approximate: false · Disbursements: $147 · Quote: Total Costs · Period: End: 2024-07-31 · Kind: cumulative · Quote: the fees and disbursements claimed by it from April 22 to July 31, 2024 · Start: 2024-04-22 · Approval: State: unstated · Averages: — · Currency: · Invoices: Tax: 808.54 · Fees: 6219.5 · Quote: TOTAL PROFESSIONAL FEES $6,219.50 · Total: 7184.6 · Period end: 2024-06-30 · Disbursements: 146.6; Tax: 888.49 · Date: 2024-06-30 · Fees: 6834.5 · Quote: TOTAL PROFESSIONAL FEES $6,834.50 · Total: 7722.99 · Period end: 2024-06-30; Tax: 1202.31 · Date: 2024-07-31 · Fees: 9248.5 · Quote: TOTAL PROFESSIONAL FEES $9,248.50 · Total: 10450.81 · Period end: 2024-07-31 · Firm text: Chaitons LLP · Firm quote: CHAITONS LLP · Hours total: Quote: Total Hours and Amounts Billed · Value: 27.6 · Context quote: I am a lawyer with the law firm of Chaitons LLP (' Chaitons '), lawyers for MNP Ltd., in its capacity as Court-appointed receiver of Medical Arts Dispensary of Ottawa (2003) Ltd.; Form: prose · Rows: · Money: Fees: $148K · Quote: totalling $148,253.70 exclusive of disbursements and HST · Approximate: false · Period: End: 2024-08-19 · Kind: interim · Quote: for the period from April 19, 2024 to August 19, 2024 · Start: 2024-04-19 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: MNP Ltd. · Firm quote: Lawyers for MNP Inc., in its capacity as Court-Appointed Receiver · Context quote: The Receiver has fees and disbursements for the period from April 19, 2024 to August 19, 2024, totalling $148,253.70 exclusive of disbursements and HST.
PDF
Factum of the Receiver re: Sale Approval and Vesting Order dated
  • Counsel Chaitons LLP
PDF
First Report to the Court dated
  • Fee schedule Engagements: Form: invoice_listing · Rows: Harvey Chaiton; Robert Miller; Michael Pasternack; Maral Alacer · Money: Tax: $2.91K · Label: HST · Quote: Total Taxes (HST) · Total: $25.4K · Quote: TOTAL · includes tax · includes disbursements · Approximate: false · Disbursements: $147 · Quote: Total Costs · Period: End: 2024-07-31 · Kind: cumulative · Quote: the accounts described above accurately reflect the services provided by Chaitons in this matter and the fees and disbursements claimed by it from April 22 to July 31, 2024. · Start: 2024-04-22 · Approval: Quote: approving the fees and disbursements of the Receiver and its counsel, Chaitons LLP; · State: sought · Averages: — · Currency: · Invoices: Tax: 818.5 · Fees: 6219.5 · Quote: GRAND TOTAL $7,184.60 · Total: 7184.6 · Period end: 2024-06-30 · Disbursements: 146.6; Tax: 888.49 · Date: 2024-06-30 · Fees: 6834.5 · Quote: GRAND TOTAL $7,722.99 · Total: 7722.99 · Period end: 2024-06-30; Tax: 1202.31 · Date: 2024-07-31 · Fees: 9248.5 · Quote: GRAND TOTAL 10,450.81 · Total: 10450.81 · Period end: 2024-07-31 · Firm text: Chaitons LLP · Firm quote: CHAITONS LLP · Hours total: Quote: Total Hours and Amounts Billed · Value: 27.6 · Context quote: I am a lawyer with the law firm of Chaitons LLP (' Chaitons '), lawyers for MNP Ltd., in its capacity as Court-appointed receiver of Medical Arts Dispensary of Ottawa (2003) Ltd.; Form: time_summary · Rows: Harvey G. Chaiton; Robert Miller; Maral Alacer · Money: Tax: $819 · Label: HST · Quote: HST at 13.00% 808.54 · Fees: $6.22K · Quote: TOTAL PROFESSIONAL FEES $6,219.50 · Total: $7.18K · Quote: GRAND TOTAL $7,184.60 · includes tax · includes disbursements · Approximate: false · Disbursements: $147 · Quote: TOTAL DISBURSEMENTS $146.60 · Period: End: 2024-06-30 · Kind: invoice · Quote: FOR PROFESSIONAL SERVICES | matter up to and including June 30, 2024: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm unverified: true · Context unverified: true; Form: time_summary · Rows: Harvey G. Chaiton; Michael Pasternack · Money: Tax: $888 · Label: HST · Quote: HST at 13.00% 888.49 · Fees: $6.83K · Quote: TOTAL PROFESSIONAL FEES $6,834.50 · Total: $7.72K · Quote: GRAND TOTAL $7,722.99 · includes tax · Approximate: false · Period: End: 2024-06-30 · Kind: invoice · Quote: PROFESSIONAL FEES · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm unverified: true · Context unverified: true; Form: time_summary · Rows: Harvey G. Chaiton; Michael Pasternack · Money: Tax: $1.2K · Label: HST · Quote: HST at 13.00% 1,202.31 · Fees: $9.25K · Quote: TOTAL PROFESSIONAL FEES $9,248.50 · Total: $10.5K · Quote: GRAND TOTAL $10,450.81 · includes tax · Approximate: false · Period: End: 2024-07-31 · Kind: invoice · Quote: FOR PROFESSIONAL SERVICES RENDERED on this matter up to and including July 31, 2024: · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm unverified: true · Context unverified: true
  • Process results 12 solicited · 12 NDAs · 5 bids · as of 22 Aug 2024
  • Sale outcome Approval pending — The Receiver entered into exclusive negotiations with the Purchaser leading to execution of the Purchase Agreement and recommends Court approval of the Transaction
  • Secured creditors $52K · Note: Loan for working capital/wages, subject to interest at 3% over prevailing prime commercial lending rate; distinct capacity from CWB's underlying secured claim as pre-filing lender; charge ranks per priority scheme in Receivership Order. · Page: 12 · As of: 2024-05-02 · Debtor: Medical Arts Dispensary of Ottawa (2003) Ltd. · Creditor: CWB Maxium Financial Inc. (Receiver's Borrowings) · Security: Receiver's Certificate / Receiver's Borrowings Charge (court-ordered charge under Receivership Order, maximum $125,000 at any time)
PDF
Receivership CertificatePDF
Order Appointing Receiver
  • Applicant CWB MAXIUM FINANCIAL INC.
  • Appointee MNP Ltd.
  • Appointee role receiver
  • Counsel Lerners LLP
  • + 4 more extracted facts
PDF
Application Record
  • Applicant CWB MAXIUM FINANCIAL INC.
  • Appointee MNP Ltd.
  • Appointee role Proposed Receiver
  • Commencement date 16 April 2024
  • + 4 more extracted facts
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Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Medical Arts Dispensary of Ottawa (2003) Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/medical-arts-dispensary-of-ottawa-2003-ltd

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Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/medical-arts-dispensary-of-ottawa-2003-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.