#Distribution
Approving Distribution Order of Honorable Justice Kevin Phillips dated — Distribution order
Medical Arts Dispensary of Ottawa (2003) Ltd.
ActiveFollow
- 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
- File
- CV-24-00095422-0000
- Industry
- Health care · Pharmacies
Filings held14
Last activity25 Feb 2025
On the record933 days
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.
Proceedings AIOpen Proceedings AI
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
#Order
Court Order of Justice K. McVey re: Ancillary Relief dated was filed.
Source: Court Order of Justice K. McVey re: Ancillary Relief 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
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice McVey | Ontario Superior Court of Justice | 3 orders, Aug 2024 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Chaitons LLP | 22 Aug 2024 | Factum · 22 Aug 2024 |
| Applicant | Lerners LLP | 19 Apr 2024 | Order · 19 Apr 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
4 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Every creditor and every amount, drawn to scale.
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See all plans“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
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 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 2024 | not stated | Approved29 Aug 2024 | Approval 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 2024 | Sealed | Closed1 Oct 2024 | Secord 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, soughtMotion Record; returnable on February 25, 2025 dated · 21 Feb 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)capacity not statedperiod 2 of 2 · firm not named in the heading | to 31 Jul 2024 | — | 2 people | First Report to the Court dated · 22 Aug 2024 | |
| (firm not named)capacity not statedperiod 1 of 2 · firm not named in the heading | to 30 Jun 2024 | — | 4 people | First Report to the Court dated · 22 Aug 2024 | |
| Chaitons LLPCounsel to the receiverperiod 6 of 6 | to 31 Jan 2025 | 4 people | Secord Report to the Court dated · 21 Feb 2025 | ||
| Chaitons LLPCounsel to the receiverperiod 6 of 6 | 6 Aug 2024 – 31 Jan 2025Sought | 6 people | Motion Record; returnable on February 25, 2025 dated · 21 Feb 2025 | ||
| Chaitons LLPCounsel to the receiverperiod 4 of 6 | to 31 Oct 2024 | 4 people | Secord Report to the Court dated · 21 Feb 2025 | ||
| Chaitons LLPCounsel to the receiverperiod 3 of 6 | to 30 Sep 2024 | 4 people | Secord Report to the Court dated · 21 Feb 2025 | ||
| Chaitons LLPCounsel to the receiverperiod 1 of 6 | 22 Apr – 31 Jul 2024Sought | 4 people | First Report to the Court dated · 22 Aug 2024 | ||
| Chaitons LLPCounsel to the receiverperiod 1 of 6 | — | 2 people | Secord Report to the Court dated · 21 Feb 2025 | ||
| MNP Ltd.Receiver | 19 Apr – 19 Aug 2024 | — | not stated | Motion Record; returnable on August 29, 2024 dated · 26 Jul 2024 | |
115 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Professional fees
$91.7K
As at 20 Feb 2025Secord Report to the Court dated
Documents
14 filings
| Date | Document | File |
|---|---|---|
Approving Distribution Order of Honorable Justice Kevin Phillips dated
| PDF · Subscribers | |
Endorsement of Honorable Justice J Phillips dated
| PDF · Subscribers | |
Motion Record; returnable on February 25, 2025 dated
| PDF · Subscribers | |
Secord Report to the Court dated
| PDF · Subscribers | |
Court Order of Honorable Justice Stanley J. Kershman
| PDF · Subscribers | |
Approval and Vesting Order dated
| PDF · Subscribers | |
Court Order of Justice K. McVey re: Ancillary Relief dated
| PDF · Subscribers | |
Endorsement of Justice K. McVey dated
| PDF · Subscribers | |
Factum of the Receiver re: Sale Approval and Vesting Order dated
| PDF · Subscribers | |
First Report to the Court dated
| PDF · Subscribers | |
Motion Record; returnable on August 29, 2024 dated
| PDF · Subscribers | |
| Receivership Certificate | PDF · Subscribers | |
Order Appointing Receiver
| PDF · Subscribers | |
Application Record
| 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., “Medical Arts Dispensary of Ottawa (2003) Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/medical-arts-dispensary-of-ottawa-2003-ltd