Mt. Cross Pharmacy (1970636 Ontario Ltd.)
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-18-597922-00CL
Mt. Cross Pharmacy (1970636 Ontario Ltd.) is the subject of a court-appointed receivership brought under BIA s. 243 and the applicable provincial Judicature Act. The record identifies CWB Maxium Financial Inc. as the Company's general secured creditor, with its security interest referenced in the Appointment Order; no balance, registration particulars, or further detail on that security is given in the available pages. The proceeding is listed as active, but the record does not disclose the court, judicial centre, province, or commencement date, and no timeline events have been reported.
The court granted an approval and vesting order for the sale to 2654356 Ontario Inc., doing business as Joice Pharmacy and Medical Clinic. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions. Sealed: Bid Summary attached as Confidential Appendix 1, unredacted Sale Agreement attached as Confidential Appendix 2.
Source: Approval and Vesting Order of Honourable Justice Wilton-Siegel
Motion Record of the Receiver – returnable December 11, 2018 – PART I — Application / notice of application
Motion Record of the Receiver – returnable December 11, 2018 – PART II — Application / notice of application
Motion Record of the Interim Receiver – returnable September 10, 2018 — Application / notice of application
Order appointing the Interim Receiver over 1975193 Ontario Ltd. dba MTN RX& Health — Receivership order
Supplemental Responding Motion Record of 1975193 Ontario Ltd. — Response / objection pleading
Motion Record of the Plaintiff – returnable July 6, 2018 — Application / notice of application
The court appointed msi Spergel inc. as receiver, on the application of CWB MAXIUM FINANCIAL INC.. Court file CV-18-597922-00CL.
Source: Order appointing the Receiver
Motion Record of the Plaintiff – returnable June 14, 2018 – Part 1 — Application / notice of application
Motion Record of the Plaintiff – returnable June 14, 2018 – Part 2 — Application / notice of application
The court appointed msi Spergel inc. as interim receiver, on the application of CWB MAXIUM FINANCIAL INC.. Court file CV-18-597922-00CL.
Motion Record of the Plaintiff – returnable May 16, 2018 – Part 1 — Application / notice of application
Motion Record of the Plaintiff – returnable May 16, 2018 – Part 2 — Application / notice of application
Debtor
Mt. Cross Pharmacy (1970636 Ontario Ltd.)
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dunphy | Ontario Superior Court of Justice | 4 orders, May 2018 – Dec 2018 | 74 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 3 orders, Jun 2018 | 134 cases on record |
| Justice Leitch | Ontario Superior Court of Justice | 2 orders, Jan 2019 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Pallett Valo LLP | 10 Sep 2018 | Application · 10 Sep 2018 |
| Applicant | Miller Thomson LLP | 14 Jun 2018 | Order · 14 Jun 2018 |
| DebtorMt. Cross Pharmacy (1970636 Ontario Ltd.) | Gowling WLG (Canada) LLP | — | Factum |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | CWB Maxium Financial Inc. · in 7 casesGeneral secured creditor; security interest referenced in Appointment Order (specific registration details not stated on these pages) — Described as 'the Company's general secured creditor'; no balance stated on these pages — debtor: 1970636 Ontario Ltd. o/a Mt. Cross Pharmacy | — | First Report to Court |
“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 approved — Transaction approved by the CourtApproval and Vesting Order of Honourable Justice Wilton-Siegel · 11 Dec 2018
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2654356 Ontario Inc., doing business as Joice Pharmacy and Medical Clinicthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale | Sealed | Approved11 Dec 2018 | Approval and Vesting Order of Honourable… |
5 engagements · 4 firms — latest: Spergel Inc., 1 Dec 2018 – 10 Sep 2019Receiver's Motion Record Part 2 · 12 Sep 2019
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)capacity not statedfirm not named in the heading | — | — | — | $279.48stated average | Motion Record of the Receiver – returnable December 11, 2018 – PART II · 11 Dec 2018 |
| Pallett Valo LLPCounsel to the receiverperiod 1 of 2 | 15 May – 13 Jun 2018 | — | — | $337.80stated average | Motion Record of the Receiver – returnable December 11, 2018 – PART II · 11 Dec 2018 |
| Pallett Valo LLPCounsel to the receiverperiod 1 of 2 | Appointment Period | 335.7 | — | $290.01stated average | Receiver's Motion Record Part 2 · 12 Sep 2019 |
| Spergel Inc.capacity not stated | 1 Dec 2018 – 10 Sep 2019 | — | — | not stated | Receiver's Motion Record Part 2 · 12 Sep 2019 |
| msi Spergel inc.Receiver | — | 227 | — | $332.95stated average | Motion Record of the Receiver – returnable December 11, 2018 – PART I · 11 Dec 2018 |
| Date | Document | File |
|---|---|---|
| Receiver's Motion Record Part 1 | ||
Receiver's Motion Record Part 2
| ||
Order of Hnourable Justice Leitch regarding Nasim
| ||
Order of Honourable Justice Leitch regarding Kirkopoulos
| ||
Approval and Vesting Order of Honourable Justice Wilton-Siegel
| ||
Motion Record of the Receiver – returnable December 11, 2018 – PART I
| ||
Motion Record of the Receiver – returnable December 11, 2018 – PART II
| ||
Order of Honourable Justice Dunphy
| ||
| Order appointing the Receiver over Malhotra and Nasim | ||
Endorsement of Honourable Justice Penny
| ||
Approval Order of Honourable Justice Chiapetta
| ||
Motion Record of the Interim Receiver – returnable September 10, 2018
| ||
Endorsement of Honourable Justice Dunphy
| ||
| Order appointing the Interim Receiver over 1975193 Ontario Ltd. dba MTN RX& Health | ||
| Plaintiff’s Revised Factum for motion returnable August 3, 2018 | ||
| Book of Authorities of the Defendant | ||
| Letter to Gowling WLG (Canada) LLP | ||
| Supplemental Responding Motion Record of 1975193 Ontario Ltd. | ||
| Supplement to the First Report to Court | ||
First Report to Court
| ||
| Responding Motion Record of 1975193 Ontario Ltd. | ||
| Motion Record of the Plaintiff – returnable July 6, 2018 | ||
Endorsement of Honourable Justice Hainey
| ||
Approval Order of Honourable Justice McEwen
| ||
Endorsement of Honourable Justice McEwen
| ||
| Motion Record of the Plaintiff – returnable June 14, 2018 – Part 1 | ||
| Motion Record of the Plaintiff – returnable June 14, 2018 – Part 2 | ||
Order appointing the Receiver
| ||
| Plaintiff’s Factum for motion returnable June 14, 2018 | ||
Endorsement of Honourbale Justice Dunphy
| ||
Motion Record of the Plaintiff – returnable May 16, 2018 – Part 1
| ||
| Motion Record of the Plaintiff – returnable May 16, 2018 – Part 2 | ||
Order appointing the Interim Receiver
| ||
| Book of Authorities of the Plaintiff | ||
| Book of Authorities of the Defendant – Tab 3 missing pages | ||
Factum of the Defendant 1975193 Ontario Ltd.
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Mt. Cross Pharmacy (1970636 Ontario Ltd.)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/mt-cross-pharmacy-1970636-ontario-ltd