Alberta · Receivership (court-appointed)
Receiver's Third Report to Court dated August 8, 2022
Court officer report · 8 August 2022
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What we verified from this filing3 verified
- financial positionnote: This is not a balance sheet; it reflects sources/uses of funds totals: Sources of Funds Grand Total $5,814,981; Uses of Funds Grand Total $5,800,659, as reported in the Receiver's Third Report. No total assets/liabilities balance sheet figures are stated on these pages. · page: 9 · basis: Source and Use of Funds Analysis (unaudited, not GAAP/IFRS, prepared by Receiver) · scope: 2191609 Alberta Ltd. (Saddlestone Clinic) - Bank Accounts (Pasricha CIBC, Pasricha RBC, 100 Account, 122 Account) for period December 21, 2018 to February 28, 2022 · currency: CAD
- unsecured creditorsnote: Disputed claim; Dr. Khattra objects that billings may be overstated and that the 45% associate fee percentage was not agreed to (she asserts 40%); prose approximation in Third Report was ~$200,000 (para 56); a Revised Interim Payment of $41,000 (later recalculated to $41,621.52) was separately requested for 2022-only work performed during the receivership, deemed reasonable by the Receiver but payment withheld pending Court order; related party (co-shareholder/director of debtor via Pasricha PC) · page: 49 · as of: email dated June 23, 2022 · basis: Claimed outstanding associate fees for work performed at Saddlestone Clinic between June 2021 and May 2022, as asserted by Dr. Pasricha's counsel · amount: 199667.77 · debtor: 2191609 Alberta Ltd. · creditor: Dr. Puneet Pasricha (Outstanding Associate Fees) · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: Total Receiver's Fees | 117,504.19 | 17.43 | 117,521.62 | 5,875.21 · amount: 5875.21 · fees: quote: Total Receiver's Fees | 117,504.19 · amount: 117504.19 · total: quote: Total Receiver's Fees | 117,504.19 | 17.43 | 117,521.62 | 5,875.21 | 123,396.83 · amount: 123396.83 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Receiver's Fees | 117,504.19 | 17.43 · amount: 17.43 · period: end: 2022-07-31 · kind: invoice · quote: FOR THE PERIOD OF MAY 1, 2022 TO JULY 31, 2022 · start: 2022-05-01 · approval: quote: approving the fees and disbursements of the Receiver and its counsel for the period of May 1, 2022 to July 31, 2022 · state: sought · averages: · currency: · invoices: tax: 4833.3 · fees: 96665.94 · quote: May 1, 2022 to June 30, 2022 | LABS-3332 | 96,665.94 $ | 17.43 $ | 96,683.37 $ | 4,833.30 $ | 101,516.67 $ · total: 101516.67 · period end: 2022-06-30 · period start: 2022-05-01 · disbursements: 17.43; tax: 1041.91 · fees: 20838.25 · quote: July 1, 2022 to July 31, 2022 | LABS-3346 | 20,838.25 | - | 20,838.25 | 1,041.91 | 21,880.16 · total: 21880.16 · period end: 2022-07-31 · period start: 2022-07-01 · firm text: Grant Thornton Limited · firm quote: appointing Grant Thornton Limited as the receiver · context quote: approving the fees and disbursements of the Receiver and its counsel for the period of May 1, 2022 to July 31, 2022; form: invoice_listing · rows: · money: tax: label: GST · quote: plus GST of $1,264.91 · amount: 1264.91 · fees: quote: The total fees of Cassels, as counsel to the Receiver, for the period of May 1, 2022 to July 31, 2022, were $25,291.00 · amount: 25291 · total: quote: for a total of $26,633.20 · amount: 26633.2 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: plus disbursements of $77.29 · amount: 77.29 · period: end: 2022-07-31 · kind: invoice · quote: FOR THE PERIOD OF MAY 1, 2022 TO JULY 31, 2022 · start: 2022-05-01 · approval: quote: approving the fees and disbursements of the Receiver and its counsel for the period of May 1, 2022 to July 31, 2022 · state: sought · averages: · currency: · invoices: tax: 251.2 · fees: 5024 · quote: May 1, 2022 to May 31, 2022 | 2170200 | 5,024.00 | - | 5,024.00 | 251.20 | 5,275.20 · total: 5275.2 · period end: 2022-05-31 · period start: 2022-05-01; tax: 663.3 · fees: 13266 · quote: June 1, 2022 to June 30, 2022 | 2173214 | 13,266.00 | 70.00 | 13,336.00 | 663.30 | 13,999.30 · total: 13999.3 · period end: 2022-06-30 · period start: 2022-06-01 · disbursements: 70; tax: 350.41 · fees: 7001 · quote: July 1, 2022 to July 31, 2022 | 2174595 | 7,001.00 | 7.29 | 7,008.29 | 350.41 | 7,358.70 · total: 7358.7 · period end: 2022-07-31 · period start: 2022-07-01 · disbursements: 7.29 · firm text: Cassels Brock and Blackwell LLP · firm quote: the Receiver and its counsel, Cassels Brock and Blackwell LLP (' Cassels ') · context quote: The total fees of Cassels, as counsel to the Receiver, for the period of May 1, 2022 to July 31, 2022, were $25,291.00, plus disbursements of $77.29, plus GST of $1,264.91, for a total of $26,633.20.