Facts: Sanovest Holdings Ltd. sought to appoint a receiver over Ecoasis Pacific Properties LP's assets, alleging loan default of US $3,634,253.62. Ecoasis disputed the loan's interest rate and the total advanced amount.
Issue: Whether a receiver should be appointed given the loan default and disputed terms.
Court's Ruling: The court granted Sanovest's petition to appoint MNP Ltd. as receiver, dismissing Ecoasis's application to convert the petition into an action and file a counterclaim.
Costs/Damages: The document did not specify costs or damages awarded.
