Pesco Pump (2017) Ltd.

Pesco Pump (2017) Ltd. has been under the receivership of MNP Ltd. since February 28, 2024, when the Ontario Superior Court of Justice appointed the firm as receiver on the application of Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding is carried under court file CV-23-00094196-0000 and remains active. RBC's claim, secured by a General Security Agreement dated April 26, 2022 and a Mortgage dated May 12, 2022 — the security under which the receiver was appointed — stood at $3,607,591.49 as of the appointment date. The City of Kawartha Lakes holds a municipal tax lien of $14,875.23. The receiver's notice and statement lists some three dozen further creditors, the largest a $1,400 claim by Almack Agronomic Services.