Royal Bank of Canada v. 2021847 Ontario Limited

Royal Bank of Canada v. 2021847 Ontario Limited

Because the appellants produced no substantial evidence and the question whether the sale was improvident was a pure question of law with no disputed facts, summary judgment was properly entered and the appeal was dismissed.

Source-derived case information.

Citation
2008 ONCA 628
Parties
Respondent: Royal Bank of Canada; Appellant: 2021847 Ontario Limited; Appellant: Pelee Hydrofoil Corporation; Appellant: Martin Sear; Appellant: Penelope Sear; Appellant: Russell Newton; Appellant: James Kreuttner; Appellant: Maged Salek-Farat Attia a.k.a. Magad Salek-Farag Attia
Court
Court of Appeal for Ontario
Jurisdiction
Canada
Judgment Date
12 September 2008
Procedural Posture
Collection / Appeal From Superior Court Decision
Outcome
Appeal dismissed
Legal Topics
Improvident Sale, Summary Judgment, Receivership Sales, Costs
Source Language
en
Civil Collection Receivership Improvident Sale Summary Judgment Receivership Sales Costs

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Parties

Royal Bank of Canada

Respondent

2021847 Ontario Limited

Appellant

Pelee Hydrofoil Corporation

Appellant

Martin Sear

Appellant

Penelope Sear

Appellant

Russell Newton

Appellant

James Kreuttner

Appellant

Maged Salek-Farat Attia a.k.a. Magad Salek-Farag Attia

Appellant

Procedural Posture

Collection / Appeal From Superior Court Decision

  1. 1 Whether the receiver conducted an improvident sale of the hydrofoil vessels
  2. 2 Whether summary judgment was appropriate where the only issue is one of law

Ratio Decidendi

Because the appellants produced no substantial evidence and the question whether the sale was improvident was a pure question of law with no disputed facts, summary judgment was properly entered and the appeal was dismissed.

Court Disposition

Appeal dismissed

Orders

  • Appeal dismissed
  • Costs fixed at $7,300 inclusive of disbursements and G.S.T.