This decision addresses the final stages of a corporate winding-up application for Norall Group Inc. and Norall Group Contracting Inc., including the passing of accounts and the determination of outstanding costs.
The court resolved disputes regarding an interim dividend and an interim distribution order, finding that a respondent shareholder was not entitled to a priority distribution due to significant outstanding costs owed to the applicants.
The corporations were ordered wound up, and the applicants were appointed trustees to complete the process, with the respondent's shareholder entitlement deemed nil due to her outstanding liabilities.
