The plaintiffs advanced funds to the defendants for a real estate investment.
When the investment failed, the plaintiffs obtained a Certificate of Pending Litigation (CPL) against the defendants' personal residence.
To facilitate the sale of the residence, the parties agreed to discharge the CPL and hold $600,000 from the sale proceeds in court pending a further motion.
The plaintiffs moved to keep the funds in court under Rule 45.02, while the defendants sought their release.
The court found that the plaintiffs established a right to a specific fund, a serious issue to be tried, and that the balance of convenience favoured preserving the funds.
The plaintiffs' motion was granted.