The plaintiff brought four summary judgment motions arising from lending claims against a principal and related companies, and also sought dismissal of the defendants' counterclaims.
The defendants alleged that a senior employee of the plaintiff induced them to obtain an expensive life insurance policy and rely on promised corporate restructuring and refinancing that never materialized, within a broader factual context involving unauthorized transactions and alleged fraud.
The court held that the matters could not be reduced to simple collection actions because the nature of the relationship, the alleged representations, reliance, and the employee's credibility were central and sharply disputed.
Applying the summary judgment framework, the court found genuine issues requiring a trial, including on the limitation defence to the counterclaims.
