The plaintiffs moved to bar a claim filed by Trendi Dezign Incorporated in the bankruptcy of the Kaptor Group, arguing it was released under a prior Settlement Agreement.
The court found that Trendi was a 'related person' to the settling defendants under both the Bankruptcy and Insolvency Act and the Business Corporations Act, and was therefore bound by the broad release.
The defendant's cross-motion to examine the receiver was dismissed as a fishing expedition not for the general benefit of creditors.
