The plaintiff moved for summary judgment on its action for a debt owed under a share purchase agreement and to dismiss the defendant's counterclaim.
The defendant alleged unwritten collateral agreements and illegal conduct by the plaintiff but provided no evidence to support these claims.
The court found no genuine issue requiring a trial, noting the defendant's allegations were bald and self-serving.
The court also found the defendant's counterclaim was statute-barred.
Summary judgment was granted in favour of the plaintiff for $289,000, and the counterclaim was dismissed.
