The plaintiff, Daly Square Inc., brought a motion for summary judgment in a mortgage action seeking approximately $130,000 plus interest and possession of the mortgaged property, and dismissal of the defendants' counterclaim.
The defendants, 1786097 Ontario Inc. and Camille Mikhael, opposed, arguing for equitable set-off and that their $500,000 counterclaim for property damage was not statute-barred.
The court dismissed the plaintiff's motion for summary judgment on both its claim and the defendants' counterclaim, finding genuine issues requiring a trial regarding equitable set-off and the limitation period for the counterclaim.
The court also ruled that the defendants were not entitled to legal set-off.