The defendants brought a motion for summary judgment to dismiss the plaintiff's action, which alleged fraud regarding corporate shares and sought damages.
The court found that the plaintiff's claim was statute-barred under the Limitations Act, 2002, as the material facts upon which the claim was based were discovered by February 2017, more than two years before the action was commenced in April 2020.
The court applied the discoverability principle and the summary judgment framework, concluding there was no genuine issue requiring a trial.
The motion for summary judgment was granted, and the action was dismissed.
