The receiver of Ravelston Corporation Limited obtained an order allowing it to attorn to the jurisdiction of a U.S. federal court and plead not guilty to criminal charges on behalf of the corporation.
A shareholder and creditor appealed the order, arguing it involved future rights under s. 193(a) of the Bankruptcy and Insolvency Act, or alternatively sought leave to appeal under s. 193(e).
The Court of Appeal quashed the appeal, finding the order did not involve future rights but merely directed how present rights should be exercised.
The court also refused leave to appeal, concluding the proposed appeal lacked prima facie merit as the supervising judge made no error in principle in exercising his discretion.
