The applicant, Hoshang Bakhshi, sought relief under the oppression provisions of the Business Corporations Act, RSO 1990, c B.16, alleging oppressive conduct by the respondents.
The court found that the respondents failed to comply with a prior order to produce records and respond in a timely manner.
The court granted the application, awarding Bakhshi the return of his investment, a share of sale proceeds, punitive damages, and substantial indemnity costs, finding the respondents' conduct to be covert and in bad faith.
