The Ontario Court of Appeal dismissed the appeal by Neural Systems Inc., JiangJian Wang, and George Tarazi from a summary judgment granted in favour of the Business Development Bank of Canada.
The court found the appeal to be meritless and brought solely to delay judgment, noting that the debt remained unpaid and there was no genuine issue for trial.
The appellants' arguments regarding repayment efforts were rejected, and the appeal was dismissed with costs of $5,000 awarded to the respondent.
