The decision concerns claims by the plaintiffs to set aside various transfers of property, shares, and a trademark by the defendant Pooniah Soundrarajan to family members and related companies, on the basis that they were fraudulent conveyances intended to defeat creditors, and also claims of oppression and unjust enrichment.
The court reviews the evidence for badges of fraud, the timing and context of the transfers, and the adequacy of consideration.
The court grants a non-suit on the claim regarding the transfer of the matrimonial home but finds a prima facie case regarding the share and trademark transfers and oppression, ultimately declaring those transfers void as against the plaintiffs.
