The moving parties brought a motion to review an order of a single judge of the Court of Appeal, which refused an extension of time to apply for leave to appeal.
The moving parties had claimed at trial that they intended only to provide a character reference for the main borrowers, but the trial judge rejected their evidence.
Their appeal to the Divisional Court was dismissed.
The Court of Appeal agreed with the single judge that there was no basis for granting an extension of time, as the proposed leave motion raised only issues of credibility and had no chance of success.
The motion was dismissed with costs fixed at $3,000.