Karandeep Lidder

The plaintiffs obtained a default judgment against the defendants for an unpaid loan and registered a Certificate of Pending Litigation (CPL) on the matrimonial home of two of the defendants.

The defendant Satchwell moved to discharge the CPL, arguing the loan was not secured by the property.

The court dismissed the motion, finding that the plaintiffs had established a reasonable claim to an interest in the property because the uncontradicted evidence and deemed admissions showed the loaned funds were used to purchase the home.

This endorsement addresses compliance with a previous court order regarding rent payments and premises vacation.

The applicant alleged the respondent breached the order by contacting subtenants and sought an injunction.

The respondent claimed the applicant owed additional rent and credited subtenant payments received.

The court reaffirmed the terms of the prior endorsement, requiring the applicant to pay rent as due (less subtenant payments received by the respondent) and stating that failure to pay would release the respondent from their undertaking not to remove the applicant.

The court declined to hear the injunction request due to the lack of a formal motion and factum, noting potential issues with establishing irreparable harm.

Costs were reserved.

The plaintiffs brought a motion for a Mareva injunction and Certificates of Pending Litigation against the defendants, alleging they perpetrated a Ponzi scheme involving mortgage and securities fraud.

The court found a strong prima facie case of fraud, oppression, and conspiracy, noting that tens of millions of dollars were raised without proper compliance and were unaccounted for.

The court inferred a strong risk of dissipation of assets based on the defendants' conduct, including the listing of a $4 million house and suspicious property transfers.

The motion for the Mareva injunction and CPLs was granted.