The defendant moved for summary judgment dismissing the action as statute-barred under the Limitations Act, 2002.
The plaintiff alleged an agreement to purchase shares through funds advanced in 2004 and 2005, and relied on subsequent promises of repayment and share substitution, including a 2010 recorded conversation, to argue acknowledgement of indebtedness and promissory estoppel.
Applying the summary judgment framework, the court held the limitation defence, the start date of any limitation period, and the availability of promissory estoppel were factually intertwined with the merits.
A trial was required for a fair and just determination.