The applicants, directors and majority shareholders of two corporations, sought an order that the corporations indemnify them for legal costs incurred in a winding-up application and a related action.
The respondents opposed the motion, arguing the applicants did not act honestly and in good faith.
The court found the applicants acted honestly and in good faith with a view to the best interests of the corporations, despite the respondents' active opposition to the winding-up.
The court granted the motion, ordering the corporations to indemnify the applicants for their reasonable legal costs, less unbilled amounts and costs thrown away, and awarded costs of the motion to the applicants.
