A trial was ordered within a receivership application to determine the ownership of three corporations that held interests in real property.
The plaintiff claimed to be the owner of the corporations, while the principal of the Laila Group of Companies claimed the corporations were subsidiaries of her company, World Corp. The court found both parties lacked credibility and had fabricated documents.
Ultimately, the court determined that the plaintiff was the legal owner of one corporation but held it on a resulting trust for World Corp., and that World Corp. was the legal and beneficial owner of the other two corporations.
