The moving parties, officers and directors of the Gandi Group, sought leave to appeal a motion judge's order in CCAA proceedings.
The motion judge had limited their indemnity claims to specific corporate entities, subordinated one claim to a major creditor, and characterized the indemnity claims as 'equity claims' under the CCAA, thereby subordinating them to unsecured creditors.
The Court of Appeal applied the Stelco test and denied leave to appeal, finding the issues were either factual, not of significance to the practice, or lacked prima facie merit.