FINANCIAL SERVICES TRIBUNAL

Citation: Metrozen Capital Inc. v. Ontario (Superintendent Financial Services), 2017 ONFST 2 Decision No. M0673-2016-1 Date: 2017/02/22

IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 7, 8, 18, 19 and 21;

AND IN THE MATTER OF the Interim Order Suspending Licences and the Notice of Proposal to Revoke Licences against Metrozen Capital Inc. and Roya Seifollahi Nanehkaran, dated January 4, 2016, issued by the Superintendent of Financial Services;

AND IN THE MATTER OF a Hearing in accordance with subsection 21(3) of the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29.

B E T W E E N:

METROZEN CAPITAL INC.

APPLICANT

and

SUPERINTENDENT OF FINANCIAL SERVICES

RESPONDENT

BEFORE:

Florence A. Holden Chair of the Panel and Chair (Acting) of the Tribunal

WRITTEN SUBMISSIONS:

For the Applicant – no submissions received

For the Superintendent of Financial Services – no submissions received

REASONS FOR DECISION

I. INTRODUCTION

1On January 18, 2017, the Tribunal issued a Notice of Intention to Dismiss the proceedings initiated by the Applicant under a Request for Hearing. The Applicant had consistently failed to comply with prior orders of the Tribunal made during a number of pre-hearing teleconferences with respect to the service and filing of documents in preparation for the hearing and had not provided any reasonable cause for the failure to take those steps. The Applicant’s prior representative, Mr. Pannirshelvan Kannuthurai, confirmed on February 15, 2017 to the Tribunal that he had no standing to represent the Applicant in any capacity. No submissions were received by the Tribunal from the Applicant in response to the Notice of Intention to Dismiss within the 30-day time period permitted.

II. ORDER

2The Tribunal dismisses the proceeding without further hearing.

Dated at Toronto, this 22nd day of February, 2017.

“Florence A. Holden” Florence A. Holden