The respondent corporation, 1819472 Ontario Corp. ("9472"), alleged fraud by its former principal and others, leading to an action to recover funds.
The appellants sought summary judgment, arguing the action was statute-barred due to the limitation period.
The motion judge dismissed the summary judgment motion, finding the action was not statute-barred.
The Court of Appeal dismissed the appeal, affirming that the limitation period began when the respondent gained control and knowledge of the claim, which was after the PPSA foreclosure process was completed, not when initial suspicions arose.
The court also confirmed its jurisdiction to hear the appeal as a final order.