The court granted default judgment in favour of the plaintiff, Izhak Aliasi-Sini, against Samir Arora and Equinox Arora Realty Inc. for breach of contract arising from a failed real estate transaction.
The court found that the defendants, having been noted in default, were deemed to admit the facts pleaded.
The plaintiff was awarded damages based on the difference between the original and resale prices, legal fees, and punitive damages, with a reduction for lower resale commission.
The court also awarded substantial indemnity costs and prejudgment interest, but declined to award prejudgment interest on the full purchase price due to lack of evidence.
