The defendants brought a motion seeking an interim or final order to authorize the transfer of shares held by the Jack Witiluk Family Trust in Phase 2 Ventures Inc. to Jeffrey Witiluk and Ryan Witiluk.
The plaintiffs opposed, citing prejudice, oppression, and technical issues related to board approval and director appointment.
The court found the plaintiffs' opposition lacked merit, emphasizing the long-standing nature of the litigation and the pragmatic business sense of the proposed transfer.
Exercising its discretion under the Ontario Business Corporations Act, the court authorized the share transfer, dismissing the plaintiffs' technical objections.
Costs were awarded against the plaintiff, Gerald Witiluk, personally.