Facts: Neeraj Srivastava, a co-founder and former CTO of DLT Global Inc., sought to wind up the company, alleging mismanagement and breach of agreements. He had transferred business and intellectual property from his company, Conatus, to DLT Global, expecting shared control and financial returns, which he claims were not honored.

Issues: The case centered on whether DLT Global should be wound up under the Ontario Business Corporations Act (OBCA) due to its financial state, alleged mismanagement, and Srivastava's claims of unmet financial and operational expectations.

Court's Ruling: The Ontario Superior Court dismissed the application to wind up DLT Global. The court found that Srivastava failed to demonstrate that the company could not continue its business due to liabilities or that winding up was just and equitable based on the evidence, including recent successful fundraising and ongoing business operations.

Costs/Damages: The application was dismissed without specific details on costs or damages, but the court mentioned that if parties could not agree on costs, they could submit written submissions for determination.