Background: Business Development Bank of Canada sought summary judgment against 2611948 Ontario Ltd. and individuals Robert James Walsh and Michelle Helga Walsh for defaulting on loan repayments.
Parties Involved: Plaintiff is Business Development Bank of Canada. Defendants are 2611948 Ontario Ltd., Robert James Walsh, and Michelle Helga Walsh.
Issues/Main Discussion: The Defendants defaulted on two loan agreements, and the Bank moved for summary judgment to recover the owed amounts plus interest and costs.
Ruling: The court granted summary judgment in favor of the Bank, ordering the Defendants to pay the outstanding loan amounts, interest, and $8,500 in costs.
Amount Awarded: Defendants to pay $93,821.19 and $54,538.53 for the first and second loans, respectively, with interest and $8,500 in costs.
