Facts: Millgate Limited and Penrose Properties Limited sought judgments for amounts totaling over $13 million CAD and over $324,000 USD from Plaza 500 Hotels Ltd., relating to funds advanced under agreements from 2004 and amended in 2012, which were disputed as either loans or equity investments.
Issue: The primary legal issue was whether the advances made were loans that required repayment or were equity contributions that did not necessitate repayment.
Court's Ruling: The court dismissed the plaintiffs' application for summary trial, deciding that the matter could not be resolved without a full trial due to the complex nature of the disputes involved, including questions of fact and law that needed thorough examination.
Amount of Costs/Damages Awarded: The court awarded costs in the cause to the defendant, Plaza 500 Hotels Ltd.
