Facts: The case involves a shareholder dispute in a real estate project, with the property purchased for $21.5 million, funded by personal investment and a mortgage from Canadian Western Bank.
Issue: Foreclosure proceedings were initiated due to the failure to redeem the mortgage, amidst a complex shareholder dispute over financial contributions and development plans.
Court's Ruling: The court granted an order absolute in favor of the petitioner, allowing the foreclosure to proceed and transferring property ownership free from respondents' claims.
Costs/Damages Awarded: The judgment does not specify exact costs or damages awarded; it notes the property's value and mortgage were roughly equivalent, suggesting no significant equity was preserved beyond the foreclosure order.
