Key Issues:

1. Ownership Dispute: Whether Paramjit, Harchand, and Swaranjit were equal beneficial owners of World Wide Carriers Ltd. (WWC), despite corporate records listing Sukhdev as sole shareholder.
2. Oppression Claim: Whether Sukhdev’s actions—removing the others as directors—were oppressive under the Ontario Business Corporations Act (OBCA).
3. Buy-Out Application: Whether a buy-out of real estate companies within the World Wide Group should be ordered due to the business dispute.

Court Findings:

• Ownership Dispute: The court found that Paramjit, Harchand, and Swaranjit were beneficial owners of WWC, based on their initial financial contributions. Sukhdev’s removal of them as directors was oppressive.
• Buy-Out Order: The court ruled that Sukhdev must be bought out of four real estate companies (202 Ontario, 87 Mountainview, 90 Gaylord, 200 Edward). In turn, Sukhdev must buy the others' shares in World Wide Atlantic Freight Inc.

Final Orders:

• WWC share register rectified to reflect equal ownership.
• Buy-out granted to separate interests.
• Costs awarded: $100,000 to the respondents in the ownership dispute; $55,000 to Sukhdev in the buy-out dispute.
• Net monetary award: $45,000 in favor of Paramjit, Harchand, and Swaranjit.

Key Takeaways:

• Oral agreements can override corporate records if proven.
• Oppressive conduct in a private business can lead to legal intervention.
• Courts may order a buy-out when business relationships break down.