In Foglia v. Grid Link Corp. (Div Court, 2024) the Ontario Divisional Court dismissed an appeal, this from an interlocutory OBCA order that required the appellant to purchase the respondent's interest in a corporation.
Here the court considers the range of winding-up orders under s.207 OBCA:
[23] Under s. 207(1) of the Act, the court may order that a corporation be wound up where it is satisfied that it is just and equitable to do so. However, the remedies available under s. 207(1) are not limited to a winding up order. Pursuant to s. 207(2), on an application under s. 207, the court may make a winding up order or such order under s. 248 as it thinks fit. Under s. 248(3), the court may make any interim or final order it thinks fit, including, an order directing a corporation or any other person to purchase securities of a security holder.
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