The SCC emphasized that Callidus's improper purpose was its attempt to subvert the will of other creditors that had already rejected the First Plan. The SCC accepted the findings of the CCAA judge, who concluded that the Second Plan was substantially similar to the First Plan, and there was no prospect unsecured creditors would vote in favour of the Second Plan after rejecting the First Plan. The Second Plan could only succeed if Callidus was able to vote as an unsecured creditor, essentially overriding the clearly expressed wishes of all other unsecured creditors and undercutting the democratic structure of creditor voting provided for in the CCAA.