SAVANNA PRIDE LIMITED vs. HANERGY GLOBAL SOLAR POWER GROUP LIMITED, SAVANNA SOLAR LIMITED

RULING By leave granted the Plaintiff for the issuance of the writ and service of a notice thereof out of the jurisdiction on 1st defendant, a company ordinarily resident outside the jurisdiction in compliance with Order 2 Rule 7(5) and Order 8 of the High Court (Civil Procedure) Rules, C. I. 47 the Plaintiff claim per its writ issued the following reliefs: a. Immediate annulment of the Shares Sales and Purchase Agreement and abrogation of the shareholders agreement and immediate reverting of the 70% shares in Savanna Solar Ltd from the 1st Defendant to Plaintiff. b. General damages for breach of the Shares Sales and Purchase Agreement. c. Damages for fraud. d. Compensation by 1st Defendant to Plaintiff. e. Cost incidental to litigation Defendants/Applicants seek by this motion to stay proceedings in court pending reference of the matters in dispute for determination in the parties own choice of an arbitral forum. In the affidavit deposed to in support of the application for ...