EDC STOCK BROKERS LTD (PLAINTIFF) vs. CIG MICROFINANCE LTD & 7 ORS (DEFENDANTS)

Application for stay of execution is hereby struck out as having been withdrawn by counsel for Defendants/Applicants. I make no order as to costs. There is also an application for reserve price. Counsel for Plaintiff/Applicant moves motion by relying on the affidavit and all the attachments. Counsel for Defendants/Respondent responds and says they are opposed to the application for reserve price. Counsel submits that the valuation placed on the properties are far below the actual value as the property is in a prime area in Accra and prays the court to appoint a government valuer to conduct the valuation. This is an application for reserve price. I have read the application and the affidavits filed by the parties for and in opposition to the motion. I have also considered the oral submissions made by both counsel in support of their respective cases. Regard has also been given to the principles governing matters of this nature. It is to be noted that where a party disputes a...