DRAM OIL & TRADING LIMITED vs. ALFAPETRO GHANA LTD. AND THE REGISTRAR GENERAL

By an Originating Notice of Motion, the Applicant herein prays for an order for the 1st Respondent to be wound-up pursuant to the provisions of Order 19 rule 2 of the High Court (Civil Procedure) Rules, 2004 (C.I 47) and section 4 of the Bodies Corporate (Official Liquidations) Act, 1963, (Act 180) on the grounds set out in the Affidavit in Support of the Application and the Supplementary Affidavit, which in the main states that the 1st Respondent cannot pay its just and lawful debts to its creditors. The case of the Applicant is that it is a limited liability company incorporated under the laws of Ghana and duly licensed by the National Petroleum Authority (hereinafter, the “NPA”) to trade in oil, while the 1st Respondent, also incorporated under the laws of Ghana is duly licensed as a Bulk Distribution Company (BDC) by the NPA. The Applicant states that it commenced action against the 1st Respondent on June 26, 2018, by serving a Statutory Demand on the 1st Respondent, as a c...