ACCESS BANK GHANA LIMITED (PLAINTIFF) vs. MARKET DIRECT COMPANY LIMITED& ORS (DEFENDANTS) MR. ERIC NANA NIPAH AND MR. VISH ASHIAGBOR (JOINT RECEIVERS/ MANAGERS/APPLICANTS/RESPONDENTS) CAL BANK LIMITED (RESPONDENT/APPLICANT)

On the 15th April, 2019 this Court ordered the Respondent/Applicant herein Cal Bank Ghana Limited to account and retire funds to the Receivers/Managers of Market Direct Company Limited, the 1st Defendant herein. Not satisfied with the decision of the court, the Respondent/Applicant has brought the present application for the suspension of the order made on the 15th April, 2019, after lodging an appeal against the said decision. I have read the application and the supporting affidavit. I have also read the affidavit in opposition. I have given consideration to the oral submissions made by both Counsel for and against the grant of the application. I must say that the present application seeks to invoke the inherent power of the Court to suspend its lawful orders. For a Court to however, suspend its orders, the Applicant must establish to the satisfaction of the Court the existence of special or exceptional circumstances warranting the suspension of the order. And to re-echo what the Su...