PENKENDON COMPANY LIMITED, PENKENDON WOOD PRODUCTS LTD. AND MRS. GEORGINA ACQUAH vs. CAL BANK LIMITED, SHADCO VENTURES LIMITED, SAMIR SAID EL MASIRI AND EKOW KUM AMUA-SEKYI [2015]DLCA8318

PENKENDON COMPANY LIMITED, PENKENDON WOOD PRODUCTS LTD. AND MRS. GEORGINA ACQUAH... [2015]DLCA8318

Date	2015-11-19
Suit No.	CIVIL APPEAL NO. H1/137/2015
Citation No.	[2015]DLCA8318

MARIAMA OWUSU J.A (PRESIDING)

K. N. ADUAMA OSEI J.A

I.O. TANKO AMADU J.A

LADY EILEEN ERSKINE - (FOR THE 2ND 3RD AND 4TH APPELLANTS)

MR. LESLIE ANIM - (FOR THE PLAINTIFFS/RESPONDENTS)

MR. EMMANUEL AKUFFO - (FOR THE 1ST DEFENDANT/RESPONDENT).

[2015]DLCA8318
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													<main id="main" class="content" style="min-height: 60rem" >PENKENDON COMPANY LIMITED,
PENKENDON WOOD PRODUCTS LTD. AND MRS. GEORGINA ACQUAH<o:p></o:p>(PLAINTIFFS/RESPONDENTS)<o:p></o:p><span lang="EN-US" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
color:#00B0F0">vs.<o:p></o:p>CAL BANK LIMITED, SHADCO
VENTURES LIMITED, SAMIR SAID EL MASIRI AND EKOW KUM AMUA-SEKYI<o:p></o:p>(DEFENDANTS/APPELLANTS)<o:p></o:p><o:p>&nbsp;</o:p>[COURT OF APPEAL, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

CIVIL APPEAL NO. H1/137/2015&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE: 19TH NOV, 2015<o:p></o:p>

</div>COUNSEL:<o:p></o:p>LADY EILEEN ERSKINE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
- (FOR THE 2ND, 3RD AND 4TH APPELLANTS)<o:p></o:p>MR. LESLIE ANIM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - (FOR THE
PLAINTIFFS/RESPONDENTS)<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

MR.&nbsp; EMMANUEL AKUFFO - (FOR THE 1ST
DEFENDANT/RESPONDENT).<o:p></o:p>

</div>CORAM:<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

MARIAMA
OWUSU J.A (PRESIDING), K. N. ADUAMA OSEI J.A, I.O. TANKO AMADU J.A<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>

</div>TANKO AMADU J.A<o:p></o:p>(1) The
key issues arising from this appeal are not novel in our jurisprudence.&nbsp; They are primarily legal and procedural as
they relate to the application of provisions of the Companies (Act 1963) Act
179 on corporate governance and the High Court (Civil Procedure) Rules 2004
C.I.47. In order that there will be a better appreciation of issues it is important
to set out the factual background to the appeal in some detail.<o:p></o:p><o:p>&nbsp;</o:p>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
By writ issued from the High
Court Accra, the Plaintiffs/ Respondents, (hereinafter referred to as “the Respondents”), sought the following reliefs against the Defendants jointly and
severally (the 2nd, 3rd and 4th of whom shall
hereinafter be referred to as “the
Appellants”).<o:p></o:p>“a)&nbsp; &nbsp;A
Declaration that Georgina Acquah the 3rd &nbsp;Plaintiff herein is by <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; virtue of Letters of Administration
granted &nbsp;by the High Court <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sekondi dated 23rd June
1997 shareholder and administrator of &nbsp;&nbsp;&nbsp;&nbsp;<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1st and 2nd
Plaintiff companies.<o:p></o:p><o:p>&nbsp;</o:p>b)&nbsp; A Declaration setting aside the purported
attachment and notice of <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; auction
of the 13.66 are land and sawmill thereon known as No.171 <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kansaworado by 1st Defendant herein
in satisfaction of a judgment <o:p></o:p>