TRICON AUTO TRADING CO. LTD (PETITIONER) vs. GOCREST SECURITY SERVICE LIMITED (DEFENDANT) [2018]DLHC7309

TRICON AUTO TRADING CO. LTD (PETITIONER) vs. GOCREST SECURITY SERVICE LIMITED (D... [2018]DLHC7309

Date	2018-10-18
Suit No.	SUIT NO. MISC/0129/2017
Citation No.	[2018]DLHC7309

HIS LORDSHIP GEORGE K. KOOMSON (J).

CHARLES BENTUM FOR PETITIONER

BRIGHT AKWETEY FOR RESPONDENT

[2018]DLHC7309
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													<main id="main" class="content" style="min-height: 60rem" >TRICON AUTO TRADING CO.
LTD<o:p></o:p>(PETITIONER)<o:p></o:p>vs.<o:p></o:p>GOCREST SECURITY SERVICE
LIMITED<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH COURT (COMMERCIAL
DIVISION), ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

SUIT
NO. MISC/0129/2017&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:
18TH OCTOBER, 2018<o:p></o:p>

</div>COUNSEL: <o:p></o:p>CHARLES BENTUM FOR
PETITIONER<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

BRIGHT
AKWETEY FOR RESPONDENT <o:p></o:p>

</div>CORAM:<o:p></o:p>HIS LORDSHIP GEORGE K.
KOOMSON (J).<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none;
padding:1.0pt 0in 1.0pt 0in">

<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 1.0pt 0in">JUDGMENT<o:p></o:p>

</div>This
is an originating process filed by the Petitioner under the Bodies Corporate<o:p></o:p>(Official
Liquidations) Act, 1963, 1963 (ACT 180). The Section 4 (1) provides:<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; “4
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) The Registrar or any person who
is,<o:p></o:p><p class="MsoListParagraphCxSpFirst" style="margin-top:0in;margin-right:0in;
margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;mso-add-space:auto;
text-align:justify;text-indent:-.25in;line-height:115%;mso-list:l0 level1 lfo1"><span lang="EN-GB" style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">(a)&nbsp;&nbsp;&nbsp; a
Creditor of the company<o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-top:0in;margin-right:0in;
margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;mso-add-space:auto;
text-align:justify;text-indent:-.25in;line-height:115%;mso-list:l0 level1 lfo1"><span lang="EN-GB" style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">(b)&nbsp;&nbsp;&nbsp; a
member or contributory of the company, or<o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-top:0in;margin-right:0in;
margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;mso-add-space:auto;
text-align:justify;text-indent:-.25in;line-height:115%;mso-list:l0 level1 lfo1"><span lang="EN-GB" style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">(c)&nbsp;&nbsp;&nbsp; the
Attorney-General, but on the grounds specified in paragraph (c) of this
Section,<o:p></o:p>may present a petition to the Court for
the official winding up of the Company.<o:p></o:p>(2) &nbsp;The Court may order the official winding up of
a company on such<o:p></o:p>petition where,<o:p></o:p>(d) the company is unable to pay its
debts.<o:p></o:p>The Subsection (3) of Section 4 of the
Act 180 further provides:<o:p></o:p>(</main>