NDK FINANCIAL SERVICES LTD. vs. FIRSTBANC FINANCIAL SERVICES LTD. [2019]DLHC17431

Date	2019-11-26
Suit No.	SUIT NO. CM/MISC/0110/2020
Citation No.	[2019]DLHC17431

HIS LORDSHIP JUSTICE ERIC KYEI BAFFOUR

NANA YAW NTRAKWAH

PAULINA AKOSUA DANSO

SAMUEL OSEI SARPONG

[2019]DLHC17431
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													<main id="main" class="content" style="min-height: 60rem" >NDK FINANCIAL SERVICES LTD.<o:p></o:p>(PETITIONER/RESPONDENT)<o:p></o:p>vs.<o:p></o:p>FIRSTBANC FINANCIAL SERVICES LTD.<o:p></o:p>(RESPONDENT/APPLICANT)<o:p></o:p>[HIGH
COURT, ACCRA]<o:p></o:p>&nbsp;<div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt; margin-left: 0cm; margin-right: 38pt;">

<a name="_heading=h.gjdgxs"></a>SUIT NO. CM/MISC/0110/2020&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DATE: 26TH
&nbsp;NOVEMBER, 2019<o:p></o:p>

</div>COUNSEL&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;&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; <o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt; margin-left: 0cm; margin-right: 38pt;">

<p class="MsoNormal" style="text-align:justify;tab-stops:96.25pt center 244.25pt left 267.0pt 318.75pt 415.5pt;
border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;
mso-padding-alt:0cm 0cm 1.0pt 0cm">NANA YAW NTRAKWAH
WITH PAULINA AKOSUA DANSO FOR PETITIONER/RESPONDENT AGBESI KWADZO DZAKPASU WITH
SAMUEL OSEI SARPONG FOR RESPONDENT/APPLICANT<o:p></o:p>

</div>CORAM&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; <o:p></o:p>HIS LORDSHIP JUSTICE ERIC KYEI BAFFOUR<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: windowtext; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: windowtext; border-right: none; padding: 1pt 0cm; margin-left: 0cm; margin-right: 38pt;">

<p class="MsoNormal" align="center" style="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:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div>Respondent/Applicant,
FirstBanc Financial Services Ltd. (hereinafter referred to Firstbanc) has
raised by this application an interesting legal question as to the form that a petition
to the court for the liquidation of a company should take under the Bodies Corporate
(Official Liquidations) Act, 1963,Act 180. The Petitioner/Respondent
(hereinafter referred to as NDK) has filed processes seeking to liquidate
Firstbanc under Act 180 and failing to caption the process it has initiated, it
reads as follows:<o:p></o:p>&nbsp;“Take Notice that this
honourable court will be moved by counsel for and on behalf of the Petitioner
herein, praying this honourable court for an order for the official winding up
of the Respondent pursuant to section 4 of the Bodies Corporate (Official Liquidations)
Act, 1963, Act 180 …”<o:p></o:p>&nbsp;NDK
then adds a petition which conforms to the form that a petition for divorce
usually takes which accompanied the application with an affidavit in
verification but added documents attached as exhibits. It is the view of
Dzakpasu, Esq. by his application filed impugning the process that NDK cannot
purport to liquidate a company under Act 180 by the adoption of the procedure
that it has approached the court with an affidavit and attached documents. That
a company cannot be liquidated by a summary process as a way of sounding the
death knell to Firstbanc. And in that respect the process initiated by NDK is
incompetent and same ought to be struck out as such.<o:p></o:p>&nbsp;NDK
has opposed the application and maintained that the process filed to liquidate
Firstbanc is a petition in conformity with the procedure for the liquidation of
a company under Act 180. And that the procedure spelt out under
Order 65 of the High Court (Civil Procedure) Rules, 2004, C. I. 47 is
specifically in relations to Matrimonial
causes under the Matrimonial Causes Act, Act 367 and cannot be so generalised
as the form to be employed and the procedure to adopt in relations to any other
enactment that demands the use of petition as a method of approaching the court.<o:p></o:p>&nbsp;Nana Yaw Ntrakwah, Esq. in his submissions further rely on Palmer’s Company Law, Volume 7 where the form that a
petition for a winding up should take has been spelt out in relations to
companies. He further finds support in the work ‘Civil Procedure Precedents’ by Daniel Kofi Opoku-Agyemang wherein
the author at page twelve of the book deals with winding up of a company by way
of petition to the High Court and the
procedure spelt out in the book is not dissimilar to the one adopted by NDK
before the court. Learned counsel for NDK accordingly concludes that the
application for the dismissal of the petition lacks merit and same ought to be
dismissed.<o:p></o:p>&nbsp;There
is no doubt that the comm</main>