IN THE MATTER OF A PETITION BY GLENCORE ENRGY UK LIMITED, A CREDITOR FOR THE OFFICIAL WINGING UP OF HASK OIL COMPANY LIMITED UNDER SECTION 4 OF THE BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT, 1963 (ACT 180) AND IN THE MATTER OF SECTION 4 OF THE BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT, 1963 (ACT 180) BETWEEN GLENCORE ENERGY UK LIMITED (PETITIONER/APPLICANT) AND HASK OIL COMAPY LIMITED (RESPONDENT/RESPONDENT) [2019]DLHC7167

IN THE MATTER OF A PETITION BY GLENCORE ENRGY UK LIMITED, A CREDITOR FOR THE OFF... [2019]DLHC7167

Date	2019-02-26
Suit No.	SUIT NO: MISC/0045/2017
Citation No.	[2019]DLHC7167

HIS LORDSHIP GEORGE K. KOOMSON ‘J’.

PHOEBE ARDE ACQUAH FOR KIMATHI KUENYEHIA FOR PETITIONER

SAMUEL K. KYERE FOR RESPONDENT

[2019]DLHC7167
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													<main id="main" class="content" style="min-height: 60rem" >IN THE MATTER OF A
PETITION BY GLENCORE ENRGY UK LIMITED, A CREDITOR FOR THE OFFICIAL WINGING UP
OF HASK OIL COMPANY LIMITED UNDER SECTION 4 OF THE BODIES CORPORATE (OFFICIAL
LIQUIDATIONS) ACT, 1963 (ACT 180)<o:p></o:p>AND<o:p></o:p>IN THE MATTER OF SECTION
4 OF THE BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT, 1963 (ACT 180)<o:p></o:p>BETWEEN<o:p></o:p>GLENCORE ENERGY UK
LIMITED<o:p></o:p>(PETITIONER/APPLICANT)<o:p></o:p>AND<o:p></o:p>HASK OIL COMAPY LIMITED<o:p></o:p>(RESPONDENT/RESPONDENT)<o:p></o:p><o:p>&nbsp;</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/0045/2017&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; &nbsp;DATE: 26TH
FEBRUARY, 2019<o:p></o:p>

</div>COUNSEL: <o:p></o:p>PHOEBE ARDE ACQUAH FOR
KIMATHI KUENYEHIA 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">

SAMUEL
K. KYERE 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;
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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">RULING<o:p></o:p>

</div>On the 16th
March, 2017,the Petitioner in this case filed the present petition for the
official liquidation of the Respondent Company under Section 4 of the Bodies
Corporate (Official Liquidations) Act, 1963 (Act 180).<o:p></o:p>The Respondent
filed an answer to the petition on the 21st April, 2017. Subsequently,
the Petitioner filed a reply to the Respondent’s answer to the petition on the
4th May, 2017.&nbsp; On the 12th
November, 2018, the Petitioner filed an application for leave to amend the
petition by revising the storage costs stated in the affidavit from
USD95,700.00 to USD66,000.00 and further to revise the total quantum of the
debt from USD535,587.50 to USD505,887.50.<o:p></o:p>It is observed
that prior to the said application for leave to amend, the Respondent had on
the 29th September, 2017, filed a notice to produce certain
documents, namely; a copy of the hedging contract the Petitioner entered into
on the transaction; a copy of the storage contract on the storage of the
products on behalf of Respondents; copies of the invoices and evidence of
payments of the storage costs. It was on the 26th July, 2018 that
the Petitioner filed a notice to inspect the following documents:<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The witness statement of Lionel
Crivelli dated 29th June, 2018 explaining the hedging arrangement
and the calculation of Glencore Energy UK Limited’s loss on the gasoil
contract.<o:p></o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The witness statement of Antonios
Lonpasis dated 7th June, 2018 explaining the hedging arrangements
and the calculation of Glencore’s loss on the gasoline contract.<o:p></o:p>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A copy of Glencore’s storage invoice
with Tema Fuel Company Limited evidencing storage expenses incurred by
Glencore;<o:p></o:p>