THE REGISTRAR OF COMPANIES vs. NORDEA CAPITAL LIMITED [2020]DLCA9959

Date	2020-07-29
Suit No.	SUIT NO. CM/WBC/0283/2020
Citation No.	[2020]DLCA9959

HER LADYSHIP JUSTICE ANGELINA MENSAH-HOMIAH (MRS.)

GLORIA COFIE WITH EBO DANTSE FOR THE PETITIONER

ABDUL-GAFAR ABLORH ABORDO FOR FRANK BOAKYE AGYEN FOR THE RESPONDENT

[2020]DLCA9959
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													<main id="main" class="content" style="min-height: 60rem" >IN THE MATTER OF NORDEA CAPITAL&nbsp; LIMITED<o:p></o:p>AND<o:p></o:p>IN THE MATTER OF THE BODIES CORPORATE (OFFICIAL LIQUIDATIONS)
ACT, 1963 (ACT 180)<o:p></o:p>AND<o:p></o:p>IN THE MATTER OF A PETITION BY THE REGISTRAR OF COMPANIES
PRAYING FOR AN ORDER FOR THE OFFICIAL WINDING UP OF INTERMARKET ASSET
MANAGEMENT LIMITED<o:p></o:p>&nbsp;THE REGISTRAR OF COMPANIES<o:p></o:p>(PETITIONER)<o:p></o:p>vs.<o:p></o:p>NORDEA CAPITAL&nbsp; LIMITED<span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-bidi-font-family:Calibri;
mso-bidi-theme-font:minor-latin;color:#00B0F0"><o:p></o:p>(RESPONDENT)<o:p></o:p>[HIGH COURT,
ACCRA]<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;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. CM/WBC/0283/2020 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:
29THJULY, 2020<o:p></o:p>

</div>COUNSEL:<o:p></o:p>GLORIA COFIE WITH EBO DANTSE FOR THE
PETITIONER <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;">

ABDUL-GAFAR ABLORH ABORDO FOR FRANK BOAKYE AGYEN FOR THE
RESPONDENT <o:p></o:p>

</div>CORAM:<o:p></o:p>HER LADYSHIP JUSTICE ANGELINA MENSAH-HOMIAH (MRS.)<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;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:150%;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>Section 170 of
the Corporate Insolvency and Restructuring Act, 2020 (Act 1015) provides
that:<o:p></o:p>“1.
The Bodies Corporate (Official Liquidations) Act, 1963 (Act 180) is repealed.<o:p></o:p>&nbsp; 2.
Despite the repeal of Act 180, the Regulations, notices, orders, directions,
appointments or any other act lawfully made or done under the repealed
enactment and in force immediately before the commencement of this Act shall be
considered to have been made or done under this Act and shall continue to have
effect until reviewed, cancelled or terminated.”<o:p></o:p>It is also
provided under Section 4 (1), 4 (2) (d) and 4 (3) of the Bodies Corporate
(Official Liquidations) Act, 1963 (Act 180) that:<o:p></o:p>(1) The Registrar or any other person
who is <o:p></o:p>(a) a creditor of the company, <o:p></o:p>