EM CAPITAL PARTNERS vs. ECOSAFE GHANA LIMITED & ANOR OFFICIAL LIQUIDATOR [2020]DLHC10539

Date	2020-06-29
Suit No.	SUIT NO. AC/662/2015
Citation No.	[2020]DLHC10539

KWEKU T. ACKAAH-BOAFO J

MR. EDEM NUHOHO H/B OF NAA ODOFOLEY NORTEY FOR APPLICANT -PRESENT

MR. GEORGE BEKAI FOR THE INTERESTED PARTY – PRESENT

[2020]DLHC10539
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													<main id="main" class="content" style="min-height: 60rem" >EM CAPITAL PARTNERS<o:p></o:p>(PLAINTIFF/J. CREDITOR)<o:p></o:p>vs.<o:p></o:p>ECOSAFE GHANA LIMITED
&amp; ANOR<o:p></o:p>(DEFANDANTS/APPLICANT)<o:p></o:p>OFFICIAL LIQUIDATOR<o:p></o:p>(INTERESTED PARTY/RESP’DENT)<o:p></o:p><span lang="EN-GB" style="font-size:10.0pt;line-height:115%;
font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:Calibri;mso-bidi-font-family:
&quot;Times New Roman&quot;;mso-ansi-language:EN-GB">[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;">

MR.
GEORGE BEKAI FOR THE INTERESTED PARTY – PRESENT<o:p></o:p>

</div>Motion
to Set Aside Order - Ruling&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>&nbsp;i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Introduction/Overview:<o:p></o:p><p style="margin: 0cm 0cm 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">[1]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This
application is another episode in the continuing legal drama between the
Applicants/Judgment Debtors and the Plaintiff/Judgment Creditor, and now the Official
Liquidator as the Interested Party. This legal battle was commenced sometime in
2015 by the Plaintiff against the Defendants. Since that time, the Applicants
and the Plaintiff/Judgment Creditor have been engaged in this litigation which
has produced many applications and rulings including two Interpleader
proceedings filed by Mrs. Selina Fatima Owusu, the spouse of the 2nd Defendant
and Barclays Bank Ghana Limited. The result of the long litigation undoubtedly
led to the mounting debts of the Plaintiff Company which is now in liquidation.
The Interested Party/Respondent herein has been appointed the official
liquidator as a result. Further to an application filed on May 16, 2019 for an
order directed at the Registrar to deliver to the Liquidator the properties
seized in execution of the judgment debt, including the residential property,
which was the subject matter of the interpleader, this Court on July 8, 2019
granted the order. The granting of that order is the subject matter of the
instant application.<o:p></o:p><p style="margin: 0cm 0cm 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Impugned Application &amp; Order:<o:p></o:p><p style="margin: 0cm 0cm 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">[2]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I note that the application which was
granted by the Court was for “an order for the release of properties to the
Official Liquidator, Section 16 of Bodies Corporate (official Liquidation) Act
1963 Act 180”. In the affidavit in support of the application the Respondent
herein recalled the history of the case between the Applicant herein and the
Plaintiff and the judgment entered in favour of the Plaintiff on July 13, 2015.
Reference was also made to the attachment of two properties of the Applicants
namely, “residential property situate at Airport West, Osu Badu Street,
Opposite Malaysia Embassy, Accra, and commercial property situate at Light
Industrial Area, Tema”. It was also deposed that “pursuant to an application
for reserved price by the Plaintiff/Judgment Creditor, the Court ordered the
properties to be sold as follows; GH¢9.4 Million for the residential property and GH¢
5,466,295.00 for the commercial property, pursuant to ruling contained in the
Inter Pleader proceedings” which involved Barclays Bank Ghana Limited.<o:p></o:p><p style="margin: 0cm 0cm 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;