THE REGISTRAR OF COMPANIES vs. DOWJAYS INVESTMENT LTD [2022]DLHC11452

Date	2022-05-09
Suit No.	SUIT NO. CM/WBC/0169/2021
Citation No.	[2022]DLHC11452

HIS LORDSHIP FRANCIS OBIRI ‘J’.

GLORIA COFIE FOR THE PETITIONER

FRANK BOAKYE AGYEN FOR RESPONDENT

[2022]DLHC11452
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													<main id="main" class="content" style="min-height: 60rem" >IN THE MATTER OF DOWJAYS INVESTMENT LIMITED<o:p></o:p>&nbsp;AND<o:p></o:p>&nbsp;IN
THE MATTER OF THE CORPORATE INSOLVENCY AND RESTRUCTURING ACT, 2020 (ACT 1015)
AS AMENDED BY THE CORPORATE INSOLVENCY AND RESTRUCTURING (AMENDMENT) ACT 2020,
(ACT1031)<o:p></o:p>&nbsp;AND<o:p></o:p>&nbsp;IN
THE MATTER A PETITION BY THE REGISTRAR GENERAL OF COMPANIES PRAYING FOR AN
ORDER FOR THE WINDING UP OF DOWJAYS INVESTMENTS LIMITED<o:p></o:p>&nbsp;&nbsp;THE
REGISTRAR OF COMPANIES<o:p></o:p>(PETITIONER)<o:p></o:p>vs.<o:p></o:p>DOWJAYS
INVESTMENT LTD<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;">

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>GLORIA COFIE 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;">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:150%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">FRANK BOAKYE AGYEN
FOR RESPONDENT <o:p></o:p>

</div>CORAM:<o:p></o:p>HIS LORDSHIP
FRANCIS OBIRI ‘J’.<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">JUDGMENT<o:p></o:p>

</div>&nbsp;On 27th November, 2020, the
Registrar of Companies (hereinafter called the Petitioner filed a petition before
this Court for the official winding up of Dowjays Investment Fund (hereinafter
called the Respondent).<o:p></o:p>I wish to quote the relevant paragraphs of the petition
in this judgment.<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company was incorporated on 18th
November, 2015 and was licenced by the Securities and Exchange Commission
(Commission) on 16th November, 2016 to operate as Fund Management
Company.<o:p></o:p>