Sponsors of the 2018 Big Brother Naija Show, Payporte
Global System Ltd., has asked a Federal High Court in Lagos to
dismiss a suit seeking its winding up.
The suit was filed by Vacant Boards Ltd.
In a notice of preliminary objection, Payporte contended that
the court lacked jurisdiction to entertain the suit.
It described the suit as defective, null, void and an abuse of
court process.
Payporte prayed the court to dismiss the winding up suit with a
substantial cost against the petitioner.
The petitioner had in 2015 filed a debt recovery suit against
Payporte before the court.
In a judgment delivered on May 27, 2016, the court awarded the
sum of N23.1 million against Payporte in favour of Vacant
Boards.
The petitioner, however, submitted that on Feb. 27, 2017,
Payporte made a part payment of N5 million, leaving a balance of
N17.1 million which it had yet to liquidate in spite of demand
letters.
It consequently filed a suit on Dec. 29, 2017, asking the court
to order winding up of Payporte.
However, in the notice of preliminary objection on Wednesday,
Payporte argued that the petition for winding up did not comply
with the provisions of Sections 5 and 6 of the Companies Winding-Up
Rules, 2001.
Payporte’s lead counsel, Mr Ogedi Ogu, informed the court of the
notice of preliminary objection.
He also said that he had been served with a counter-affidavit by
the petitioner, and would need time to respond to it.
Justice Ayokunle Faji adjourned the case until June 12 for
hearing.
Sponsors of the 2018 Big Brother Naija Show, Payporte
Global System Ltd., has asked a Federal High Court in Lagos to
dismiss a suit seeking its winding up.
The suit was filed by Vacant Boards Ltd.
In a notice of preliminary objection, Payporte contended that
the court lacked jurisdiction to entertain the suit.
It described the suit as defective, null, void and an abuse of
court process.
Payporte prayed the court to dismiss the winding up suit with a
substantial cost against the petitioner.
The petitioner had in 2015 filed a debt recovery suit against
Payporte before the court.
In a judgment delivered on May 27, 2016, the court awarded the
sum of N23.1 million against Payporte in favour of Vacant
Boards.
The petitioner, however, submitted that on Feb. 27, 2017,
Payporte made a part payment of N5 million, leaving a balance of
N17.1 million which it had yet to liquidate in spite of demand
letters.
It consequently filed a suit on Dec. 29, 2017, asking the court
to order winding up of Payporte.
However, in the notice of preliminary objection on Wednesday,
Payporte argued that the petition for winding up did not comply
with the provisions of Sections 5 and 6 of the Companies Winding-Up
Rules, 2001.
Payporte’s lead counsel, Mr Ogedi Ogu, informed the court of the
notice of preliminary objection.
He also said that he had been served with a counter-affidavit by
the petitioner, and would need time to respond to it.
Justice Ayokunle Faji adjourned the case until June 12 for
hearing.
Read more https://nairalaw.com/bbnaija-sponsors-ask-court-to-dismiss-winding-up-suit/