THE IMPORTANCE OF PROCEDURAL COMPLIANCE IN WINDING UP PETITIONS: A CASE REVIEW OF HEIRS HOLDING V AFRINVEST.
In the realm of Company Law, the process of Winding Up a company is a critical and structured procedure designed to ensure that the rights of creditors and shareholders are safeguarded. The case of Heirs Holding v Afrinvest highlights the importance of adhering to the procedural requirements set out in the Winding Up Rules 2001. One […]
Understanding Receivership and the Sale of Property under Mortgage: A Case Analysis of Temple Mills Ltd v Abdul Malik Ora Ebunike & Ors.
Receivership, as a critical component of company law, often brings into focus the delicate balance between creditor rights and debtor obligations. In the notable case of Temple Mills Ltd v Abdul Malik Ora Ebunike & 2 Ors, this balance was tested when Temple Mills Ltd (the Plaintiff), having defaulted on a facility obtained from Equitorial Trust […]
Corporate Insolvency in Nigeria: Key Takeaways from Ekele Services Ltd v. Options Securities Ltd
The case of Ekele Services Ltd v. Options Securities Ltd highlights a significant development in corporate insolvency law in Nigeria. The Petitioner, Ekele Services Ltd, filed a winding-up petition against the Respondent, Options Securities Ltd, citing the latter’s failure to settle outstanding debts owed to the Petitioner. The matter was heard before the Federal High Court, Lagos […]