Locus standi of company in receivership

Related decisions

• OLUYORI BOTTLING INDUSTRY LIMITED V. UNION BANK OF NIGERIA ( (2008)→

  Court

  Court of Appeal, Ilorin Division

  Judgment date

  12 March 2008

  Summary of the Oluyori Bottling Industry Ltd v. Union Bank of Nigeria appeal, analysing the court's findings regarding receivership and locus standi.

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  14

  • Abuse of court process→
  • Issue estoppel→
  • Preliminary objection→
  • appellate remittal for trial on the merits→
  • appointment of receiver→
  • challenge to receiver’s appointment→
  • companies and allied matters act 2004, sections 393(4) and 422(9)→
  • company legal personality during receivership→

• WEMA BANK PLC V. UNION BANK OF NIGERIA PLC (2004)→

  Court

  Court of Appeal (Abuja Division)

  Judgment date

  10 May 2004

  A detailed summary of the case Wema Bank Plc v. Union Bank of Nigeria Plc discussing jurisdiction, receivership, and legal principles.

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  16

  • Court jurisdiction→
  • Interlocutory injunction→
  • Preliminary objection→
  • Receivership→
  • appeal dismissed→
  • appointment of receiver/manager→
  • companies and allied matters act 1990, sections 392(1), 396(1)(a), 397(1)–(2)→
  • constitutional right of access to court→