A Federal High Court in Lagos on Wednesday fixed February 26 to deliver ruling in a preliminary objection raised in a suit seeking the winding up of the sponsors of the Big Brother Naija show, Payporte Global System Limited.
Justice Ayokunle Faji fixed the date for ruling after counsel to all parties to the suit moved their respective applications before the court.
The petitioner, Vacant Board, filed a debt recovery suit against Payporte before a Lagos High Court in 2015.
The Court had in its judgment delivered on May 27, 2016 awarded the sum of N23.1 million against Payporte in favour of the petitioner.
The petitioner, however, contended that on Febraury 27, 2017, the respondent made a part payment of N5 million, leaving a balance of N17.1 million, which it has failed to liquidate till date, in spite of several letters of demand.
It, therefore, filed a winding up petition before the Federal High Court on December 29, 2017 asking it to wind up the company.
When the case was called on Wednesday, Yemi Fajuyitan announced appearance for the plaintiff, while Voke Borlokor appeared for the respondent.
Respondent counsel then first moved his application for extension of time to regularise his court processes.
He also moved his preliminary objection to the winding up application by the plaintiff.
On his part, plaintiff counsel moved his counter affidavit to the preliminary objection by the respondent, while the respondent counsel in turn moved his reply on points of law to the counter affidavit of plaintiff.
In its notice of preliminary objection, the respondent is challenging the jurisdiction of the court to entertain or even hear the petition.
Respondent counsel contended that the said petition for winding up failed to comply with the provisions of sections 5 and 6 of the Companies Winding-Up Rules, 2001.
He argued that no summons was filed by the petitioner, issued or sealed in respect of the said petition, adding that the failure rendered the petition null and void.
He said a failure of the petitioner to file and serve the summons before the commencement of the winding up suit, robes the honourable court of jurisdiction to hear the suit.
He added that as a result, the court’s jurisdiction cannot be competently activated in the petition as presently constituted.
Payporte also contended that the court lacks jurisdiction to entertain the petitioner’s suit, as same is defective, bad in law, null and void, and an abuse of court process.
It urged that the winding up suit be dismissed, with substantial cost awarded against the petitioner.