"The Companies and Allied Matters Act by section 78 makes a provision as how to serve documents generally or any company registered under it. By this, a court process is...
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"The courts have held that such dispute must be genuine, not a sham but a real one based on substantial grounds."
"Care and utmost caution must be exercised by the institution of justice in proceedings involving the termination of the life of a company with responsibility not only to the society...
"The petition for winding-up of a company for inability to pay debt or insolvency is not to be treated like a claim for the payment of debt. As mentioned above...
"The appellant has put up a plausible defence to the action in that he has a serious counter-claim and because it believes that the respondent/petitioner was liable to it on...
"In a case where the debt is not paid within the time allowed and the debt is bona fide disputed, a winding-up order may not be made. In such a...
"It follows from the foregoing that it is possible for a respondent to a petition for winding-up to dispute the petition by bona fide challenging the debt or its being...
"Section 408 of the Companies and Allied Matters Act, Cap. 59 of the Laws of the Federation of Nigeria, 1990 provides inter alia that a company may be wound-up by...
"A winding-up order will not be made on a debt which is disputed in good faith by the company."
"In view of that agency relationship created by law, it seems to me clear that by the agency relationship so created with its principal, the Commercial Bank (Credit Lyonnais Nigeria)...
"A receiver or manager of the property of a company appointed in accordance with the provisions of subsection (1) of section 390 of this Act, may apply to the court...
"A receiver or manager of any property or undertaking of a company appointed out of a court under a power contained in any instrument shall, subject to section 393 of...