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\levelspace0\levelindent0{\leveltext\leveltemplateid336134171\'02\'02.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-180\li2940\lin2940 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\lvltentative\levelspace0
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{\leveltext\leveltemplateid336134169\'02\'04.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-360\li4380\lin4380 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0{\leveltext
\leveltemplateid336134171\'02\'05.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-180\li5100\lin5100 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0{\leveltext
\leveltemplateid336134159\'02\'06.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-360\li5820\lin5820 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0{\leveltext
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\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \insrsid15819062 \chftnsep 
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\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \insrsid15819062 \chftnsepc 
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\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \insrsid15819062 \chftnsepc 
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\rtlch\fcs1 \af31507 \ltrch\fcs0 \insrsid214086 \hich\af31506\dbch\af31505\loch\f31506  PAGE   \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \af31507 \ltrch\fcs0 \lang1024\langfe1024\noproof\insrsid8799973 \hich\af31506\dbch\af31505\loch\f31506 1}}}
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\par }}{\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}
{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8
\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \ltrpar\ql \li0\ri0\sa200\sl276\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid139618 \hich\af277\dbch\af31505\loch\f277 IN THE HIGH COURT OF FIJI AT LAUTOKA
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid5703770 \hich\af277\dbch\af31505\loch\f277 APPELLATE }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid5703770\charrsid139618 \hich\af277\dbch\af31505\loch\f277 JURISDICTION}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid139618 
\par }\pard \ltrpar\qc \fi1080\li2880\ri0\sa200\sl276\slmult1\widctlpar\tx3600\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin2880\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 BANKRUPTCY AND WINDING UP CAUSE
\par }\pard \ltrpar\qr \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050 \tab \tab \tab \tab \tab }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid139618 \hich\af277\dbch\af31505\loch\f277 No. 28 of 2014
\par }\pard \ltrpar\qj \fi-3969\li3969\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin3969\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \tab }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid139618 \hich\af277\dbch\af31505\loch\f277 IN THE MATTER}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid4851021 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 of }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid139618 \hich\af277\dbch\af31505\loch\f277 FORTUNE 8 LIMITED}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  a limited }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid133798 \hich\af277\dbch\af31505\loch\f277 liability }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 company having its registered office at Level 3, Aliz Center, Martin}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid13651545 \hich\af277\dbch\af31505\loch\f277 t}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ar, Nadi}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid13651545 .}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid10321050\charrsid11603969 \hich\af277\dbch\af31506\loch\f277 -\tab}}\pard\plain \ltrpar\s15\qj \fi-360\li5100\ri0\sa200\sl276\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin5100\itap0\pararsid10321050\contextualspace \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 \f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 {\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid11603969 A N D}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid13651545  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid13651545\charrsid13651545 -}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid11603969 
\par }\pard\plain \ltrpar\qj \fi-9\li3969\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin3969\itap0\pararsid10321050 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid139618 \hich\af277\dbch\af31505\loch\f277 IN THE MATTER OF THE }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 COMPANIES ACT
\par }\pard \ltrpar\ql \fi-228\li3828\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin3828\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 
\par 
\par }\pard \ltrpar\ql \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 Counsel\tab 
\tab \tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid133798 \hich\af277\dbch\af31505\loch\f277 :}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid5326896 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid814258 \hich\af277\dbch\af31505\loch\f277 Mr John Connors for petitioner}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9831556 \tab \tab \tab \tab \hich\af277\dbch\af31505\loch\f277 : }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5326896 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9831556 \hich\af277\dbch\af31505\loch\f277 Mr I}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1801525 .}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9831556 
\hich\af277\dbch\af31505\loch\f277  Fa for}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  respondent
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid814258 \hich\af277\dbch\af31505\loch\f277 Date of Hearing\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9831556 \tab \hich\af277\dbch\af31505\loch\f277 
: 11 May 2016}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid9831556 \hich\af277\dbch\af31505\loch\f277 Date of Judgment\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1801525 \hich\af277\dbch\af31505\loch\f277 : 18 May 2017}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  
\par 
\par }\pard \ltrpar\qc \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs48 \ltrch\fcs0 \b\f277\fs48\ul\insrsid9831556 \hich\af277\dbch\af31505\loch\f277 
J U D G M E N T}{\rtlch\fcs1 \af31507\afs48 \ltrch\fcs0 \b\f277\fs48\ul\insrsid10321050 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid2915704 \hich\af277\dbch\af31505\loch\f277 Introduction 
\par }\pard \ltrpar\qj \fi-540\li630\ri0\sa200\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 [}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 0}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 1}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9831556 
\hich\af277\dbch\af31505\loch\f277 ]}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \tab \hich\af277\dbch\af31505\loch\f277 This is an }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9831556 
\hich\af277\dbch\af31505\loch\f277 appeal, with leave being granted \hich\af277\dbch\af31505\loch\f277 by me,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid9831556 \hich\af277\dbch\af31505\loch\f277 against the Master\hich\f277 \rquote \loch\f277 s}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 \hich\af277\dbch\af31505\loch\f277 
 decision of 30 April 2015 where the learned Master made the following orders:}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15871304 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 \tab \tab }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15871304 
\par }\pard \ltrpar\qj \fi-630\li1350\ri720\sa200\sl360\slmult1\widctlpar\tx567\tx1350\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin1350\itap0\pararsid15871304 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15871304\charrsid10842284 
\loch\af277\dbch\af31505\hich\f277 \lquote \loch\f277 (1)\tab  I grant }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid5326896 \hich\af277\dbch\af31505\loch\f277 a }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15871304\charrsid10842284 
\hich\af277\dbch\af31505\loch\f277 stay against all proceedings in Winding Up cause 28 of 2014.
\par }\pard \ltrpar\qj \fi-540\li1260\ri720\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin1260\itap0\pararsid15871304 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15871304\charrsid10842284 
\hich\af277\dbch\af31505\loch\f277  (2) \tab }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid5326896 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15871304\charrsid10842284 \hich\af277\dbch\af31505\loch\f277 
I award costs against the }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid5326896 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15871304\charrsid10842284 \hich\af277\dbch\af31505\loch\f277 
etitioning creditor in the sum of \hich\af277\dbch\af31505\loch\f277 $1,500.00 (summarily assessed) which is to be paid within 14 days from the date hereof.\hich\f277 \rquote }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15871304 
\par }\pard \ltrpar\qj \fi-540\li630\ri0\sa200\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid14297431 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 [}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 0}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 2}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9831556 
\hich\af277\dbch\af31505\loch\f277 ]  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 \tab \hich\af277\dbch\af31505\loch\f277 
At the appeal hearing, both parties advanced their oral argument and they also tendered their respective written submissions. In addition the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5326896 \hich\af277\dbch\af31505\loch\f277 A}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 \hich\af277\dbch\af31505\loch\f277 ppellant ha}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12196841 \hich\af277\dbch\af31505\loch\f277 s fil\hich\af277\dbch\af31505\loch\f277 
ed its outline submissions in reply.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid14297431\charrsid1601808 \hich\af277\dbch\af31505\loch\f277 Grounds of Appeal}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\ul\insrsid14297431\charrsid1601808 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid14297431 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 \hich\af277\dbch\af31505\loch\f277 [}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 0}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 \hich\af277\dbch\af31505\loch\f277 3}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 ]   }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14297431 \tab \hich\af277\dbch\af31505\loch\f277 The appellant}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid16216998 
\hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1601808 \hich\af277\dbch\af31505\loch\f277 relies on}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid16216998 \hich\af277\dbch\af31505\loch\f277  six 
}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1601808 \hich\af277\dbch\af31505\loch\f277 (6) }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid16216998 \hich\af277\dbch\af31505\loch\f277 grounds of appeal, which includes:}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid16216998 
\par }\pard \ltrpar\qj \fi-450\li1170\ri864\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin864\lin1170\itap0\pararsid15619986 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15619986 
\hich\af277\dbch\af31505\loch\f277 i)\tab }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 \hich\af277\dbch\af31505\loch\f277 \hich\f277 That the Master erred in law and in fact when he entitled his ruling as an \'93\loch\f277 
\hich\f277 Extempore Ruling\'94\loch\f277  when the hearing took place \hich\af277\dbch\af31505\loch\f277 on 3}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\super\insrsid5326896\charrsid5326896 \hich\af277\dbch\af31505\loch\f277 rd}{\rtlch\fcs1 \af31507 
\ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 \hich\af277\dbch\af31505\loch\f277  March, 2015 and the ruling was delivered on 30}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\super\insrsid15619986\charrsid10309568 \hich\af277\dbch\af31505\loch\f277 th}
{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 \hich\af277\dbch\af31505\loch\f277  April, 2015.
\par }\pard \ltrpar\qj \fi-540\li1170\ri864\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin864\lin1170\itap0\pararsid15619986 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 
\hich\af277\dbch\af31505\loch\f277 ii)\tab That the Master erred in law when he held at paragraph 3 page 4 that }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid11409503 \hich\af277\dbch\af31505\loch\f277 O}{\rtlch\fcs1 \af31507 \ltrch\fcs0 
\i\f277\insrsid15619986\charrsid10309568 \hich\af277\dbch\af31505\loch\f277 rder 2 Rule 2 of the High Court Rules applied to a failure to comply with a legislative requirement.
\par }\pard \ltrpar\qj \fi-450\li1170\ri864\sa200\sl360\slmult1\widctlpar\tx567\tx1134\tx1170\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin864\lin1170\itap0\pararsid15619986 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 
\hich\af277\dbch\af31505\loch\f277 iii)\tab That \hich\af277\dbch\af31505\loch\f277 \hich\f277 the Master erred in law and fact when having found [paragraph 3 page 4] that \'93\loch\f277 \hich\f277 
it is manifest that the Respondent Company does not have legal standing under section 224 of the Companies Act for a stay of Winding-up proceedings\'94\loch\f277  he failed to dismiss the app\hich\af277\dbch\af31505\loch\f277 l
\hich\af277\dbch\af31505\loch\f277 ication.
\par }\pard \ltrpar\qj \fi-450\li1170\ri864\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin864\lin1170\itap0\pararsid15619986 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 
\hich\af277\dbch\af31505\loch\f277 iv)\tab That the Master erred in fact when he sated at paragraph 7 page 6 that no affidavit of service of }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid11409503 \tab \hich\af277\dbch\af31505\loch\f277 the }{
\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 \hich\af277\dbch\af31505\loch\f277 notice of demand sworn by Anwar Naseemud Dean is on }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986 \hich\af277\dbch\af31505\loch\f277 
file}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 \hich\af277\dbch\af31505\loch\f277  when it was filed on 9 April, 2015.
\par \hich\af277\dbch\af31505\loch\f277 v)\tab That the Master erred in fact when he states\hich\af277\dbch\af31505\loch\f277 \hich\f277  \'93\loch\f277 \hich\f277 
I am curious as to why the Petitioning creditor is refusing to provide the affidavit of service of the statutory demand Notice and the affidavit of \'93\loch\f277 \hich\f277 Anwar Naseemud Dean\'94\loch\f277 \hich\f277 
 deposing the service of the statutory demand.\'94\loch\f277  When he refused to allow it to be fi\hich\af277\dbch\af31505\loch\f277 l\hich\af277\dbch\af31505\loch\f277 ed in court and when it was filed on 9 April, 2015.
\par }\pard \ltrpar\qj \fi-540\li1170\ri864\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin864\lin1170\itap0\pararsid15619986 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid15619986\charrsid10309568 
\hich\af277\dbch\af31505\loch\f277 vi)\tab That the Master failed to take into considering relevant matters and took into account irrelevant matters when reaching his decision.
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid14297431 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid16216998 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1601808 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid16216998 \hich\af277\dbch\af31505\loch\f277 The Facts}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 [04}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15871304 \hich\af277\dbch\af31505\loch\f277 ]\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid16216998 \hich\af277\dbch\af31505\loch\f277 
Andalusia Limited (formally called Sonaisali Islan\hich\af277\dbch\af31505\loch\f277 d Resort Limited}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10235433 \hich\af277\dbch\af31505\loch\f277 )}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid16216998 \hich\af277\dbch\af31505\loch\f277 , the}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14831987 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 
\hich\af277\dbch\af31505\loch\f277 Appellant}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14831987 \hich\af277\dbch\af31505\loch\f277  filed a Writ }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 
\hich\af277\dbch\af31505\loch\f277 Action No.46}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14831987 \hich\af277\dbch\af31505\loch\f277  of 2013 against Fortune 8 Limited, }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 
\hich\af277\dbch\af31505\loch\f277 the}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401\charrsid2915704 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 
\hich\af277\dbch\af31505\loch\f277 Respondent}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14831987 \hich\af277\dbch\af31505\loch\f277  claiming}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2915704 
\hich\af277\dbch\af31505\loch\f277  damages for breach of contract by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10235433 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 
\hich\af277\dbch\af31505\loch\f277 espondent}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2915704 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401\charrsid2915704 
\hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2915704 .}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2915704 \hich\af277\dbch\af31505\loch\f277 The matter came before t}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14831987 \hich\af277\dbch\af31505\loch\f277 
he court for mention on 4 June }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2915704 \hich\af277\dbch\af31505\loch\f277 2014 when it was fixed for }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14831987 
\hich\af277\dbch\af31505\loch\f277 trial}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2915704 \hich\af277\dbch\af31505\loch\f277  o}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 
\hich\af277\dbch\af31505\loch\f277 n 6 August }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2915704 \hich\af277\dbch\af31505\loch\f277 2014 before Tuilevuka J.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid10321050 [}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid11016267 0}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\lang5129\langfe1033\langfenp1033\insrsid15933161 5}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid15871304 ]\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 
\hich\af277\dbch\af31505\loch\f277 On 6 August }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 2014}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10235433 ,}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10235433 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 espondent}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10955401\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277  did not appear}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid14831987 \hich\af277\dbch\af31505\loch\f277 . As such}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 trial}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277  proceeded in its absence after the court}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  being satisfied that}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 
 the solicitor on the record for the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10235433 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 espondent}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14831987 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277  was out of the country.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid10321050\charrsid7626762 [}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid11016267 0}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid15933161 6}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid11016267\charrsid7626762 ] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\lang5129\langfe1033\langfenp1033\insrsid11016267 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid10235433 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\lang5129\langfe1033\langfenp1033\insrsid11016267 ppellant}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid10321050\charrsid7626762  (}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\lang5129\langfe1033\langfenp1033\insrsid2632193 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\lang5129\langfe1033\langfenp1033\insrsid10321050\charrsid7626762 laintiff) gave }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 evidence before Tuilevuka J. which included the tendering of 33 documents evidencing the contract, its breach and the damages that flowed there}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 from.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 Tuilevuka J. fou}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 nd the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2632193 \hich\af277\dbch\af31505\loch\f277 D}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid7626762 \hich\af277\dbch\af31505\loch\f277 efendant\hich\f277 \rquote \loch\f277 s}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  (}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid2632193 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent\hich\f277 \rquote \loch\f277 
s) defence had no merit and gave judgment in favour of the petitioner in the sum of $229,408.69.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 [07}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2632193 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 esponde}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 nt sought to set aside the judg}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 ment obtained in its }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277   }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 absence.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 The application to set aside came before }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 me when sitting}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277  as }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3102184 \hich\af277\dbch\af31505\loch\f277 a }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 Master on 21 October }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 2014}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 . I then }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 hear}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 d}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 
 a preliminary issue that the application be struck out as it was filed out of time.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  On 3 }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 November }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 2014}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3102184 ,}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  I delivered my}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277  ruling}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 striking}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  out}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277  the application}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  as it had been}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277  filed out of time and therefore time ba\hich\af277\dbch\af31505\loch\f277 rred.  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }\pard \ltrpar\qj \fi-540\li540\ri0\sa200\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin540\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 [08}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11016267 \hich\af277\dbch\af31505\loch\f277 On 24 November }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 2014}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12090392 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 
\hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12090392 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 
\hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401\charrsid4945258 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid4945258 
\hich\af277\dbch\af31505\loch\f277  filed a Notice of Change of Solicitor and a Notice of Appeal.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid7893050 \hich\af277\dbch\af31505\loch\f277 The Notice of Appeal purported to be an appeal to the High Court from the decision of th}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14111807 
\hich\af277\dbch\af31505\loch\f277 e Master dated 3 November }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 2014 (my decision).
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 [09] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401\charrsid7893050 \hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 Respondent C}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401\charrsid7893050 \hich\af277\dbch\af31505\loch\f277 
ompany did not cause the Notice of Appeal to be called before the High Court.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 [10}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] In the interim, b}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12090392 \hich\af277\dbch\af31505\loch\f277 y summons dated 21 January}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7893050 \hich\af277\dbch\af31505\loch\f277  2015}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12090392 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7893050 \hich\af277\dbch\af31505\loch\f277  the Respon}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14111807 
\hich\af277\dbch\af31505\loch\f277 dent sought to stay the winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid7893050 \hich\af277\dbch\af31505\loch\f277 up proceedings commenced by the Petitioner. }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277 This summons was\hich\af277\dbch\af31505\loch\f277  heard by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12090392 
\hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 
\hich\af277\dbch\af31505\loch\f277 Master on 3}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\super\insrsid14111807 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14111807 
\hich\af277\dbch\af31505\loch\f277 March }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277 2015 and a Ruling issued on 30}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid14111807 \hich\af277\dbch\af31505\loch\f277  April }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277 2015.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 [11}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277 The Respondent Company subsequently so}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14111807 \hich\af277\dbch\af31505\loch\f277 ught an order from the court for }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277 enlarge}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14111807 \hich\af277\dbch\af31505\loch\f277 ment of}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277  the ti}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14111807 \hich\af277\dbch\af31505\loch\f277 me period to file and serve}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277  a Notice of Appeal against the decision of the M\hich\af277\dbch\af31505\loch\f277 aster}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  (mine)}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277  of 3}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\super\insrsid14111807 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14111807 \hich\af277\dbch\af31505\loch\f277 November}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277  2014.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277 This application was heard by the Court on 10}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277  April }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid14631982 \hich\af277\dbch\af31505\loch\f277 2015 and judgment is reserved.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1601808 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid15933161\charrsid12990610 
\hich\af277\dbch\af31505\loch\f277 The Background to the Appeal}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid1920249\charrsid12990610 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\b\f277\fs24\ul\insrsid10321050\charrsid12990610 
\par }\pard \ltrpar\qj \fi-540\li540\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin540\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 
\hich\af277\dbch\af31505\loch\f277 [12}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161\charrsid6846102 \hich\af277\dbch\af31505\loch\f277 ] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 
\hich\af277\dbch\af31505\loch\f277 On}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161\charrsid6846102 \hich\af277\dbch\af31505\loch\f277  19 November 2014}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12990610 ,}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161\charrsid6846102 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 the}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid6846102 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12990610 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid6846102 \hich\af277\dbch\af31505\loch\f277 etitioner p}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12990610 \hich\af277\dbch\af31505\loch\f277 resented a petition for winding-}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid6846102 \hich\af277\dbch\af31505\loch\f277 up of the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1399037 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid6846102 \hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401\charrsid6846102 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid6846102 \hich\af277\dbch\af31505\loch\f277  (the Fortune 8 Limited) on the ground that }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 it}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid6846102 \hich\af277\dbch\af31505\loch\f277  is unable to pay its debts. The winding-up petition states tha}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 t}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277  t}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid6846102 
\hich\af277\dbch\af31505\loch\f277 he Notice of Demand pursuant to section 221 of the Companies Act was served on the}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1399037 \hich\af277\dbch\af31505\loch\f277  Respondent\hich\f277 \rquote 
\loch\f277 s r}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid6846102 \hich\af277\dbch\af31505\loch\f277 egi}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 \hich\af277\dbch\af31505\loch\f277 stered office}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 .  The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1399037 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 etitioner filed its aff\hich\af277\dbch\af31505\loch\f277 idavit verifying petition on 21 November 2014 and a }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1399037 
\hich\af277\dbch\af31505\loch\f277 M}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 emorandum of D}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid15553322 
\hich\af277\dbch\af31505\loch\f277 ue Compliance was filed and served on 2 Marc}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 h }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid15553322 \hich\af277\dbch\af31505\loch\f277 2015.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 
\hich\af277\dbch\af31505\loch\f277 [13}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] Affidavit of service of Anwar Naseemud Dean sworn on 4 December }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid400780 \hich\af277\dbch\af31505\loch\f277 2014 was filed on 8 December 2014.
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid400780 
\hich\af277\dbch\af31505\loch\f277 Respondent\hich\f277 \rquote \loch\f277 s summons to stay
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15933161 
\hich\af277\dbch\af31505\loch\f277 [14}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ]\hich\af277\dbch\af31505\loch\f277  On 20 January 2015}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid400780 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid400780 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent company filed a summons seeking a stay order against all }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid400780 
\hich\af277\dbch\af31505\loch\f277 the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 proceedings in Winding-up Cause and the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid400780 
\hich\af277\dbch\af31505\loch\f277 Petitioner and/}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 or his agents or servants be restrained from interfering in the affairs of Fortune 8 Limited (the }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid400780 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espon\hich\af277\dbch\af31505\loch\f277 
dent). The stay application was made in reliance upon section 224 of the Companies Act Cap 247. The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid400780 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master heard the stay application and }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid214086 \hich\af277\dbch\af31505\loch\f277 reserved his ruling for}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  30 April 2015. Before the Learned Master delivering his ruling}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid400780 ,}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid400780 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 etitioner }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12800452 \hich\af277\dbch\af31505\loch\f277 on}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
 9 April 2015 }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12800452 \hich\af277\dbch\af31505\loch\f277 filed }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 an affidavit }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12800452 \hich\af277\dbch\af31505\loch\f277 of }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 service of Anwar Naseemud Dean sworn on 3}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\super\insrsid214086 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 October 2014 in which the }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid12800452 \hich\af277\dbch\af31505\loch\f277 D}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
eponent states that he did personally serve at Level 3, Aliz Centre, Martintar, Nadi, the registered office of Fortune 8 Limited. The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12800452 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master pr\hich\af277\dbch\af31505\loch\f277 onounced his decisio}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid214086 
\hich\af277\dbch\af31505\loch\f277 n on 30 April 2015}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 .}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid798935 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid9257481 
\hich\af277\dbch\af31505\loch\f277 The Master}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 \loch\af277\dbch\af31505\hich\f277 \rquote }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid9257481 
\hich\af277\dbch\af31505\loch\f277 s Decision}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid1601808 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid214086 
\hich\af277\dbch\af31505\loch\f277 [15}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10305055 \hich\af277\dbch\af31505\loch\f277  L}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid214086 \hich\af277\dbch\af31505\loch\f277 earned Master concluded that }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
the demand for payment as required by section 221 of the Companies Act has not been served upon the registered office of the Company. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1601808 \hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10305055 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1601808 \hich\af277\dbch\af31505\loch\f277 earned Master is\hich\af277\dbch\af31505\loch\f277 
sued a stay on the winding-up proceedings brought by the Appellant.}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 
\par }\pard \ltrpar\qj \li0\ri720\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid214086 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid214086 \hich\af277\dbch\af31505\loch\f277 [16]\tab }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid214086 \hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10305055 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid214086 \hich\af277\dbch\af31505\loch\f277 etitioner appea}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1601808 \hich\af277\dbch\af31505\loch\f277 ls the Master\hich\f277 \rquote \loch\f277 s decision to this court.}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid1601808 \hich\af277\dbch\af31505\loch\f277 The I}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid214086\charrsid214086 \hich\af277\dbch\af31505\loch\f277 ssue at Appeal}{
\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\f277\ul\insrsid214086\charrsid214086 
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sl360\slmult1\widctlpar\tx567\tx1134\tx7200\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid7274573 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid15619986 \hich\af277\dbch\af31505\loch\f277 [}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid15619986\charrsid12196841 \hich\af277\dbch\af31505\loch\f277 17}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid15619986 \hich\af277\dbch\af31505\loch\f277 ]\tab }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid12196841 \hich\af277\dbch\af31505\loch\f277 The appeal concentrated}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4540620 \hich\af277\dbch\af31505\loch\f277 
 on the issue that whether a statutory demand under section 221 of the Companies Act was served on the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10305055 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid4540620 \hich\af277\dbch\af31505\loch\f277 espondent company before presenting }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10305055 \hich\af277\dbch\af31505\loch\f277 the}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid4540620 \hich\af277\dbch\af31505\loch\f277  winding-up petition and was the debt alleged owed and that whether the Mas}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7274573 \hich\af277\dbch\af31505\loch\f277 
ter had erred in determining }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4540620 \hich\af277\dbch\af31505\loch\f277  these is\hich\af277\dbch\af31505\loch\f277 sues in his decision of 30 April 2015.
\par }\pard \ltrpar\qj \li0\ri0\sl360\slmult1\widctlpar\tx567\tx1134\tx7200\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4540620 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4540620 
\par }\pard \ltrpar\qj \li0\ri720\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid4540620 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid7274573\charrsid7274573 
\hich\af277\dbch\af31505\loch\f277 The Submission}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid1601808 \hich\af277\dbch\af31505\loch\f277 s}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid7274573 \tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid7274573\charrsid1601808 \hich\af277\dbch\af31505\loch\f277 Appellant
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid9203058 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7274573 
\hich\af277\dbch\af31505\loch\f277 [18]\tab The Appellant}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12522031 \loch\af277\dbch\af31505\hich\f277 \rquote \loch\f277 s}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7274573 
\hich\af277\dbch\af31505\loch\f277  submission was that }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9203058 \hich\af277\dbch\af31505\loch\f277 
a notice under section 221 has been duly served and the prescribed period has elapsed. Payment has not been made. Notice under section 221 was served on the registered office of the company after judgment was obtained. There is no appeal filed challenging
\hich\af277\dbch\af31505\loch\f277  \hich\af277\dbch\af31505\loch\f277 
the judgment. The only appeal to the High Court is against the ruling of the Master in determining that the application to set aside the judgment of Tuilevuka J. was filed out of time and was therefore dismissed and struck out.}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7274573 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9203058 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9203058 \tab }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \i\f277\fs24\insrsid9203058\charrsid12522031 \hich\af277\dbch\af31505\loch\f277 Respondent
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid5865093 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9203058 
\hich\af277\dbch\af31505\loch\f277 [19]\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14497265 \hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12522031 \hich\af277\dbch\af31505\loch\f277 R
}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14497265 \hich\af277\dbch\af31505\loch\f277 espond\hich\af277\dbch\af31505\loch\f277 
ent submits that clearly the proceedings in relation to the default judgment of 6 August 2014 are still before the court. The Court has yet to deliver a decision on the Company\hich\f277 \rquote \loch\f277 
s application. It is highly inappropriate for the Appellant to seek the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid16667462 \hich\af277\dbch\af31505\loch\f277 w}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14497265 
\hich\af277\dbch\af31505\loch\f277 inding\hich\af277\dbch\af31505\loch\f277 
-up of the Company. It is an abuse of process and an attempt to render the pending decision of the Court to be nugatory and meaningless. The Petitioner cannot seek the winding-up of the Company based on a judgment that is still subject of the court procee
\hich\af277\dbch\af31505\loch\f277 d\hich\af277\dbch\af31505\loch\f277 ings as to whether or not it will stand. In the}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11105762 \hich\af277\dbch\af31505\loch\f277 se}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid14497265 \hich\af277\dbch\af31505\loch\f277  circumstances}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11105762 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14497265 
\hich\af277\dbch\af31505\loch\f277  the Appeal must be dismissed}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10713368 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14497265 
\hich\af277\dbch\af31505\loch\f277 with an }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11105762 \hich\af277\dbch\af31505\loch\f277 o}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14497265 \hich\af277\dbch\af31505\loch\f277 
rder for costs.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9203058\charrsid7274573 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid4027571 \hich\af277\dbch\af31505\loch\f277 The Law}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid11541686 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 
\hich\af277\dbch\af31505\loch\f277 [20] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11541686 \hich\af277\dbch\af31505\loch\f277 
Section 220 of the Companies Act 1983 (Now repealed) enunciates the circumstances under which a company may be wound up by the court: }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11541686\charrsid6955760 
\par }\pard \ltrpar\ql \li720\ri720\sb100\sa100\sbauto1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid11541686 {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\i\f277\insrsid11541686\charrsid3543145 \lquote 220}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \i\f277\insrsid11541686\charrsid3543145 . A company may be wound up by the court, if-
\par }\pard \ltrpar\ql \li720\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid11541686 {\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686\charrsid3543145 (a) the company has, by special resolution, resolved that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid10955401\charrsid3543145 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\f277\insrsid10955401 company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686\charrsid3543145  be wound up by the court;\line \line (b) default is made in delivering the statutory report to the registrar or in holding the statutory meeting;\line }
{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686 
\par }\pard\plain \ltrpar\s18\ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11541686 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid11541686\charrsid8278135 (c) the company does not commence its business within a year from its incorporation\~
or\~suspends\~its\~business\~for\~a\~whole\~year;\line }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid11541686\charrsid8278135 \line }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid11541686\charrsid8278135 
(d) the number of members is reduced, in the case of a private company, below 2, or, in the case of any other company, below 7;\line }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \dbch\af0\insrsid11541686 
\par }\pard\plain \ltrpar\ql \li720\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid11541686 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\i\f277\insrsid11541686\charrsid3543145 (e) the company is unable to pay its debts}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\f277\insrsid11541686\charrsid3543145 ;\line }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686\charrsid3543145 (f) the court is of opinion that it is just and equitable that the company should be wound up;\line }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686 
\par }\pard \ltrpar\qj \li720\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid11541686 {\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid11541686\charrsid3543145 
(g) in the case of a company incorporated outside Fiji and carrying on business in Fiji, winding-up proceedings have been commenced in respect of it in the country or territory of its incorporation or in any other country or territor
y in which it has established a place of business.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f277\insrsid11541686  (Emphasis provided)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f277\insrsid11541686\charrsid3543145 
\par }\pard \ltrpar\ql \li0\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid11541686 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11541686 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11541686 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11541686 \hich\af277\dbch\af31505\loch\f277 [21
}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11541686\charrsid3543145 \hich\af277\dbch\af31505\loch\f277 ]}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11541686 \hich\af277\dbch\af31505\loch\f277  Section 221 defines \hich\f277 
\lquote \loch\f277 inability to pay debts\hich\f277 \rquote \loch\f277  as follows:
\par }\pard \ltrpar\ql \li720\ri0\sb100\sa100\sbauto1\saauto1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid11541686 {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\f277\insrsid11541686\charrsid7699184 \lquote 221}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f277\insrsid11541686\charrsid7699184 . A company shall be deemed to be unable to pay its debts-
\par }\pard \ltrpar\qj \li720\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid11541686 {\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \f277\insrsid11541686\charrsid7699184 (a)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\f277\insrsid11541686\charrsid7699184 
 if a creditor, by assignment or otherwise, to whom the company is indebted in a sum exceeding $100 then due has served on the company, by leaving it at the registered office of the company, a demand under his hand requiring the company to pay the sum so 
due and the company has, for 3 weeks thereafter; neglected to pay the sum or to secure or compound for it to the reasonable satisfaction of the creditor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f277\insrsid11541686\charrsid7699184 ; or
\par (b) if execution or other process issued on a judgment, decree or order of any court in favour of a creditor of the company is returned unsatisfied }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f277\insrsid7699184 in whole or in part or
\par }\pard \ltrpar\qj \li720\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid7699184 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f277\insrsid11541686\charrsid7699184 \line 
(c) if it is proved to the satisfaction of the court that the company is unable to pay its debts, and, in determining whether a company is unable to pay its debts, the court shall take
 into account the contingent and prospective liabilities of the company.\rquote  [Emphasis provided]
\par }\pard \ltrpar\qj \li0\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid7699184 {\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \f277\fs24\insrsid7699184 
\par }\pard \ltrpar\qj \fi-720\li720\ri0\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7699184 {\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \f277\fs24\insrsid7699184\charrsid7699184 [22]}{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 
\f277\fs24\insrsid7699184 \tab The }{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 R}{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \f277\fs24\insrsid7699184 espondent\rquote 
s stay application is made pursuant to section 224 of the Companies Act 1983, which spells out:
\par 
\par }\pard \ltrpar\qj \fi-720\li1296\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin1296\itap0\pararsid14705903 {\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \f277\fs24\insrsid7699184 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\f277\insrsid14705903\charrsid14705903 \'93At any time after the presentation of a winding-up petition, and before a winding-up order has been made, the company, or any creditor or contributory, may \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\f277\insrsid7699184\charrsid14705903 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \i\f277\fs22\insrsid14705903\charrsid14705903 \hich\af277\dbch\af0\loch\f277 (a)\tab}}\pard\plain \ltrpar
\s15\qj \fi-540\li2160\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls5\adjustright\rin720\lin2160\itap0\pararsid14705903\contextualspace \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid14705903\charrsid14705903 
Where any suit or proceeding against the company is pending in the High Court or the Court of Appeal, apply to the court in which the suit or proceeding is pending for a stay of proceedings therein; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\f277\insrsid14705903 
\par }\pard \ltrpar\s15\qj \li2160\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin2160\itap0\pararsid14705903\contextualspace {\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid14705903\charrsid14705903 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \i\f277\fs22\insrsid14705903\charrsid14705903 \hich\af277\dbch\af0\loch\f277 (b)\tab}}\pard \ltrpar
\s15\qj \fi-540\li2160\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls5\adjustright\rin720\lin2160\itap0\pararsid14705903\contextualspace {\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid14705903\charrsid14705903 
Where any other suit or proceeding is pending against the company, apply to the court having jurisdiction to wind up the company to restrain further proceedings in the suit or proceeding,
\par }\pard\plain \ltrpar\qj \li1296\ri720\sa100\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin1296\itap0\pararsid14705903 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid14705903\charrsid14705903 And the court to which application is so made may}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\f277\insrsid14705903  be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f277\insrsid14705903\charrsid14705903 , as the case may be, stay or restrain the proceedings accordingly on such terms as it thinks fit.\'94
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid15871304 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid5865093\charrsid4617927 \hich\af277\dbch\af31505\loch\f277 The Decision}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid4617927 
\par }\pard \ltrpar\qj \fi-540\li540\ri0\sa200\sl360\slmult1\widctlpar\tx540\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin540\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7699184 
\hich\af277\dbch\af31505\loch\f277 [23}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154\charrsid6955760 \hich\af277\dbch\af31505\loch\f277 ]}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 
\hich\af277\dbch\af31505\loch\f277  The}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 \hich\af277\dbch\af31505\loch\f277  Petitioner brought }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 
\hich\af277\dbch\af31505\loch\f277 w}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 \hich\af277\dbch\af31505\loch\f277 inding-up proceedings}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11541686 
\hich\af277\dbch\af31505\loch\f277  under section 220 (e}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12133343 \hich\af277\dbch\af31505\loch\f277 ) of}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 
\hich\af277\dbch\af31505\loch\f277  the Companies Act 1983}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 \hich\af277\dbch\af31505\loch\f277  against the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 
\hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 \hich\af277\dbch\af31505\loch\f277 espondent company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 
\hich\af277\dbch\af31505\loch\f277  on the ground that the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 
\hich\af277\dbch\af31505\loch\f277 espondent company is unable to pay its debt. The Respondent filed a summons seeking a stay of the winding-up proceedings.  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 
\hich\af277\dbch\af31505\loch\f277 By the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 deci}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 \hich\af277\dbch\af31505\loch\f277 
sion }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 of 30 April 2015 }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 \hich\af277\dbch\af31505\loch\f277 the }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5865093 \hich\af277\dbch\af31505\loch\f277 earned Master }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 order}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 \hich\af277\dbch\af31505\loch\f277 ed}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  staying all proceedings in Winding up Cause }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12133343 \hich\af277\dbch\af31505\loch\f277 HBE No. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 28 of 2014. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 \hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 
\hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 \hich\af277\dbch\af31505\loch\f277 etitioner appeals the stay order granted by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 
\hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 \hich\af277\dbch\af31505\loch\f277 earned Master in favour of the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 
\hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1457154 \hich\af277\dbch\af31505\loch\f277 espondent. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }\pard \ltrpar\qj \fi-540\li540\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin540\itap0\pararsid12133343 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 
\hich\af277\dbch\af31505\loch\f277 [24}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12133343 \hich\af277\dbch\af31505\loch\f277 ]\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 \hich\af277\dbch\af31505\loch\f277 
The winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 up petition }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 \hich\af277\dbch\af31505\loch\f277 
was presented on the basis that}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4617927 \hich\af277\dbch\af31505\loch\f277 R}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  ha\hich\af277\dbch\af31505\loch\f277 
s failed to pay the sum demanded by notice issued under section 221. The notice under section 221 was served on the registered office of the company after judgment was obtained in the sum of $229,408.69. 
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 
\hich\af277\dbch\af31505\loch\f277 [25}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6561279 \hich\af277\dbch\af31505\loch\f277 ] The winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 up application filed by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6561279 \hich\af277\dbch\af31505\loch\f277 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 
\hich\af277\dbch\af31505\loch\f277 ppell\hich\af277\dbch\af31505\loch\f277 ant}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  was }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 
\hich\af277\dbch\af31505\loch\f277 listed }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 before the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6561279 
\hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 \hich\af277\dbch\af31505\loch\f277 
for hearing }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 on 21 January 2015.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 \hich\af277\dbch\af31505\loch\f277 [26}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] On 20 January 2015}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7503008 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6561279 
\hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent filed the summons under section 224 of the Co}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid7503008 \hich\af277\dbch\af31505\loch\f277 mpanies Act to stay all winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 up proceedings. Because }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid7503008 \hich\af277\dbch\af31505\loch\f277 of this application}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid1851458 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7503008 
\hich\af277\dbch\af31505\loch\f277  the winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 up \hich\af277\dbch\af31505\loch\f277 petition was not heard on 21 January 2015.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 \hich\af277\dbch\af31505\loch\f277 [27}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid1851458 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
Pursuant to section 224 of the Companies Act the court has power to stay or restrain proceedings against a company. Section 224 states:
\par }\pard \ltrpar\qj \li720\ri720\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid10713368 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 \loch\af277\dbch\af31505\hich\f277 
\lquote }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 \hich\af277\dbch\af31505\loch\f277 At any ti}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid7420133 \hich\af277\dbch\af31505\loch\f277 me after the presentation of a wi}{
\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 \hich\af277\dbch\af31505\loch\f277 nding-up petition, and befor\hich\af277\dbch\af31505\loch\f277 e a winding-up order has been made, }{\rtlch\fcs1 \af31507 \ltrch\fcs0 
\b\i\f277\insrsid10321050\charrsid7175128 \hich\af277\dbch\af31505\loch\f277 the company}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 \hich\af277\dbch\af31505\loch\f277 , or any creditor or contributory, may \hich\f277 
\endash \loch\f277  
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af31507\afs22 \ltrch\fcs0 \i\f277\fs22\insrsid10321050\charrsid7175128 \hich\af277\dbch\af31506\loch\f277 (a)\tab}}\pard\plain \ltrpar\s15\qj \li720\ri720\sa200\sl276\slmult1\widctlpar
\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\ls3\adjustright\rin720\lin720\itap0\pararsid10713368\contextualspace \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 \f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 {\rtlch\fcs1 \af31507 
\ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 Where any suit or proceeding against the company is pending in the High Court or the Court of Appeal, }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid7175128 
apply to the court in which the suit or proceeding is pending for a stay of proceedings therein}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 ; }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid7087071\charrsid7087071 and}{
\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 
\par }\pard \ltrpar\s15\qj \li720\ri720\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid10713368\contextualspace {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 

\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af31507\afs22 \ltrch\fcs0 \i\f277\fs22\insrsid10321050\charrsid7175128 \hich\af277\dbch\af31506\loch\f277 (b)\tab}}\pard \ltrpar\s15\qj \li720\ri720\sa200\sl276\slmult1\widctlpar
\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\ls3\adjustright\rin720\lin720\itap0\pararsid10713368\contextualspace {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 
Where any other suit proceeding is pending against the company, apply to the court having jurisdiction to wind up the company to restrain further proceedings in the suit or proceeding,
\par }\pard\plain \ltrpar\qj \li720\ri720\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid10713368 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid7175128 \hich\af277\dbch\af31505\loch\f277 and the court to which application
\hich\af277\dbch\af31505\loch\f277  is so made may, as the case may be, stay or restrain the proceedings accordingly}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  on such terms as it thinks fit}{\rtlch\fcs1 
\af31507 \ltrch\fcs0 \f277\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  .\hich\f277 \rquote \loch\f277  [Emphasis added]
\par }\pard \ltrpar\qj \fi-540\li540\ri0\sa200\sl360\slmult1\widctlpar\tx540\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin540\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 
\hich\af277\dbch\af31505\loch\f277 [28}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid2782783 \hich\af277\dbch\af31505\loch\f277 ] The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 stay application was argued before the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7087071 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 earned Master}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 \hich\af277\dbch\af31505\loch\f277  on }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7087071 
\hich\af277\dbch\af31505\loch\f277 3}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\super\insrsid7087071 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7087071 \hich\af277\dbch\af31505\loch\f277 
March 2015. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 He}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 \hich\af277\dbch\af31505\loch\f277 at the conclusion of the hearing}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 , reserved his decision and delivered }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 \hich\af277\dbch\af31505\loch\f277 the same}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  on 30 April 2015}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  granting a stay of all }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 \hich\af277\dbch\af31505\loch\f277 winding-up }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 proceedings.
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 
\hich\af277\dbch\af31505\loch\f277 [29}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] At para (D) (3) of the ruling}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7420133 ,}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7087071 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master analysing }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid8455257 \hich\af277\dbch\af31505\loch\f277 the operation}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  of section 224 concludes:
\par }\pard \ltrpar\qj \li720\ri720\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\loch\af277\dbch\af31505\hich\f277 \lquote }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 Counsel }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid7087071 
\hich\af277\dbch\af31505\loch\f277 submitted that}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid8544871 
\hich\af277\dbch\af31505\loch\f277 summons is \hich\af277\dbch\af31505\loch\f277 irregular}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\i\f277\fs24\insrsid10321050\charrsid8544871 \hich\af277\dbch\af31505\loch\f277 as section 224 of the Companies Act has no application to the current matter where the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid7087071 
\hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid8544871 \hich\af277\dbch\af31505\loch\f277 espondent seeks to stay the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid7087071 
\hich\af277\dbch\af31505\loch\f277 W}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid8544871 \hich\af277\dbch\af31505\loch\f277 
inding-up proceedings. In support of this proposition, the counsel invited the attention of the court}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  to the decision in }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid12525919 \loch\af277\dbch\af31505\hich\f277 \lquote \loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid7087071 \hich\af277\dbch\af31505\loch\f277 e}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid12525919 \hich\af277\dbch\af31505\loch\f277 tri v\hich\af277\dbch\af31505\loch\f277  Dragons Seafood Company (Fiji) Ltd.\hich\f277 \rquote \loch\f277  (1996) FJHC 102}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid12525919 .}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid11278366 ...
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid11278366 \hich\af277\dbch\af31505\loch\f277 
Therefore, it is manifest that the Respondent Company does not have legal standing under section 224 of the Companies Act for a stay of Winding-up proceedings.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid11278366 \hich\af277\dbch\af31505\loch\f277 Given the above, I certainly agree with the sentiments which are expressed inferentially in the }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \i\f277\fs24\insrsid7087071 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid11278366 \hich\af277\dbch\af31505\loch\f277 etitioner\hich\f277 \rquote \loch\f277 s submissions.

\par \hich\af277\dbch\af31505\loch\f277 In any event the Petitioner\hich\f277 \rquote \loch\f277 s point must fail because of the delay involved.\hich\f277 \rquote 
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid8455257 
\hich\af277\dbch\af31505\loch\f277 [30}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The rationale behind section 224 was c}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid8455257 
\hich\af277\dbch\af31505\loch\f277 onsidered in \hich\af277\dbch\af31505\loch\f277 Petri\hich\f277 \rquote \loch\f277 s case (above}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
) where Fatiaki J said:
\par }\pard \ltrpar\qj \fi-1418\li698\ri720\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin698\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \tab \tab 
\loch\af277\dbch\af31505\hich\f277 \lquote }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid12525919 \hich\af277\dbch\af31505\loch\f277 
In this regard, there can be no doubting from the clear wording of Section 224 of the Companies Act 1983 that the }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid8455257 \hich\af277\dbch\af31505\loch\f277 
Court is given an unfettered discretion to stay or restrain}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid12525919 \hich\af277\dbch\af31505\loch\f277  \hich\f277 \lquote \loch\f277 any suit or proceeding pending agai
\hich\af277\dbch\af31505\loch\f277 nst the company\hich\f277 \rquote \loch\f277  at any ti}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 me after the presentation of }{\rtlch\fcs1 \af31507 \ltrch\fcs0 
\b\i\f277\insrsid10321050\charrsid8455257 \hich\af277\dbch\af31505\loch\f277 a winding-up petition}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid12525919 \hich\af277\dbch\af31505\loch\f277 , and before a windi}{\rtlch\fcs1 \af31507 
\ltrch\fcs0 \i\f277\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 \hich\f277 ng-up order has been made\'85}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid12525919 
\par }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 \tab \tab }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid12525919 \hich\af277\dbch\af31505\loch\f277 The clear \hich\f277 \lquote \loch\f277 mischief\hich\f277 \rquote 
\loch\f277  sought to be overcome by both provisions is that which is likely to arise from a multiplicity of proceedings b\hich\af277\dbch\af31505\loch\f277 
eing commenced or prosecuted (possibly before different courts and by different parties) against a company whose continued existence and commercial viability is the subject matter of a winding-up}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  petition or order by the Court\hich\f277 \rquote .}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid8455257 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid8455257 
\hich\af277\dbch\af31505\loch\f277 (My emphasis)}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid10321050\charrsid8455257 
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx0\tx630\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid8455257 
\hich\af277\dbch\af31505\loch\f277 [31}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The \hich\af277\dbch\af31505\loch\f277 
court is given unfettered discretion by virtue of section 224 of the Companies Act to stay or restrain any suit or proceeding pending against the company at any time after the presen}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid13776862 
\hich\af277\dbch\af31505\loch\f277 tation of a winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid8455257 \hich\af277\dbch\af31505\loch\f277 up petition, but before a winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 up order has been ma\hich\af277\dbch\af31505\loch\f277 
de. The issuance of stay or restraining order is intended to avoid a multiplicity of proceedings being commenced or prosecuted against a company whose continued existence and commercial viability is the subject matter of a winding-up petition or order of 
\hich\af277\dbch\af31505\loch\f277 t\hich\af277\dbch\af31505\loch\f277 he Court.
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 
\hich\af277\dbch\af31505\loch\f277 [32}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] \tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid13976172 
\hich\af277\dbch\af31505\loch\f277 The second ground of appeal is that, }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid13976172 \hich\af277\dbch\af31505\loch\f277 \hich\f277 
the Master erred in law and fact when having found [paragraph 3 page 4] that \'93\loch\f277 it is manifest that the Respondent Company does not have legal standing under section 224 of the Companies Act for a stay of \hich\af277\dbch\af31505\loch\f277 
\hich\f277 Winding-up proceedings\'94\loch\f277  he failed to dismiss the application.}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid13976172 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 [33}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid13776862 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master in his ruling said that the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid13776862 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 
\hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
 does not have legal standing under section 224 of the Companies Act for a stay of Winding-up proceedings. However, he did n\hich\af277\dbch\af31505\loch\f277 ot dismiss the application for a stay. He further said in his ruling that:
\par }\pard \ltrpar\qj \fi-567\li711\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin711\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \tab }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid11025741 \loch\af277\dbch\af31505\hich\f277 \lquote }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid11025741 \hich\af277\dbch\af31505\loch\f277 
In any event the Petitioner\hich\f277 \rquote \loch\f277 s point must fail because of the delay involved.\hich\f277 \rquote }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  [Emphasis added]}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid11025741 
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 
\hich\af277\dbch\af31505\loch\f277 [34}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14287842 \hich\af277\dbch\af31505\loch\f277 ] Though, the L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 earned Master decided that the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14287842 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  has no legal standing under section 224 for a stay of winding-up proceedings}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14287842 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  he did not mind to dismiss the application filed by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14287842 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  to stay because of the delay inv}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14287842 \hich\af277\dbch\af31505\loch\f277 olved. The delay involved is that}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 , the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14287842 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 etitioner failed to file affid\hich\af277\dbch\af31505\loch\f277 avit of service in proof of service of}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 \hich\f277 
 the statutory demand notice (\'93\loch\f277 section }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 221 notice}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 
\loch\af277\dbch\af31505\hich\f277 \'94}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ) upon the registered office of the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14287842 
\hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 
Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 .
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 No }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid16589217\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 A}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 ffidavit of }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid16589217\charrsid8979706 
\hich\af277\dbch\af31505\loch\f277 S}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 ervice of }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\b\f277\fs24\ul\insrsid16589217\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 N}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 otice of }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \b\f277\fs24\ul\insrsid16589217\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 D}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid8979706 \hich\af277\dbch\af31505\loch\f277 emand
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 [35}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] I}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid8979706 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  now return to }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 the}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  grounds of appeal iv & v.  I will consider\hich\af277\dbch\af31505\loch\f277  both grounds together. The fourth ground is that }{\rtlch\fcs1 \af31507 
\ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid5338282 \hich\af277\dbch\af31505\loch\f277 the Master erred in fact when he s}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid3867554 \hich\af277\dbch\af31505\loch\f277 t}{\rtlch\fcs1 \af31507 \ltrch\fcs0 
\b\i\f277\insrsid10321050\charrsid5338282 \hich\af277\dbch\af31505\loch\f277 ated at paragraph 7 page 6 that no affidavit of service of notice of demand sworn by Anwar Naseemud Dean is on file when it was filed on 9 April, 2015.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 [36}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] In regard to affidavit of service of }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 section 221 notice,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  at page 6 of the ruling the }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3867554 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master states:}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid5338282 
\par }\pard \ltrpar\qj \fi-90\li810\ri864\sa200\sl360\slmult1\widctlpar\tx567\tx720\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin864\lin810\itap0\pararsid10321050 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid10309568 
\loch\af277\dbch\af31505\hich\f277 \'93}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 I}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid10309568 \hich\af277\dbch\af31505\loch\f277 
 am curious as to why the Petitioning creditor is refusing to provide the affidavit of service of the statutory demand Notice and the affidavit \hich\af277\dbch\af31505\loch\f277 \hich\f277 of \'93\loch\f277 \hich\f277 Anwar Naseemud Dean\'94\loch\f277 
\hich\f277  deposing the service of the statutory demand.\'94\loch\f277  }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050 
\par }\pard \ltrpar\qj \fi-630\li630\ri116\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin116\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 
\hich\af277\dbch\af31505\loch\f277 [37}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid5004451 \hich\af277\dbch\af31505\loch\f277 ] }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3867554 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
earned Master heard the stay of proceedings application on 3 March 2015, when counsel for the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3867554 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 etitioner attempted to file the Affidavit of Anwar Naseemud Dean deposing the \hich\af277\dbch\af31505\loch\f277 service of the statutory demand. He}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 , counsel for the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3867554 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 
\hich\af277\dbch\af31505\loch\f277 etitioner submits,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid1923270 \hich\af277\dbch\af31505\loch\f277  refused to allow it to be filed in court and whe}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 n it was filed }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9251909 \hich\af277\dbch\af31505\loch\f277 on 9 April}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  2015, before the ruling }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3867554 \hich\af277\dbch\af31505\loch\f277 was }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 delivered on 30 April 2015.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 \hich\af277\dbch\af31505\loch\f277 [38}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid3488338 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 etitioner filed and served a Memorandum of }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid3488338 \hich\af277\dbch\af31505\loch\f277 D}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ue }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3488338 
\hich\af277\dbch\af31505\loch\f277 C}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ompliance on 2 March 2015. The affidavit of Aaron James McGrath sworn 21 November 201}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid3488338 \hich\af277\dbch\af31505\loch\f277 4}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  verifies and confirms the facts stated in the petition are true.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 \hich\af277\dbch\af31505\loch\f277 [39}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
] The petition states that a demand was served on the registered office of the company. The \hich\af277\dbch\af31505\loch\f277 notice of demand pursuant to section 221 of the Companies Act was served}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid14446927 \hich\af277\dbch\af31505\loch\f277 , according to the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12086451 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 
\hich\af277\dbch\af31505\loch\f277 etitioner,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  on the registered office of the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12086451 
\hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent on 19 September 2014. The affidavit of Anwar Naseemud Dean was filed on 9 April 2015.
\par }\pard \ltrpar\qj \li0\ri116\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin116\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 
\hich\af277\dbch\af31505\loch\f277 [40}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] At para (D) (7), pa\hich\af277\dbch\af31505\loch\f277 ge 6 of the ruling}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid14446927 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12086451 \hich\af277\dbch\af31505\loch\f277 L}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master states:
\par }\pard\plain \ltrpar\s15\qj \li576\ri0\sa120\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin576\itap0\pararsid10321050\contextualspace \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid10321050\charrsid14699732 \'93}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid14699732 The affidavit of \'93
Anwar Naseemud Dean\'94 deposing the service of the statutory demand is not provided.  It is a matter of curiosity.  To make matters worse, the affidavit of service of the statutory demand 
Notice is not filed, with the Winding-up Petition.  There is simple no document or affidavit on file to prove that the demand for payment as required by section 221 of the Companies Act has been served upon the registered office of the Company.  Further, 
the Petitioning Creditor has not satisfied the Registrar under section 28 of the Companies Act that this requirement has been fulfilled.
\par }\pard \ltrpar\s15\qj \fi-414\li576\ri379\sa120\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin379\lin576\itap0\pararsid10321050\contextualspace {\rtlch\fcs1 \af31507 \ltrch\fcs0 
\i\f277\insrsid10321050\charrsid14699732 \tab 
\par }\pard \ltrpar\s15\qj \fi-414\li576\ri26\sa120\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin26\lin576\itap0\pararsid10321050\contextualspace {\rtlch\fcs1 \af31507 \ltrch\fcs0 
\i\f277\insrsid10321050\charrsid14699732 \tab I am curious as to why the Petitioner creditor is refusing to provide the affidavit of service of the statutory demand Notice and the affidavit of \'93Anwar Naseemud Dean\'94
 deposing the service of statutory demand}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid10321050\charrsid14699732 .\'94
\par }\pard\plain \ltrpar\qj \li576\ri116\sa120\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin116\lin576\itap0\pararsid10321050 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid10321050\charrsid14699732 
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 
\hich\af277\dbch\af31505\loch\f277 [41}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The affidavit of service of Anwar Naseemud Dean sworn }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid14446927 \hich\af277\dbch\af31505\loch\f277 on }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
3 October 2014 and filed on 9 April 2015 deposes that the statutory demand notice was personally s\hich\af277\dbch\af31505\loch\f277 
erved upon the registered office of Fortune 8 Limited on 19 September 2014. The copy of demand notice is annexed to the affidavit shows that Ms Vera Inia, the Manager had acknowledged service.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 \hich\af277\dbch\af31505\loch\f277 [42}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
] Relying on Rule 28 of the Companies (Winding-Up) Rules }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 the\hich\af277\dbch\af31505\loch\f277  Learned}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  Master at page 7 of the ruling states:
\par }\pard \ltrpar\qj \fi-1287\li1440\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \tab \tab }{\rtlch\fcs1 
\af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid8868343 \loch\af277\dbch\af31505\hich\f277 \lquote \loch\f277 The petitioning creditor\hich\f277 \rquote \loch\f277 s failure to establish that it had a good reason for:
\par }\pard\plain \ltrpar\s15\qj \li1440\ri360\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin360\lin1440\itap0\pararsid10321050\contextualspace \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid8943917 Not filing the affidavit of service of statutory demand with the Winding-up petition.
\par }\pard \ltrpar\s15\qj \li1440\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10321050\contextualspace {\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid8943917 
Not providing the affidavit of \lquote Anwar Naseemud Dean\rquote  deposing the service of the statutory demand does not leave a good impression.
\par 
\par }\pard \ltrpar\s15\qj \li720\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10321050\contextualspace {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid8868343 \tab 
\'93On the strength of this, }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid8868343 I conclude that}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid8868343 ;
\par 
\par }\pard \ltrpar\s15\qj \li1134\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1134\itap0\pararsid10321050\contextualspace {\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid8868343 
The demand for payment as required by section 221 of the Companies Act has not been served upon the registered office of the Company.  
\par 
\par The Petitioning creditor has not satisfied the Registrar under section 28 that the requirement under section 221 has been fulfilled.
\par 
\par The answer for non-compliance provided in Rule 28, is that \'93no orders in Petition be made\'94.
\par }\pard\plain \ltrpar\ql \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \insrsid10321050\charrsid8868343 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid10321050\charrsid8868343 \tab \tab 
\hich\af277\dbch\af31505\loch\f277 And then at page 8 he states:
\par }\pard \ltrpar\qj \li1134\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1134\itap0\pararsid10321050 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid8868343 
\hich\af277\dbch\af31505\loch\f277 In the circumstances, the Petition must fail.\hich\f277 \rquote }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \b\i\f277\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507 \ltrch\fcs0 
\f277\insrsid10321050\charrsid8868343 \hich\af277\dbch\af31505\loch\f277 [Emphasis provided]
\par }\pard \ltrpar\ql \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507 \ltrch\fcs0 \insrsid10321050 
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 
\hich\af277\dbch\af31505\loch\f277 [43}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] At this stage, it is necessary to examine R\hich\af277\dbch\af31505\loch\f277 ule 28}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 .}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14446927 
\hich\af277\dbch\af31505\loch\f277 That}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  provides:
\par }\pard \ltrpar\qj \fi-675\li1701\ri0\sa200\sl276\slmult1\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1701\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 (1)}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid9645216 \tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050 \loch\af277\dbch\af31505\hich\f277 \lquote }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277 
After a petition has been presented, the petitioner or his barrister and solicitor shall, on a day to be appointed by the registrar, attend before him to satisfy him that the petition has been duly advertised, that he prescribed affidavit verifying the co
\hich\af277\dbch\af31505\loch\f277 n\hich\af277\dbch\af31505\loch\f277 tents thereof and }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid222341 \hich\af277\dbch\af31505\loch\f277 the affidavit of service}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277 , if any, }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid222341 \hich\af277\dbch\af31505\loch\f277 
have been duly filed}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277  and that the provisions of these Rules have been duly complied with }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\i\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 by }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277 the petitioner.
\par }\pard \ltrpar\qj \fi-1701\li1701\ri0\sa200\sl276\slmult1\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1701\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid9645216 \tab 
\hich\af277\dbch\af31505\loch\f277 (2)\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277 No order shall be made on the petition}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277  of any petitioner who has not, }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277 
before the hearing of\hich\af277\dbch\af31505\loch\f277  the petition}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277 , attended before the registrar, at the time appointed, and }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050\charrsid9645216 \hich\af277\dbch\af31505\loch\f277 satisfied him i}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
n manner required by this rule.\hich\f277 \rquote \loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 [Emphasis provided]
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl276\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }\pard \ltrpar\qj \fi-567\li567\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin567\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 
\hich\af277\dbch\af31505\loch\f277 [44}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] I note that there has been no date appointed by the registrar (in this instance the Deputy Registrar) for the
\hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6316126 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
etitioner to attend before him to satisfy him }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 \hich\af277\dbch\af31505\loch\f277 that: (i) }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 the pet}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 \hich\af277\dbch\af31505\loch\f277 ition has been duly advertised, (ii) }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 the a}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 \hich\af277\dbch\af31505\loch\f277 ffidavit verifying the petition, (iii) }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 affidavit of service have been filed and }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 \hich\af277\dbch\af31505\loch\f277 (iv)}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  the provision of Rules 28 have been complied with by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6316126 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 etitio\hich\af277\dbch\af31505\loch\f277 ner. 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 \hich\af277\dbch\af31505\loch\f277 [45}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid6316126 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
etitioner presented the winding-up petition on 19 November 2014. The affidavit verifying petition was filed on 21 November 2014. The affidavit of service of Anwar Naseemud Dean sworn }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid678382 
\hich\af277\dbch\af31505\loch\f277 on }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 4 December 2014}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid678382 ,}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  deposing that true copies of winding-\hich\af277\dbch\af31505\loch\f277 
up petition and affidavit verifying petition were served upon the registered office of Fortune 8 Limited was filed on 26 November 2014. The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid678382 \hich\af277\dbch\af31505\loch\f277 P}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 etitioner then files on 14 January 2015 a notice to inform the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid678382 
\hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11605897 \hich\af277\dbch\af31505\loch\f277 
Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  that the winding-up petition will\hich\af277\dbch\af31505\loch\f277  be heard before the court at 8.30am on 21 January 2015.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 \hich\af277\dbch\af31505\loch\f277 [46}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
] The hearing of the petition did not take place on 21 January 2015 because of the stay application filed by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9460078 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10955401 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  on 20 January 2015.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 \hich\af277\dbch\af31505\loch\f277 [47}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] After few adjournments}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 ,}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9460078 
\hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Mas\hich\af277\dbch\af31505\loch\f277 
ter heard the stay application on 3 March 2015 and issued the impugned ruling }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9460078 \hich\af277\dbch\af31505\loch\f277 on }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 30 April 2015.
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid222341 
\hich\af277\dbch\af31505\loch\f277 [48}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid8943917 \hich\af277\dbch\af31505\loch\f277 ] The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9460078 
\hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid8943917 \hich\af277\dbch\af31505\loch\f277 earned Master states in his ruling that the petitioning creditor\hich\f277 \rquote \loch\f277 
s failure to establish that it had a good reason for not filing the affidavit of service of statutory demand }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid8943917 \hich\af277\dbch\af31505\loch\f277 
with the Winding-up petition}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 , and concludes that, }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid10321050\charrsid16262916 
\loch\af277\dbch\af31505\hich\f277 \lquote \loch\f277 The Petitioning creditor has no\hich\af277\dbch\af31505\loch\f277 \hich\f277 
t satisfied the Registrar under section 28 that the requirement under section 221 has been fulfilled. The answer for non-compliance provided in Rule 28, is that \'93\loch\f277 \hich\f277 no orders in Petition be made\'94.}{\rtlch\fcs1 \af31507 
\ltrch\fcs0 \b\i\f277\insrsid10321050\charrsid16262916 
\par }\pard \ltrpar\qj \fi-540\li540\ri0\sa200\sl360\slmult1\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin540\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6647181 
\hich\af277\dbch\af31505\loch\f277 [49}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid13762589 \hich\af277\dbch\af31505\loch\f277 ]}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277  After presenting a petition, the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5114646 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\hich\af277\dbch\af31505\loch\f277 etitioner must satisfy \hich\af277\dbch\af31505\loch\f277 the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5114646 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 egistrar that he has complied with Rule 28. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid13762589 \hich\af277\dbch\af31505\loch\f277 Rule 28 (1) requires the }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5114646 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid13762589 \hich\af277\dbch\af31505\loch\f277 etitioner to attend before the }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5114646 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid13762589 \hich\af277\dbch\af31505\loch\f277 
egistrar at the appointed time and show that the petition has been duly advertised, that }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6647181 \hich\af277\dbch\af31505\loch\f277 t}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050\charrsid13762589 \hich\af277\dbch\af31505\loch\f277 he prescribed affidavit verifying the contents thereof and \hich\af277\dbch\af31505\loch\f277 
the affidavit of service, if any, have been duly filed and that the provisions of these Rules have been duly complied with by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5114646 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid13762589 \hich\af277\dbch\af31505\loch\f277 etitioner.
\par }\pard \ltrpar\qj \fi-630\li630\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6647181 
\hich\af277\dbch\af31505\loch\f277 [50}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 ] The Memorandum of Due Compliance with Rule 28 (1) of the Companies (Winding Up) Rules was filed on 10 Februar
\hich\af277\dbch\af31505\loch\f277 y 2015. The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5114646 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
egistrar has certified that it to be correct.
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6647181 \hich\af277\dbch\af31505\loch\f277 [51}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
] Rule 28 (2) describes the consequence of non-compliance with provisions of Rule 28 (1). The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11749322 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 etitioner must comply with the provisions of Rule 28 (1) }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid14300589 \hich\af277\dbch\af31505\loch\f277 
before the hearing of the petition}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277  (windin\hich\af277\dbch\af31505\loch\f277 g-up petition). If not, the court will not make order on the petition.

\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6647181 \hich\af277\dbch\af31505\loch\f277 [52] In}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
 fact, the hearing of the petition did not take place on the day fixed for that purpose (21 January 2015). The hearing on 3 March 2015 was the hearing on the stay application, and not the hearing of the petition. The }{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid11749322 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 earned Master applied Rule 28 (a) and \hich\af277\dbch\af31505\loch\f277 
concluded that the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11749322 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
etitioner failed to file affidavit of serv}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11749322 \hich\af277\dbch\af31505\loch\f277 ic}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 \hich\af277\dbch\af31505\loch\f277 
e before the hearing of the petition. 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid6647181\charrsid12209901 \hich\af277\dbch\af31505\loch\f277 Unfettered Discretion to stay winding-up proceedings 
\par }\pard \ltrpar\qj \fi-630\li630\ri26\sa200\sl360\slmult1\widctlpar\tx567\tx1134\tx1170\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin26\lin630\itap0\pararsid2187 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid6647181 
\hich\af277\dbch\af31505\loch\f277 [53}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 \hich\af277\dbch\af31505\loch\f277 ]\tab T}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187\charrsid2187 
\hich\af277\dbch\af31505\loch\f277 he Court is given an unfettered }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 \hich\af277\dbch\af31505\loch\f277 discretion to stay or restrain }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid2187\charrsid2187 \hich\af277\dbch\af31505\loch\f277 any suit or proceeding}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 \hich\af277\dbch\af31505\loch\f277  pending against the company}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid2187\charrsid2187 \hich\af277\dbch\af31505\loch\f277  at any time after the presentation of a winding-up petition, and before a windi}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 
\hich\af277\dbch\af31505\loch\f277 ng-up order has been made.
\par \hich\af277\dbch\af31505\loch\f277 [54]\tab The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12209901 \hich\af277\dbch\af31505\loch\f277 L}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 \hich\af277\dbch\af31505\loch\f277 
earned Master granted a stay on winding-up petition filed by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12209901 \hich\af277\dbch\af31505\loch\f277 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 
\hich\af277\dbch\af31505\loch\f277 etitioner before he makes a winding-up order.\hich\af277\dbch\af31505\loch\f277  It is obvious that the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid12209901 \hich\af277\dbch\af31505\loch\f277 L}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 \hich\af277\dbch\af31505\loch\f277 earned Master }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2323615 \hich\af277\dbch\af31505\loch\f277 
had exercised his unfettered discretion in granting the stay.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2187 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9849160 \hich\af277\dbch\af31505\loch\f277 [55]\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14498772 \hich\af277\dbch\af31505\loch\f277 
The most important statement on the rule of an appellate court in a discretionary matter is that of Lord Diplock in }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \i\f277\fs24\insrsid14498772\charrsid9129283 \hich\af277\dbch\af31505\loch\f277 
Hadmor Production Ltd v Hamilton}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14498772 \hich\af277\dbch\af31505\loch\f277  [\hich\af277\dbch\af31505\loch\f277 1983]1 AC 191. His Lordship said, at p.220:}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid9849160 
\par }\pard \ltrpar\qj \fi-630\li1062\ri720\sa200\sl276\slmult1\widctlpar\tx567\tx1134\tx1170\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin720\lin1062\itap0\pararsid351541 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid289491 \tab }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid2975124 \tab }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid2975124\charrsid289491 \loch\af277\dbch\af31505\hich\f277 \'93\loch\f277 Upon an appeal from the judge\hich\f277 \rquote \loch\f277 
s grant or refusal of an [interim] injunction the function of an appellate court, whether it be the Court of Appeal or our lordship\hich\f277 \rquote \loch\f277 s House, is not to exercise an independent \hich\af277\dbch\af31505\loch\f277 
discretion of its own. It must defer to the judge\hich\f277 \rquote \loch\f277 s exercise of his discretion and must not interfere with it merely upon the ground that the members of the appellate court would have exercise}{\rtlch\fcs1 \af31507 
\ltrch\fcs0 \i\f277\insrsid11940933 \hich\af277\dbch\af31505\loch\f277 d}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid2975124\charrsid289491 \hich\af277\dbch\af31505\loch\f277  the discretion differently. }{\rtlch\fcs1 \af31507 \ltrch\fcs0 
\i\f277\insrsid9908643\charrsid289491 \hich\af277\dbch\af31505\loch\f277  The function of the appellate cou\hich\af277\dbch\af31505\loch\f277 rt is }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid12735231\charrsid289491 
\hich\af277\dbch\af31505\loch\f277 initially}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid11940933 \hich\af277\dbch\af31505\loch\f277  one of }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid11940933\charrsid289491 \hich\af277\dbch\af31505\loch\f277 
review}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid9908643\charrsid289491 \hich\af277\dbch\af31505\loch\f277  only. It may set aside the judge\hich\f277 \rquote \loch\f277 s }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid12735231\charrsid289491 
\hich\af277\dbch\af31505\loch\f277 exercise of the discretion on the ground that it was based upon a misunderstanding of the law or of the evidence before him or upon an interference that particular facts existed or did not ex
\hich\af277\dbch\af31505\loch\f277 
ist, which, although it was one that might legitimately have been drawn upon the evidence that was before the judge, can be demonstrated to be wrong by further evidence that has become available by the time of the appeal; or }{\rtlch\fcs1 \af31507 
\ltrch\fcs0 \i\f277\insrsid15028967\charrsid289491 \hich\af277\dbch\af31505\loch\f277 upon the ground that there has \hich\af277\dbch\af31505\loch\f277 
been a change of circumstances after the judge made his order that would have justified his acceding to an application to vary it. Since reasons given by judges for granting or refusing [interim] injunctions may sometimes be sketchy, there may also be occ
\hich\af277\dbch\af31505\loch\f277 a\hich\af277\dbch\af31505\loch\f277 sional cases where even though no erroneous assumption of law or fact can be identified the judge\hich\f277 \rquote \loch\f277 
s decision to grant or refuse the injunction is so aberrant that it must be set aside upon the ground that no reasonable judge regardful of his duty to act j\hich\af277\dbch\af31505\loch\f277 u\hich\af277\dbch\af31505\loch\f277 
dicially could have reached it. It is only if and after the appellate court has reached the conclusion that the judge\hich\f277 \rquote \loch\f277 
s exercise of his discretion must be set aside for one or other of these reasons, that it becomes entitled to exercise an original discre\hich\af277\dbch\af31505\loch\f277 t}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid289491\charrsid289491 
\hich\af277\dbch\af31505\loch\f277 \hich\f277 ion of its own\'94.}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid14498772\charrsid289491 
\par }\pard \ltrpar\qj \fi-630\li630\ri26\sa200\sl360\slmult1\widctlpar\tx567\tx1134\tx1170\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin26\lin630\itap0\pararsid2187 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid14498772 
\hich\af277\dbch\af31505\loch\f277 [56]\tab In }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\i\f277\fs24\insrsid14498772\charrsid16015374 \hich\af277\dbch\af31505\loch\f277 Adomson v Halifax plc}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid14498772 \hich\af277\dbch\af31505\loch\f277  [2002] EWCA Civ 1134, [2003] 1 WLR 60}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9129283 \hich\af277\dbch\af31505\loch\f277 , the court observed:}{\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid14498772 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9129283 \tab }{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid9129283\charrsid9129283 \loch\af277\dbch\af31505\hich\f277 \'93\loch\f277 
The discretionary decisions may be reversed on appeal where the judge below erred in principle in his approach, or left out of account or took into \hich\af277\dbch\af31505\loch\f277 account some feature he}{\rtlch\fcs1 \af31507 \ltrch\fcs0 
\i\f277\insrsid11940933 \hich\af277\dbch\af31505\loch\f277  should}{\rtlch\fcs1 \af31507 \ltrch\fcs0 \i\f277\insrsid9129283\charrsid9129283 \hich\af277\dbch\af31505\loch\f277 \hich\f277 
 should not have considered, or that his decision was wholly wrong because he failed to balance the various factors fairly in the scale.\'94
\par }\pard \ltrpar\qj \li0\ri26\sa200\sl360\slmult1\widctlpar\tx0\tx90\tx1170\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin26\lin0\itap0\pararsid4877851 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10774538\charrsid10100105 
\hich\af277\dbch\af31505\loch\f277 The ground upon which the winding-up}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid4877851\charrsid10100105 \hich\af277\dbch\af31505\loch\f277  application was based is diminished }{\rtlch\fcs1 
\af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10774538\charrsid10100105 
\par }\pard \ltrpar\qj \fi-630\li630\ri26\sa200\sl360\slmult1\widctlpar\tx567\tx1134\tx1170\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin26\lin630\itap0\pararsid4877851 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10774538\charrsid10100105 
\hich\af277\dbch\af31505\loch\f277 [57]\tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7105974 \tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4877851\charrsid10100105 \hich\af277\dbch\af31505\loch\f277 I was just informed 
}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 that }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4877851\charrsid10100105 \hich\af277\dbch\af31505\loch\f277 
the judgment entered in Civil Action HBC No}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277  46 of 2013}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4877851\charrsid10100105 
\hich\af277\dbch\af31505\loch\f277  against the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105 \hich\af277\dbch\af31505\loch\f277 
espondent}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4877851\charrsid10100105 \hich\af277\dbch\af31505\loch\f277  in its absence upon which the}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7082595\charrsid10100105 
\hich\af277\dbch\af31505\loch\f277  winding-up petition was based is now set aside. Counsel appearing for the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10100105 \hich\af277\dbch\af31505\loch\f277 ppellant }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7082595\charrsid10100105 \hich\af277\dbch\af31505\loch\f277 confirms this. As a result, the ground 
\hich\af277\dbch\af31505\loch\f277 upon which the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105 
\hich\af277\dbch\af31505\loch\f277 ppellant}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7082595\charrsid10100105 \hich\af277\dbch\af31505\loch\f277  relied for winding-up}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105 
\hich\af277\dbch\af31505\loch\f277  of the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105 \hich\af277\dbch\af31505\loch\f277 
espondent }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11940933 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7082595\charrsid10100105 \hich\af277\dbch\af31505\loch\f277 
 is now extinguished.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105\charrsid10100105 \hich\af277\dbch\af31505\loch\f277  This means there is no ground for the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 
\hich\af277\dbch\af31505\loch\f277 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105 \hich\af277\dbch\af31505\loch\f277 ppellant}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105\charrsid10100105 
\hich\af277\dbch\af31505\loch\f277  to maintain the winding-up petition filed against the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10100105 \hich\af277\dbch\af31505\loch\f277 espondent}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105\charrsid10100105 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid11940933\charrsid10100105 \hich\af277\dbch\af31505\loch\f277 Company}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105\charrsid10100105 .}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid7082595\charrsid10100105 \hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105 \hich\af277\dbch\af31505\loch\f277 The appeal could be dismissed on this ground alone. So I do. }{
\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid10100105 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl360\slmult1\widctlpar\tx567\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid9977424 
\hich\af277\dbch\af31505\loch\f277 Conclusion
\par }\pard \ltrpar\qj \fi-540\li540\ri0\sa200\sl360\slmult1\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin540\itap0\pararsid4859286 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10100105 
\hich\af277\dbch\af31505\loch\f277 [58}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid5703770 \hich\af277\dbch\af31505\loch\f277 ]\tab 
The learned Master has granted the stay on the winding-up petition exercising his unfettered discretion given to him under section 224 of the Compa}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid7105974 \hich\af277\dbch\af31505\loch\f277 
nies Act (repealed Act). }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4859286\charrsid4859286 \hich\af277\dbch\af31505\loch\f277 The di\hich\af277\dbch\af31505\loch\f277 scretionary decisions may be reversed on appeal where the judge below}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4859286 \hich\af277\dbch\af31505\loch\f277  (in this instance the Master)}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4859286\charrsid4859286 \hich\af277\dbch\af31505\loch\f277  err}{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4859286 \hich\af277\dbch\af31505\loch\f277 ed in principle in his approach. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4859286\charrsid4859286 \hich\af277\dbch\af31505\loch\f277  }{
\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4859286 \hich\af277\dbch\af31505\loch\f277 In my view, the learned Master correctly applied the relevant law to the facts and balanced the various factors fairly \hich\af277\dbch\af31505\loch\f277 
in the scale. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid351541 \hich\af277\dbch\af31505\loch\f277 I am not convinced that the learned Master erred in principle in his approach. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid4859286 \hich\af277\dbch\af31505\loch\f277 Therefore, the learned Master\hich\f277 \rquote \loch\f277 s decision to grant a stay on the winding-up proceedings should not be reversed on }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid351541 \hich\af277\dbch\af31505\loch\f277 this }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid4859286 \hich\af277\dbch\af31505\loch\f277 appeal. Additionally, t}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10562413 \hich\af277\dbch\af31505\loch\f277 he }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277 ppellant has lost \hich\af277\dbch\af31505\loch\f277 the ground for }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 w}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10562413 \hich\af277\dbch\af31505\loch\f277 inding-up of the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277 espondent company as }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 a }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277 result of the setting aside }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 of }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277 the judgment which the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277 ppellant relied upon. The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 winding-}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277 up application filed by the }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9977424 \hich\af277\dbch\af31505\loch\f277 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277 ppellant has become }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3223893 \hich\af277\dbch\af31505\loch\f277 unsustainable. }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10562413 
\hich\af277\dbch\af31505\loch\f277  }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3223893 \hich\af277\dbch\af31505\loch\f277 The appeal could be dismissed on this ground \hich\af277\dbch\af31505\loch\f277 
alone. I would, therefore, dismiss the appeal with costs of $1,000.00, which is summarily assessed.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050 
\par }\pard \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10321050 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid9977424 
\hich\af277\dbch\af31505\loch\f277 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid14774520 \hich\af277\dbch\af31505\loch\f277 R}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid9977424 
\hich\af277\dbch\af31505\loch\f277 esult}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid14774520 \tab }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid9977424 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid9849160 \hich\af277\dbch\af31506\loch\f277 1)\tab}}\pard\plain \ltrpar\s15\qj \fi-360\li720\ri0\sa200\widctlpar
\tx1134\wrapdefault\aspalpha\aspnum\faauto\ls4\adjustright\rin0\lin720\itap0\pararsid351541\contextualspace \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 \f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 {\rtlch\fcs1 \af31507\afs24 
\ltrch\fcs0 \f277\fs24\insrsid9849160 A}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid9849160 ppeal }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9849160 dismissed.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid10321050 
\par }\pard \ltrpar\s15\qj \li720\ri0\sa200\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid3284911\contextualspace {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid3284911 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af31507 \ltrch\fcs0 \f277\insrsid10321050\charrsid351541 \hich\af277\dbch\af31506\loch\f277 2)\tab}}\pard \ltrpar\s15\qj \fi-360\li720\ri0\sa200\widctlpar
\tx1134\wrapdefault\aspalpha\aspnum\faauto\ls4\adjustright\rin0\lin720\itap0\pararsid351541\contextualspace {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid351541 The }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\f277\fs24\insrsid14774520\charrsid351541 P}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid351541 etitioner will }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid11940933\charrsid351541 pay costs of $1,000.00 to the R
}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid9849160\charrsid351541 espondent in 21 days.}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid351541 
\par }\pard\plain \ltrpar\qj \li0\ri0\sa200\sl276\slmult1\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid351541 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af31506\hich\af31506\dbch\af31505\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \f277\fs24\insrsid10321050\charrsid351541 
\par }\pard\plain \ltrpar\s15\qc \li720\ri0\sa200\sl276\slmult1\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10321050\contextualspace \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
\f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 {\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid3284911 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050\charrsid11013100 \'85\'85\'85\'85\'85\'85\'85\'85\'85\'85.....}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid9849160 ...}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 
\b\f277\fs24\insrsid10321050\charrsid11013100 
\par M H Mohamed Ajmeer}{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\insrsid10321050 
\par }{\rtlch\fcs1 \af31507\afs24 \ltrch\fcs0 \b\f277\fs24\ul\insrsid10321050\charrsid11013100 JUDGE
\par }\pard\plain \ltrpar\qj \li0\ri0\sa200\widctlpar\tx1134\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid351541 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 
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