Payporte Moves Against Winding Up Court Process Instituted By Creditor
Sponsors of the recently concluded 2018 Big Brother Naija reality TV show, Payporte Global System Ltd has asked a Federal High Court in Lagos to dismiss a suit seeking it’s closure.
The suit was filed by Vacant Boards Ltd.
In a notice of preliminary objection, Payporte contended that the court lacked jurisdiction to entertain the suit.
It described the suit as defective, null, void and an abuse of court process.
Payporte appealed to the court to dismiss the winding up suit with a substantial cost against the petitioner.
The News Agency of Nigeria (NAN) reports that the petitioner had in 2015 filed a debt recovery suit against Payporte before the court.
In a judgment delivered on May 27, 2016, the court awarded the sum of N23.1 million against Payporte in favour of Vacant Boards.
The petitioner, however, submitted that on Feb. 27, 2017, Payporte made a part payment of N5 million, leaving a balance of N17.1 million which it had yet to pay up in spite of demand letters.
It consequently filed a suit on Dec. 29, 2017, asking the court to order winding up of Payporte.
However, in the notice of preliminary objection on Wednesday, Payporte argued that the petition for winding up did not comply with the provisions of Sections 5 and 6 of the Companies Winding-Up Rules, 2001.
Payporte’s lead counsel, Mr Ogedi Ogu, informed the court of the notice of preliminary objection.
He also said that he had been served with a counter-affidavit by the petitioner, and would need time to respond to it.
Justice Ayokunle Faji thereafter, adjourned the case until June 12 for hearing.