Muscle Construction Limited v Bavima Steels Limited & Another
Muscle Construction Limited v Bavima Steels Limited & Another (Miscellaneous Application 1256 of 2024) [2024] UGCommC 260 (27 August 2024)
The court found that the Objector, Muscle Construction Ltd, was incorporated and operated as a sham to assist the Judgment Debtor in evading satisfaction of the judgment debt. The Objector's documentation, including trade licenses and tax invoices, was inconsistent and suspicious, with significant gaps in financial evidence and misleading information regarding its registered office and business premises. The Objector failed to prove bona fide ownership or independent possession of the attached goods, and the historical context indicated collusion and a deliberate scheme to frustrate execution…
Source excerpt
- Objector Proceedings
- Attachment Of Property
- Corporate Personality Abuse
- Badges Of Fraud
- Execution Of Decree