Jomayi Property Consultants Limited v NC Bank Uganda Limited
Jomayi Property Consultants Limited v NC Bank Uganda Limited (Civil Application 285 of 2024) [2024] UGCA 313 (12 November 2024)
The Court of Appeal has jurisdiction to entertain the application for stay of execution and winding up proceedings in exceptional circumstances where the High Court has not addressed the matter in good time and the applicant faces imminent threat of liquidation. The applicant demonstrated a likelihood of success on appeal, as the memorandum of appeal raises triable issues regarding the insolvency orders. The applicant also established that it would suffer irreparable loss if winding up proceeds, as the company's existence would be threatened and such loss cannot be compensated by damages. The…
Source excerpt
- Stay Of Execution
- Winding Up Proceedings
- Company Liquidation
- Appeal Rights
- Balance Of Convenience