The Court of Appeal in Lagos,
yesterday, struck out all Ecobank’s applications to prevent Honeywell from
taking advantage of a prior judgement of the Appeal Court in favour of
Honeywell.
The Appeal Court earlier delivered a judgement
on March 30, setting aside and condemning the grant of exparte orders by the
Federal High Court in favour of Ecobank as injudicious.
However, Ecobank filed a motions for
injunctions pending appeal with a view to prevent Honeywell from taking full
advantage of the judgement delivered in it’s (Honeywell’s) favour by the Appeal
Court.
Honeywll also filed a
counter affidavit in response to the motions for injunctions filed by Ecobank.
When the matter again came up for hearing on Tuesday, June 28, 2016, at the
Appeal Court, the court struck out Ecobank’s motion for injunction pending
appeal in suit no: CA/L/1247/2015, dated 31st March, 2016; Ecobank’s motion for
stay of proceedings in suit no: CA/L/1270/2015, dated 1st April, 2016; and
Ecobank’s motion for stay of proceedings in suit no: CA/L/65/2016, also dated
1st April, 2016.
By filing the motions for
injunctions, Ecobank had sought to prevent smooth operations of Honeywell and
its related businesses. But the decision of the Court of Appeal to strike out
all Ecobank’s applications is to the effect that Ecobank cannot restrict
Honeywell’s related businesses. It will be recalled that the Federal High Court
of Lagos, through a judgement by Justice Jude Dagat, delivered on June 27,
2016, also struck out Ecobank’s petitions against Honeywell and its sister
companies in a related matter.
No comments:
Post a Comment