Court Sets December 12 For Rungas Green Wind-Up Advert Bid Hearing

The Federal High Court sitting in Lagos on Wednesday adjourned till December 12 to hear a petition seeking to wind up a firm known as Rungas Green Technology Limited.

Justice Yelim Bogoro fixed the fresh date following an application from Mr. Akolade Owolabi, who is counsel to the petitioner, Tetracore Energy Limited.

Tetracore Energy’s prayer, as canvassed in its October 3, 2023 motion on notice is for “An order of this honourable court granting leave to the Petitioner to advertise the petition filed in this suit dated the 29th day of September, 2023 in one national daily newspaper and one other newspaper circulating in Lagos State and/or a Gazette.”

Granting Kolade’s prayer, Justice Bogoro held: “In view of the nature of this case which is seeking the leave of this court to advertise, I hereby fix the 12th of December to hear the motion being urgent in nature.

“I also order that hearing notice should be issued on all the respondents.”

The applicant backed the motion with an October 3 affidavit in support of the motion on notice sworn by Mr. Babatunde Fasasi, the litigation officer of the law firm of Davids & Co,

Fasasi averred that the Petitioner filed a Petition dated the 29th day of September, 2023 for winding up in this suit.

“The said Petition has been served on the Respondent of which the proof of service alteady forms part of the record of the Court.

“The Petition was accompanied by a verifying affidavit deposed to by the Petitioner’s legal counsel and same has also be served on the Respondent.

“That it has become pertinent for the Petitioner to advertise the Petition in one national daily newspaper and one other newspaper circulating in Lagos State and/or a Gazette.

“That it will be in the interest of Justice if this application is granted

“That the Respondent will not be prejudiced in any way whatsoever by of this application.”