Bahadukali v Springs International Hotel Limited (COMPANY CAUSE NO. 5 OF 2019)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that a winding-up petition based on a judgment debt is incompetent where service of the statutory demand is not properly evidenced by affidavit and where the underlying debt is subject to a pending appeal. Insolvency proceedings should not be used as a debt collection mechanism when the debtor genuinely disputes the debt on substantial grounds. The petition was dismissed.
Outcome
Winding-up petition dismissed; respondent company not wound up
Facts
The petitioner obtained a judgment against Springs International Hotel Limited for US $83,625 and UGX 8,000,000 in HCCS No. 731 of 2014. The respondent allegedly failed to satisfy the decree despite applications for stay of execution being refused for want of security. The petitioner served a statutory demand on 25 May 2018 which the respondent allegedly ignored, prompting the winding-up petition. The respondent denied service of the statutory demand, disputed the debt, and stated that the judgment was subject to a pending appeal in the Court of Appeal. The respondent had filed a Notice of Appeal and requested proceedings, and had also applied for a stay of execution in the Court of Appeal on grounds that the High Court's stay terms were oppressive.
Issues
- Whether the statutory demand was duly served on the respondent before filing of the winding up petition?
- Whether the respondent is unable to pay its debts?
Orders
- Petition dismissed.
- No order as to costs.
Rules and key headnotes
Legislation cited (7)
Cases cited (4)
- Chan Siew Lee Jannie v Australia and New Zealand Banking Group Ltd [2016] 3 SLR 239
- Cambridge Gas Transportation Corp v Official Committee of Unsecured Creditors of Navigator Holdings Plc [2007] 1 AC 508
- Re A Company (No. 001573 of 1993) [1983] BLC 492
- Tallington Lakes v Ancasta International Boat Sales [2012] EWCA Civ 1712
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.