David Mpanga & Anor v Roliat Property Agency Ltd (Civil Suit No. 7 of 1998) (Civil Suit No. 7 of 1998)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the preliminary objection challenging the validity of the debenture failed. No evidence of fraud or forgery was proved, and the certificate of registration issued by the Registrar of Companies under s.99 of the Companies Act was conclusive evidence that registration requirements were satisfied. The respondent landlord lacked standing to challenge the receivership and must submit its claim as a creditor to the receiver rather than obstruct receivership operations. The respondent was ordered to retract its damaging newspaper publication and pay costs.
Outcome
Application granted with orders directing respondent to cease obstruction of receivership, submit claims through proper channels, retract damaging publication, and pay costs
Facts
The first applicant was appointed receiver of Beaton Bakery & Confectionery Ltd by DFCU under a mortgage debenture. The second applicant owed rent arrears to the respondent landlord. The respondent held property of the company under receivership and denied the receiver access to it. The receiver advised the respondent to submit its claim as a creditor. Instead, the respondent published a notice in the New Vision newspaper alleging irregular circumstances and challenging the receivership. The receiver applied for court directions under s.352 of the Companies Act. The parties initially signed a consent order on 11 November 1998 whereby the respondent undertook not to obstruct the receivership and to present its claims to the receiver. At the full hearing, the respondent raised a preliminary objection alleging the debenture was defective because the word April appeared to have been cancelled and replaced with July, suggesting fraudulent backdating to avoid registration time limits under s.96 of the Companies Act.
Issues
- Whether the debenture pursuant to which the first applicant was appointed receiver was defective and the appointment therefore unlawful.
- Whether the respondent landlord should be restrained from obstructing the receiver's management of the company under receivership.
- Whether the respondent should be ordered to retract allegedly false statements published in a newspaper concerning the receivership.
Orders
- The respondent shall submit its claims to the receiver for settlement pursuant to the rules governing receivership.
- The respondent shall desist from interfering with the work of the receiver.
- The respondent is ordered to retract its publication in the New Vision newspaper in a very distinct space of the same newspaper.
- The respondent shall pay the costs of these proceedings to the first applicant.
Rules and key headnotes
Legislation cited (5)
- Companies Act Cap.85 s.352
- Companies Act Cap.85 s.96
- Companies Act Cap.85 s.99
- Companies Act Cap.85 s.102
- Civil Procedure Rules Order 34A Rule 6(r)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.