Ntwatwa Jackson v Hamid Mohammed Mohammed and Another (Miscellaneous Application 1073 of 2024)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court lifted the corporate veil of Aya Investments Uganda Limited to enable execution against its director, Hamid Mohammed Mohammed. The court found that the director had orchestrated fraudulent transfers of company funds to related entities and personal accounts to frustrate execution of a decree obtained in 2014. The applicant had exhausted all execution remedies over 11 years, satisfying the requirements under section 20 of the Companies Act.
Outcome
Corporate veil lifted; applicant may execute against first respondent personally
Facts
Ntwatwa Jackson obtained a decree in 2014 against Aya Investments (U) Ltd and others for UGX 200,000,000 plus interest and costs. Over 11 years, he attempted execution through multiple garnishee proceedings. On 19 May 2023, Aya Investments transferred funds to Aya Flour Mills SMC Limited, owned by Hamid Mohammed Mohammed, a director of Aya Investments. On 29 May 2024, when a garnishee was served on Equity Bank at 3:01pm, Hamid withdrew UGX 1,032,000,000 from Aya Flour Mills' account at 2:23pm the same day. A warrant of attachment failed because properties were registered in Hamid's personal name. Company records showed Hamid was a director and authorized signatory of Aya Investments. A motor vehicle registered as company-owned bore Hamid's name individually.
Issues
- Whether this matter reveals sufficient grounds for the lifting of the corporate veil of Aya Investments Uganda Limited, the second respondent?
- What remedies are available to the parties?
Orders
- The corporate veil of Aya Investments Uganda Limited is lifted.
- The applicant is permitted to commence execution proceedings against the first respondent, Hamid Mohammed Mohammed, for enforcement of the decree in HCCS No. 136 of 2014.
- Costs of the application awarded to the applicant.
Rules and key headnotes
Legislation cited (3)
Cases cited (2)
- Prest v Petrodel Resources Ltd (2013) All ER 90
- Bhatia and Another v Boutique & Shazim Ltd and 4 Others (Miscellaneous Application No. 123 of 2023)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.