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Court Puts Injunction On Stanbic Bank AGM peacefmonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peacefmonline.com Daily Mail and Mail on Sunday newspapers.
Court slaps injunction on Stanbic Bank AGM LISTEN
APR 30, 2021
A High Court in Accra has slapped an interlocutory injunction restraining the management of Stanbic Bank Ghana Limited from holding its 22nd Annual General Meeting (AGM).
According to the court order, the defendant are barred from holding the said meeting which is scheduled for May 5, 2021 “on the 4th floor, Stanbic Heights, Airport, Accra or any venue in Ghana or beyond.”
The order is to last for 10 days after which another application is to be repeated on notice.
The injunction follows a suit filed by Union Mortgage Bank Limited and a Real Property Consultant, Kwame Charles Serbeh-Yiadom, challenging the incorporation of Stanbic Bank Ghana Limited in accordance with the Companies Act, 1963 (Act 179).