SHUAIBU J (Delivering the Ruling): Pursuant to sections 411 and 412 of the Companies and Allied Matters Act, 1990; Rules 4, and 183 of the Companies Winding-up Rules 2001; Order 3, rule 2 of the Federal High Court (Civil Procedure) Rules 2000 and under the inherent jurisdiction of the court, the respondents/applicants pray for:
1. AN ORDER dismissing the petition herein for the winding-up of New Century Law Publishers Ltd. dated 29th October, 2003.
ALTERNATIVELY:
2 AN ORDER staying all further proceeding in the petition herein dated 29/10/2003 pending:-
(a) Arbitration between the petitioner and 2nd respondent under the agreement between them dated 25th January, 2000.
AND for such further and or other orders as may deem fit in the circumstances.
The grounds upon which this application is predicated are:-
(i) The petition is an abuse of court process.
(ii) The petition is not bona fide.
(iii) The petition does not disclose a reasonable cause of action.
(iv) The petition is incompetent.
In…