ABBAN J. A.: This is an interlocutory appeal from the ruling of the High Court, Accra dated 2 July 1985. In that ruling the learned High Court judge refused to grant the appellants (hereafter called the plaintiffs) an interim injunction restraining the respondents (hereafter called the defendants) from suspending the first plaintiff as the managing director pending the determination of the suit.
The plaintiffs had sued for the following reliefs:
(1) an order to restrain the defendants from taking decisions which are contrary to the regulations of Redco Ltd., a limited liability company registered under the Companies Code, 1963 (Act 179); and
(2) An order of the court to declare the decision contained in the first defendant’s letters dated 8 and 22 May 1985 void and of no effect.”
The two plaintiffs in the court below were Mr Montero and a Spanish group of companies with a long name. For the sake of brevity they will hereinafter be referred to as the Spanish group. The defendant’s were als…