PINACLE COMMERCIAL BANK LTD
V.
STEEL BELL NIG. LTD

OGUNTADE, JCA. (Read the Leading Judgment): The applicants were the defendants before the Lagos State High Court in a suit brought by the 1st, 2nd, and 3rd respondents as plaintiffs. The lower court had granted in favour of the plaintiffs upon an ex-parte application an order restraining the present applicants from selling the properties of the 3rd respondent. The properties are situate at Victoria Island, Lagos and the plaintiffs/respondents had mortgaged the said properties to the 1st applicant to secure a loan granted to the 1st to 3rd respondents. The applicants later brought an application before the lower court to set aside the ex-parte order. That application was heard together with plaintiffs’ application on notice for interlocutory injunction. The lower court in its ruling vacated the ex-parte order and dismissed plaintiffs’ application on notice for interlocutory injunction. The plaintiffs/respondents brought an appeal before this court against the ruling of the lower cour…