LARTEY J.A.
This is an application for stay of execution of the ruling and orders contained in the decision of the High Court, Tema, made on 13th June, 2002. By the orders, a Receiver/Manager was appointed for the first defendant/company, and all the four directors in this suit were also restrained from holding themselves out as directors.
The main argument which was canvassed in support of this application was that the ruling and orders emanating therefrom are so manifestly wrong and unlawful that they ought not be allowed to be acted upon or enforced in law until the final determination of the appeal. The point was made that having regard to the endorsement on the writ of summons and the statement of claim it was obvious that the plaintiffs claim was for a collection of certain rights. Indeed there was no claim for Receiver/Manager; neither was there any claim for injunction against the directors. It was thus submitted that where a party to an action fails to make a final claim in his…