A.G. KARIBI-WHYTE, JSC (Delivering the Leading Judgment): The gravamen of the issues argued in this appeal are around contentions whether appellant was validly removed as the managing director and director of the 1st respondent and surrendered his interests in the company and whether he can institute this action in respect of the wrongs he claimed were done by the 2nd-6th respondents.
Appellant is an engineer and until the 21st August, 1979 claimed to be and was accepted by all as the managing director of the 1st respondent company. He was also together with the 3rd, 4th and 5th respondents, (directors of the 1st respondent company) a promoter of the 1st respondent company. The 2nd and 6th respondents subsequently were appointed directors of the 1st respondent company. The 7th respondent was the original bankers of the 1st respondent company. The eighth respondent became its banker when dispute arose as to the control of the finances of the company. The protracted litigation which ema…