Description

This appeal arises from the judgment of the Federal High Court, Lagos Judicial Division, delivered by Honourable Justice Saliu Saidu on 16th September 2016. The proceedings at the lower court originated from a winding-up petition filed on 26th April 2013 by the Respondent (as Petitioner) against the 1st and 2nd Appellants. In the petition, the Respondent sought an order winding up the 1st Appellant company, Babybird Cosmetics Limited, on the ground that its affairs were being conducted in an oppressive and prejudicial manner. Alternatively, she prayed the court to make such other orders as would be just and equitable.