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TR
Cheddar’s application thrown out, High Court awards GH¢20,000 costs against him in Cola Holdings case
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MyJoyOnline
Cola Holdings guaranteed the loan to Kensington Residential Partners 1 Ltd, a company in which Mr Bediako and Azad Cola hold shares.
Following default, IFC called on Cola Holdings as guarantor to settle the loan, which Cola Holdings did.
Assets within the jurisdictionCentral to the court's decision was the finding that Cola Holdings holds identifiable assets within Ghana.
Costs awardedThe court awarded costs of GH₵20,000 against Mr Bediako.
Cola Holdings and the Receiver were represented in the injunction application by Tsatsu Tsikata and Tata Kosi Foliba, while Mr Bediako was represented by Bobby Banson.