Alleged $53,026 debt: Court to hear winding-up petition against Frutta Juice

A winding-up petition against fashionable beverage company, Frutta Juice and Services Limited, implicit an alleged $53,026.26 indebtedness is acceptable for proceeding pursuing an bid by a Federal High Court sitting successful Lagos.

The $53,026.26 indebtedness is allegedly owed to Saudi Modern Packaging Factory Co. Ltd., the petitioner successful the case.

The presiding judge, Justice Musa Kakaki, had connected July 24, 2026, granted Saudi Modern Packaging Factory Co. Ltd. permission to advertise its petition seeking the winding-up of the company.

In the petition numbered FHC/L/CP/802/2023, filed earlier the Federal High Court successful Lagos successful April 2023, the petitioner alleged that Frutta Juice was incapable to wage the outstanding indebtedness contempt repeated demands.

Following the order, the petition was advertised successful nationalist regular newspapers connected August 13, 2026. Creditors and contributories of Frutta Juice were notified of the proceedings, and those wishing to enactment oregon reason the petition were invited to look astatine the hearing.

The tribunal had earlier considered an exertion by the petitioner seeking support to advertise the winding-up...