The Tema Metropolitan Assembly (TMA) through its lawyers has managed to secure a stay of execution, halting a high court judgment ordering the auctioning of its properties to defray debts owed a construction company.
The Assembly has been in the news for the past weeks over an attempt by one of its creditors, Derkak Construction Company Limited to carry out an Accra High court order to auction the Assembly’s properties following its inability to pay a judgement debt of some Ghc4,425,845.00.
The the issue attracted public interest when the said creditor in the company of some security personnel stormed the offices of the Assembly to take possession of three pick-ups and a Toyota Prado following a court order .
The Tema Metropolitan Assembly is reported to have contracted Dekark to procure and fix some 3,000 streetlights in the metropolis.
The Assembly agreed to pay 40 percent of the contract sum after a successful procurement while the remaining 60 per cent would be paid in installments.
TMA, however, defaulted leading to the contractor initiating a suit against the Assembly and the subsequent judgement.
Lawyers for the Assembly on the orders of the Metropolitan Chief Executive managed to secure a “stay of execution on the ruling.
Officials of the assembly say the new development will give them ample time to study the case and act accordingly.
They are, therefore, urging workers and the general public who transact business with the Assembly to go about their normal duties.
Ghana| Atinkaonline.com| Philip Azu
