A business application made by Nana Kwame Bediako, known as Cheddar, has been dismissed by the High Court in Accra. He had asked the court to stop Cola Holdings Limited from enforcing a 14.9 million dollar judgment against him.
The court ruled against Cheddar's application. It also ordered him to pay 20,000 cedis in costs to Cola Holdings Limited.
Cheddar's legal team filed the application. They sought to prevent Cola Holdings from taking action to collect the debt awarded by an English High Court.
Details of the original judgment and the reasons for Cheddar's application were not fully disclosed in the ruling.
The case involves a significant financial dispute between Cheddar and the UK-based company.
The court's decision means Cola Holdings can now proceed with efforts to recover the awarded sum.
This ruling is a setback for Cheddar in his attempt to delay or avoid payment of the debt.
The legal proceedings highlight the complexities of international debt recovery and enforcement.