The Accra High Court has stopped the Official Receiver from closing down Zeepay Ghana Limited. This decision came after the regulator tried to get an order to wind up the company.
The court found that the Official Receiver made a mistake by using a motion instead of a proper petition to ask for the company’s closure.
This means Zeepay Ghana Limited will continue its operations as the court has quashed the winding up order.
The ruling highlights the importance of following correct legal procedures in regulatory actions.