Legal Nuggets (70): Whether Assets of Company Being Wound-up Can be Attached.- By Adedotun Habeeb Adetunji, LL.M (M.IoD), FCAI

N.D.I.C v Ifediegwu [2003] 1 NWLR Pg 81, para D-E

ISSUE
Winding up : Whether assets of company being wound-up can be attached

PRINCIPLE
S. 414 is also hereunder reproduced for its effect:- "414. Where a company is being wound-up by the court, any attachment, sequestration, distress or execution put in force against the estate or effects of the company after the commencement of the winding-up shall be void. "It flows from the foregoing provisions that with the lower court's order for the winding-up of CCB and the appointment of the appellant as the liquidator, it was impossible to attach the wound-up company's property. Per Muhammad J.C.A