Bender Ventures Ltd v Registrar of International Business Companies (MC 49/2021) [2021] SCSC 957 (21 July 2021)

SUPREME COURT OF SEYCHELLES

Reportable

[2021] SCSC 456

MC 49/2021

In the matter of:

BENDER VENTURES LTD Petitioner

(rep. by Serge Rouillon)

And

REGISTRAR OF INTERNATIONAL BUSINESS COMPANIES Respondent

(rep. by Basil Hoareau)

Neutral Citation: Bender Ventures Ltd vs. Registrar of International Business Companies (MC 49/2021) [2021] SCSC 456 (21^st July 2021)

Before: Dodin J.

Summary: Restoration of company to register – Section 277 of International Business Companies Act 2016

Heard: 21^st July 2021

Delivered: 21^st July 2021

ORDER

The company Bender Ventures Ltd is restored to the Register of International Business Companies upon the meeting of all legal requirements under the International Business Companies Act 2016 after making all payments of fees and penalties due and payable under the Act.

This Order shall be served on the Registrar of International Business Companies.

JUDGMENT

DODIN J.

1. The company Bender Ventures Ltd having registration number 049461 was incorporated in Seychelles as an International Business Company under the International Business Companies Act 1994. The registered address of the company is Crystal (Seychelles) Limited of Crystal Offices, OT Centre, Victoria, Mahe, Seychelles.

2. The Company was dissolved pursuant to the International Business Companies Act 2016 on the 22^nd February 2021. The Company owns assets and shares and has other commercial obligations which it is unable to deal with, since it currently stands dissolved.

3. The company’s commercial obligations, assets and shares are in a company in Hungary and needs to be restored to the Register of International Business Companies for it to continue its business activities and have access to its assets and shares.

4. The Petitioner now moves the Court to order the restoration of the Company to the register of International Business Companies. The Petition is supported by an Affidavit of Warwick Management Ltd representative, Ms Bervery Jean of Le Niole, Mahe, Seychelles.

5. The Respondent does not oppose the Petition provided the Company makes all payments of fees and penalties due for the restoration of the Company to the Register of International Business Companies.

6. Having considered the Petition, the Affidavit of Ms Bevery Jean and submissions of Learned Counsel I find that there is merit in the Petition and that it is just and necessary that the Company Bender Ventures Ltd be restored to the Register of International Business Companies so that the Company can proceed to deal with the assets and shares of the Company.

7. I therefore Order that the Company Bender Ventures Ltd be restored to the Register of International Business Companies upon meeting all legal requirements under the International Business Companies Act 2016, including payment of all fees and penalties due and payable under the Act.

8. A copy of the Order to be served on the Registrar of International Business Companies.

9. I make no order for costs.

Signed, dated and delivered at Ile du Port on 21^st July 2021.

____________

Dodin J