The Abi Associates v. the State of Transport
Case brief
What is this about?
A financier sought release of an Omni bus hypothecated by a defaulting borrower by paying outstanding road tax arrears. The Court directed the transport authority to release the vehicle within two weeks upon satisfaction of financing requirements and tax clearance.
What did the court decide?
Directed the Second Respondent to release the Omni bus to the Petitioner within two weeks upon payment of tax arrears and submission of financing proof.