The cordial international trade relationship between two Limited Liability Companies, Tata Africa Services limited and Jasper Biochemicals and Allied Products Limited over the years has degenerated into legal hostility over a disputed debt.
The two parties are currently before a Lagos High Court sitting at Ikeja seeking the adjudication of the matter.
- A declaration that Tata Africa is in breach of sale of chemical Products of merchantable quality in the sum of N60,371,110 being the cost of chemical purchased in cash from the company which are expired, inferior and substandard.
- The sum of 17,286,000 being the cost to repair Jasper Biochemicals warehouse which damage was caused as a result of expired chemicals stored in the warehouse. N6,000,048 being the outstanding unpaid rent of the warehouse. Damages in the sum of N20million for breach of contract arising from the loss in cured as a result of sale of unfit and unsellable bad stock of food and industrial chemical Products which were returned by costumers as unsold.