A Court of Appeal in Lagos has reserved judgment in the appeal filed by Honeywell Group, asking the court to vacate an order limiting its financial transaction.

The appellate court also reserved for judgment, Ecobank’s cross appeal bordering on the same subject matter.

Justice Mohammed Yunusa of a Federal High Court in Lagos had on December 14, 2015, issued the interim order in a suit between Ecobank Plc and Honeywell Group.

The suit was sequel to an alleged 3.5billion Naira unpaid loan facility granted by Ecobank to Honeywell.

Justice Yunusa had issued an interim order, limiting Honeywell to 15 million Naira weekly withdrawals from the company’s account.

Dissatisfied with the decision, Honeywell appealed and asked the court to set aside the interim order.

At the hearing of the appeal on Monday, the three-man panel of justices presided over by Justice Sidi Bage reserved judgment after lawyers in the matter adopted their briefs of arguments.