AGRICULTURAL DEVELOPMENT BANK vs. JOSEPH KODUA COMPANY & 2 ORS.

This is a debt recovery action in which the Plaintiff bank seeks to recover an amount of GH¢ 390, 275.56 arising from unpaid credit facility granted by the plaintiff to the 1st Defendant and interest thereon from 1/11/2014 to the date of final payment. Details of the grant of the credit facility and the events leading to the default are adequately captured in the Plaintiff's statement of claim filed on 28/01/15. The 1st and 2nd defendants caused their solicitor to enter appearance on their behalf on 27/02/2015 and he proceeded to file a defence. However, the 3rd Defendant was served with the writ of summons and statement of claim by substituted service by an order of this court dated 18/03/2016 but he failed to enter appearance. After the pre-trial stage, the court gave further directions as to the filing of witness statements. Counsel for the 1st and 2nd Defendants who was not in court at the time orders were made for the filing of witness statements was duly served with the....