CFAO GHANA LIMITED (PLAINTIFF) vs. CIG MICROFINANCE (GH.) LTD. (DEFENDANT)

On the 11th day of January 2016, the Plaintiff issued a writ against the defendant for the recovery of the sum of GH¢253,128.00 together with interest being the unpaid balance of the cost of seven (7) vehicles which the Plaintiff sold to the Defendant. The instant application seeks an order from the court to preserve the seven (7) vehicles sold to the defendant. The motion comes with a supporting affidavit and it is also opposed by the defendant whose reasons for so doing are set out in an affidavit in opposition. The Plaintiff says that the total cost of the seven buses was GH¢636,800.00 and that the defendant paid, in accordance with the agreement reached by the parties, fifty percent (50%) of the total purchase price. The remaining balance was to be spread over 120 days and paid in instalments. For that reason, the defendant gave some post-dated cheques to the plaintiff to cover the remainder of the purchase price but when the cheques were presented on the due dates, they were un.....