GCB BANK LTD vs. ATO KWAMINA ARHIN

The Plaintiff is a bank operating from various branches in Ghana including the Agona Swedru and the Boundary Road, Accra branches. The Defendant is the Managing Director of Rinacand Company Ltd., a limited liability company incorporated under the laws of the Republic of Ghana transacting business from its offices in Agona Swedru and Accra (hereinafter “Rinacand/the Company”). In the Plaintiff’s Statement of Claim, Plaintiff claims against the Defendant, as mortgagor and also in his personal capacity, the following reliefs: 1. An order for the judicial sale of the mortgaged properties described in the attached statement of claim in recovery of the judgment debt and cost awarded in favour of the Plaintiff in Suit No. C2/9/2011 entitled Ghana Commercial Bank Ltd. v. Rinacand Company Ltd. the repayment of which has been secured by the Defendant; 2. A further order for payment of any amount outstanding on the sale of the mortgaged properties; and 3. Cost of this suit. The mate...