UT BANK LTD. vs. NEW ERA MINING CONTRACTORS LTD. & 2 OTHERS

Against the backdrop of a judgment obtained by the Plaintiff/Applicant herein (hereinafter, the “Applicant”) on February 18, 2016 (hereinafter, the “Judgment”), against the 2nd and 3rd Defendants/Respondents (hereinafter, the “Respondents”), who had been sued jointly and severally with the 1st Defendant in the sum of Eight Hundred and Forty-three Thousand, Five Hundred and Twenty-six Ghana Cedis (GH¢843, 526.96) with interest calculable thereon at the prevailing bank rate and cost of Twenty Thousand Ghana Cedis (GH¢20,000.00), the Applicant has filed a motion for reserve price to be determined in respect of the property of the Respondents, described as Number 930, Adjringarnor (hereinafter, the “Property”). It is the claim of the Applicant that an Entry of Judgment was served on the Respondents subsequent to the Judgment and in an attempt to execute the said Judgment, the Property was attached by writ of fifa and same was caused to be valued. See Exhibit UT1, in whi...