NDK FINANCIAL SERVICES LIMITED vs. KWASHIE TAILORS & DRY CLEANERS LTD. AND OTHERS

By a writ of summons and a statement of claim issued on the 11th day of August 2011 the plaintiff claims against the defendants: a) An order for recovery of the sum of GH¢1,967,821.72 being the balance due and owing on account of credit facility extended to 1st Defendant by Plaintiff on 19th November, 2009, repayment of which was secured by 2nd and 3rd Defendants but settlement of which Defendants have failed to make good several demand notices notwithstanding. b) Interest on the said sum of GH¢1,967,821.72 at the rate of 6.5% per month calculated at the close of each day and payable at the end of every month on compound basis until date of final payment. c) Cost including Lawyer’s fees assessed at 15% of the aggregates sum due and payable under the said facilities. After the service of the writ by the plaintiff and the entry of appearance by the defendants, a statement of defence was filed in which the defendants claimed indemnity from the Ministry of Education. The defendants...