DALEX FINANCE & LEASING CO. LTD vs. CONSTRO EXPERT LTD AND MICHAEL NYANTEH

1 Background On 21 March 2017, plaintiff commenced this action by writ of summons for the following reliefs against defendants jointly and severally: i The sum of GH¢1,165,074.87 (One Million, One Hundred and Sixty Five Thousand Seventy Four Cedis Eighty Seven Pesewas) which said sum is the outstanding balance of the facility granted Defendant at a monthly compound interest of Compound monthly interest of 5% from the 16th day of February, 2017 till date of final payment. ii Cost inclusive of legal cost and fees of counsel. AND OR iii Judicial sale of 2nd Defendant’s mortgaged property situate at Number 8, North Ring Road, ACP Estate, Accra. 2.0 Statement of parties’ cases 2.1 Plaintiff’s case Plaintiff is a finance and leasing company. 1st defendant is a registered local company that is engaged in general purchase and supplies, import and export and sale of roofing sheets, whilst 2nd defendant is its managing director. Pursuant to leave, plaintiff amended its statem...