FIDELITY BANK (PLAINTIFF) vs. DIGICAST COMPANY LIMITED & ANOR. (DEFENDANTS)

On the 20th of October, 2016, the Plaintiff issued the instant action against the 1st and 2nd Defendants jointly and severally asking for the following reliefs: a. Recovery of GH¢204,090.36 being the total outstanding balance comprising principal and interest, due as at 24th February, 2016 on a Salary-Backed Loan Facility granted by the Plaintiff to the 2nd Defendant then an employee of the 1st Defendant which indebtedness the 1st Defendant agreed to pay but had since failed or refused to pay and which outstanding balance continues to attract interest coupled with penal charges. b. Agree overdue interest on GH¢204,090.36 from 25th February, 2016 at the rate of 29% per annum (Including a penal charge of 7% per annum on overdues) until date of judgment or full repayment whichever is earlier in time. c. Statutory post judgment interest on the sum of GH¢204,090.36 together with accrued overdue interest from 24th February, 2016, from date of judgment until final payment. d. Legal co...