ABK PHARMACEUTICAL INDUSTRIES LTD. AND OTHERS vs. SOCIAL SECURITY BANK LTD. [1992]DLHC252

Date	1992-02-07
Suit No.
Citation No.	[1992]DLHC252

LARTEY J.

E. OSEI-KWAKU FOR THE FIRST DEFENDANT-APPLICANTS.

F.C. KHARSA FOR THE PLAINTIFF-RESPONDENTS.

<p class="mb-5" id="contentDlCitation"  hidden>[1992]DLHC252</p>
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													<main id="main" class="content" style="min-height: 60rem" ><span style="font-size: 18px !important;"><span style="font-size: 18px !important;"><span style="font-size: 18px !important;"><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span style="font-size:
12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-bidi-font-family:Helvetica;color:#00B0F0">ABK
PHARMACEUTICAL INDUSTRIES LTD. AND OTHERS</span></b><span style="font-size:
13.5pt;line-height:115%;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family:
&quot;Times New Roman&quot;;color:#00B0F0"><o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span style="font-size:
12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-bidi-font-family:Helvetica;color:#00B0F0">vs.</span></b><span style="font-size:13.5pt;line-height:115%;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;
mso-fareast-font-family:&quot;Times New Roman&quot;;color:#00B0F0"><o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom: 12pt; text-align: center; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:Helvetica;color:#00B0F0">SOCIAL SECURITY BANK LTD.</span></b><span style="font-size:13.5pt;line-height:115%;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;
mso-fareast-font-family:&quot;Times New Roman&quot;;color:#00B0F0"><o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom: 5pt; text-align: center; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size: 10pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">[HIGH COURT, KUMASI]</span><span style="font-size: 10pt; line-height: 115%; font-family: Helvetica, sans-serif;"><o:p></o:p></span></p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in"><b><span style="font-size: 10pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">[1975] 1 GLR 562&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</span></b><span style="font-size: 10pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">DATE: 7</span><sup><span style="font-size: 10pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">TH </span></sup><span style="font-size: 10pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">FEBRUARY, 1992</span><span style="font-size: 10pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;"><o:p></o:p></span></p>

</div><p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:115%"><b><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;">COUNSEL:
<o:p></o:p></span></b></p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1.5pt solid windowtext; padding: 0in 0in 1pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">

<p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0in;"><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">E. OSEI-KWAKU FOR THE FIRST DEFENDANT-APPLICANTS.</span><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Times New Roman&quot;, serif;"><o:p></o:p></span></p>

<p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0in;"><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">F.C. KHARSA FOR THE PLAINTIFF-RESPONDENTS.</span><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Times New Roman&quot;, serif;"><o:p></o:p></span></p>

</div><p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:115%"><b><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;">CORAM:
<o:p></o:p></span></b></p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1.5pt solid windowtext; padding: 0in 0in 1pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">

<p class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0in;"><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">LARTEY J.</span><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Times New Roman&quot;, serif;"><o:p></o:p></span></p>

</div><p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%;mso-outline-level:1"><b><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;"><o:p>&nbsp;</o:p></span></b></p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

</div><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><u><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">LARTEY J.</span></u></b><span style="font-size: 13.5pt; line-height: 115%; font-family: Helvetica, sans-serif;"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">This is an application for and on
behalf of the first defendant-judgment debtor-applicants (hereinafter referred
to as the applicants) praying for an order to set aside the final judgment of
this court entered against them and in favour of the plaintiff-judgment
creditor-respondents (hereinafter referred to as the respondents), which
judgment was entered on 12 October 1990.</span><span style="font-size: 13.5pt; line-height: 115%; font-family: Helvetica, sans-serif;"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">At all times material to this
action the applicants were customers of the respondents whose Adum branch in
Kumasi granted them a loan facility which was said to have accrued to the total
indebtedness of ¢28,352,778 being principal and interest as at the close of
business on 30 May 1990.</span><span style="font-size: 13.5pt; line-height: 115%; font-family: Helvetica, sans-serif;"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">In an affidavit accompanying the
motion the applicants averred that they had since March 1990 been holding
meetings with the respondents in Accra in respect of their indebtedness, and
that the negotiations resulted in the applicants paying over ¢15 million in
Accra at the time the respondents’ solicitor moved this court for final
judgment. They further averred that the alleged negotiations and the alleged
payment of the sum of ¢15 million were not communicated to the solicitor for
the respondents nor the respondents’ branch manager at Adum.</span><span style="font-size: 13.5pt; line-height: 115%; font-family: Helvetica, sans-serif;"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif;">This application seems to be based
on a proposition of law which states that a judgment for a sum larger than is
due at the time it is entered is bad and will be set aside or reduced: see Muir
v. Jenks [1913] 2 K.B. 412, C.A. In that case it was held that where a
plaintiff signs judgment in default of appearance for an amount which exceeds
that whic</main>