TOTAL (GHANA) LTD vs. MODERN PETROLEUM LTD AND OTHERS [2002]DLHC1273

Date	2002-04-09
Suit No.
Citation No.	[2002]DLHC1273

ASARE KORANG J

EKOW KORSAH FOR THE CLAIMANT.

ADJEI-LARTEY FOR THE DEFENDANT.

[2002]DLHC1273
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													<main id="main" class="content" style="min-height: 60rem" ><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
color:#00B0F0">TOTAL (GHANA) LTD<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
color:#00B0F0">vs.<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
color:#00B0F0">MODERN PETROLEUM LTD AND OTHERS<o:p></o:p>[HIGH
COURT, ACCRA]<o:p></o:p>[2001-2002]
2 GLR 219<o:p></o: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="right" style="margin-bottom:5.0pt;text-align:right;
mso-pagination:none;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">Date: 9 APRIL 2002<o:p></o:p>

</div>COUNSEL:<o:p></o:p>EKOW
KORSAH FOR THE CLAIMANT.<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

ADJEI-LARTEY
FOR THE DEFENDANT. <o:p></o:p>

</div>JUDGEMENT<o:p></o:p>Asare Korang J.
On 19 February 1998 judgment was entered on admission under Order 32, r 6 of
the High Court (Civil Procedure) Rules, 1954 (LN 140A) against the second
defendant, Great African Insurance Co Ltd in consequence of a guarantee bond
executed by the second defendant as surety for and on behalf of the first
defendant, Modern Petroleum Ltd.<o:p></o:p>Before
entry of judgment, the second defendant had commenced third party proceedings
against the first defendant on the basis of an indemnity agreement whereunder
the first defendant undertook to indemnify the second defendant against all
loss, costs, damages, charges and expenses resulting from the guarantee bond.<o:p></o:p>The
first defendant having made default under the indemnity agreement after the
plaintiff had obtained judgment founded on the guarantee bond, the second
defendant took out process against the first defendant for the enforcement of
the indemnity agreement.<o:p></o:p>A
third party judgment was entered against the first defendant on 12 February
2001 in the sum of ¢172 million. By the reckoning of the second defendant, the
total indebtedness of the first defendant to the second defendant inclusive of
interest and costs now stands in excess of ¢529 million.<o:p></o:p>Having
been served with notice of the second defendant’s intention to go into
execution, the first defendant filed a motion on notice for stay of execution
or payment of the judgment debt by instalments or both.<o:p></o:p>In
a ruling delivered by this court on 5 December 2001, the said motion was
dismissed.<o:p></o:p>As
application to fix a reserve price for the judicial sale of the landed property
House No D/3 Residential Area, Community No 5, Tema having been granted, a
notice under Order 57, r 16 of LN 140A was filed by one Mrs Chinebuah claiming
the said property. Subsequently this court granted a motion on notice by the
claimant to set aside the order of judicial sale in respect of which a reserve
price had been fixed. The court then determined to hear the claim of Mrs
Chinebuah summarily.<o:p></o:p>It
was contended by counsel for the claimant that the landed property referred to
was the bona fide property of one Jonathan Kojo Chinebuah (deceased) whose
widow is the claimant. It was also contended that neither the late Jonathan
Kojo Chinebuah nor the claimant, was in any way connected with the business of
the first defendant and in any event,</main>