BARCLAYS (GH) LIMITED vs. GENERAL DEVELOPMENT CO [2004]DLCA6653

Date	2004-01-21
Suit No.	CIVIL APPEAL CA 17/2003
Citation No.	[2004]DLCA6653

OMARI-SASU JA

OWUSU-ANSAH JA

OSEI JA

[2004]DLCA6653
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													<main id="main" class="content" style="min-height: 60rem" >BARCLAYS (GH) LIMITED<o:p></o:p>vs.<o:p></o:p>GENERAL DEVELOPMENT CO.<o:p></o:p>[COURT
OF APPEAL, ACCRA]<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">

CIVIL APPEAL CA 17/2003&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; &nbsp;DATE: 21ST JANUARY, 2004<o:p></o:p>

<p class="MsoNormal" align="center" style="text-align:center;line-height:115%;
border:none;mso-border-top-alt:solid windowtext 1.5pt;mso-border-bottom-alt:
solid windowtext 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 1.0pt 0in">JUDGMENT<o:p></o:p>

</div>OWUSU-ANSAH, J.A. <o:p></o:p>The
defendant/Appellant allegedly defaulted in the payment of facilities granted to
it, by the Plaintiff/Respondent, despite repeated demands, and the
Defendant/Appellants own numerous promises to repay the facilities. <o:p></o:p>By
8th March 2002, the Defendants/Appellants total indebtedness to the
Plaintiff/Respondent under various facilities stood at ¢5,154,243,371.48 <o:p></o:p>On
the 21st March 2002, the Plaintiff/Respondent commenced action in the High
Court Sekondi, in suit No. CS 69/2002 for the following reliefs: <o:p></o:p>1.
The recovery of the sum of ¢5,154,243,371.48 being the balance due and owing on
Banking facilities granted to the Defendant at its request and which it had
failed to pay, and/or refused to pay despite repeated demands. <o:p></o:p>2.
Interest on the said sum of ¢5,154,243,371.48 at the prevailing Bank rate from
the 8th March, 2002, up to and including the date of final payment. <o:p></o:p>OR
in the alternative <o:p></o:p>An
order for the judicial sale of <o:p></o:p>All
the assets of the Defendant as described in the Debenture Deed, executed in
favour of the Plaintiff dated the 9th day of September, 1999, stamped as
document No. LVB 122259/99, and registered at the Registrar of Companies as No.
11,613 under a Certificate of registration of a mortgage charge: <o:p></o:p>a.
All that piece or parcel of land with building or buildings thereon, situate,
lying and being at Ngyiresia comprised in the mortgage deed dated the 8th day
of May 2001 and bearing land registration No. 235/2002. <o:p></o:p>b.
Costs. <o:p></o:p>The
Defendant/Appellant was served with the Writ of Summons and acompanying
Statement of Claim on the same 21st March, 2002. <o:p></o:p>On
the 11th April, the Defendant/Appellant entered a conditional appearance to the
suit, but took no further steps thereafter. <o:p></o:p>On
the 6th May, 2002, i.e. 25 days after the entry of Conditional appearance, by
the Defendant, the Plaintiff/Respondent filed Summons for Judgment under Order
14 as amended by LI 1129, and the Summons was fixed for hearing on the 27th
May, 2002 <o:p></o:p>The
Defendant was served with the Summons on the 6th May 2002 at 10.30 a.m. and a
number of documents were attached to the Summons as exhibits to be referred to
at the hearing including: <o:p></o:p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The debenture Deed dated 18/2/99 <o:p></o:p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Legal mortgage dated 9/5/2001 <o:p></o:p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Plaintiffs various demand letters served on
the Defendant/Appellant; <o:p></o:p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Statement of Accounts in respect of the
Defendant/appellants accounts. <o:p></o:p>When
the summons came on for hearing on the 27th May 2002, the Defendant/appellant
was absent even though there was proof of service of the summons on the
Defendant. <o:p></o:p>Moreover,
the Defendant/Appellant also failed to file any affidavit in opposition to the
summons for summary judgment. <o:p></o:p>Nevertheless
the learned trial judge in</main>