[2015]DLHC17286 Login to Read Full Case <span style="font-size: 18px !important;"><div class="WordSection1"> <p class="MsoNormal" align="center" style="text-align:center;line-height:115%; tab-stops:4.5pt"><a name="_Hlk154138250"></a><a name="_Hlk152146143"><b><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua";color:#00B0F0">DALEX FINANCE & LEASING CO<o:p></o:p></span></b></a></p> <p class="MsoNormal" align="center" style="text-align:center;line-height:115%; tab-stops:4.5pt"><i><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua"">(PLAINTIFF)<o:p></o:p></span></i></p> <p class="MsoNormal" align="center" style="text-align:center;line-height:115%; tab-stops:4.5pt"><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua";color:#00B0F0">vs.<o:p></o:p></span></b></p> <p class="MsoNormal" align="center" style="text-align:center;line-height:115%; tab-stops:4.5pt"><b><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua";color:#00B0F0">TLG CAPITAL PARTNERS & 3 OTHERS<o:p></o:p></span></b></p> <p class="MsoNormal" align="center" style="text-align:center;line-height:115%; tab-stops:4.5pt"><i><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua"">(DEFENDANTS)</span></i><b><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height: 115%;font-family:"Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua"; mso-bidi-font-family:"Book Antiqua";color:#00B0F0"><o:p></o:p></span></b></p> <p class="MsoNormal" align="center" style="text-align:center;line-height:115%; tab-stops:4.5pt"><span style="font-size:10.0pt;mso-bidi-font-size: 11.0pt;line-height:115%;font-family:"Book Antiqua",serif;mso-fareast-font-family: "Book Antiqua";mso-bidi-font-family:"Book Antiqua"">[HIGH COURT, ACCRA]<o:p></o:p></span></p> <p class="MsoNormal" style="text-align:justify;line-height:115%;tab-stops:4.5pt 168.75pt"><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua""> </span></p> <div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt;"> <p class="MsoNormal" style="text-align:justify;line-height:115%;tab-stops:4.5pt; border:none;mso-border-bottom-alt:solid black 1.5pt;padding:0cm;mso-padding-alt: 0cm 0cm 1.0pt 0cm"><a name="_heading=h.gjdgxs"></a><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua"">Suit No. BFS/151/14 DATE: 29<sup>TH</sup> JUNE 2015</span><b><span style="font-size:12.0pt;mso-bidi-font-size: 11.0pt;line-height:115%;font-family:"Book Antiqua",serif;mso-fareast-font-family: "Book Antiqua";mso-bidi-font-family:"Book Antiqua""><o:p></o:p></span></b></p> </div> <p class="MsoNormal" style="text-align:justify;line-height:115%;tab-stops:4.5pt"><b><span style="font-size:12.0pt;mso-bidi-font-size: 11.0pt;line-height:115%;font-family:"Book Antiqua",serif;mso-fareast-font-family: "Book Antiqua";mso-bidi-font-family:"Book Antiqua"">COUNSEL<o:p></o:p></span></b></p> <div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;"> <p class="MsoNormal" style="text-align:justify;line-height:115%;tab-stops:4.5pt; border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm; mso-padding-alt:0cm 0cm 1.0pt 0cm"><span style="font-size:12.0pt;mso-bidi-font-size: 11.0pt;line-height:115%;font-family:"Book Antiqua",serif;mso-fareast-font-family: "Book Antiqua";mso-bidi-font-family:"Book Antiqua";mso-bidi-font-weight:bold">SAMUEL CODJOE FOR PLAINTIFF<o:p></o:p></span></p> <p class="MsoNormal" style="text-align:justify;line-height:115%;tab-stops:4.5pt; border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm; mso-padding-alt:0cm 0cm 1.0pt 0cm"><span style="font-size:12.0pt;mso-bidi-font-size: 11.0pt;line-height:115%;font-family:"Book Antiqua",serif;mso-fareast-font-family: "Book Antiqua";mso-bidi-font-family:"Book Antiqua";mso-bidi-font-weight:bold">NO REPRESENTATION FOR DEFENDANTS<o:p></o:p></span></p> </div> <p class="MsoNormal" style="text-align:justify;line-height:115%;tab-stops:4.5pt"><b><span style="font-size:12.0pt;mso-bidi-font-size: 11.0pt;line-height:115%;font-family:"Book Antiqua",serif;mso-fareast-font-family: "Book Antiqua";mso-bidi-font-family:"Book Antiqua"">CORAM <o:p></o:p></span></b></p> <p class="MsoNormal" style="text-align:justify;line-height:115%;tab-stops:4.5pt"><span style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua",serif; mso-bidi-font-weight:bold">JENNIFER DODOO (MRS)</span><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua";mso-bidi-font-weight:bold"><o:p></o:p></span></p> <div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0cm;"> <p class="MsoNormal" align="center" style="text-align:center;line-height:115%; tab-stops:4.5pt;border:none;mso-border-top-alt:solid black 1.5pt;mso-border-bottom-alt: solid black 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm"><b><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family: "Book Antiqua",serif;mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family: "Book Antiqua"">RULING</span></b><b><span style="font-family:"Book Antiqua",serif; mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family:"Book Antiqua""><o:p></o:p></span></b></p> </div> <p class="MsoBodyText" style="text-align:justify;line-height:115%"><span style="font-family:"Book Antiqua",serif">The Plaintiff’s claims against the Defendants jointly and severally were for the sum of GH¢5,088,554.68<span style="letter-spacing:-.15pt"> </span>being<span style="letter-spacing:-.3pt"> </span>the<span style="letter-spacing:-.15pt"> </span>outstanding<span style="letter-spacing: -.25pt"> </span>balance<span style="letter-spacing:-.1pt"> </span>as<span style="letter-spacing:-.15pt"> </span>at<span style="letter-spacing:-.15pt"> </span>19<sup>th</sup><span style="letter-spacing:-.1pt"> </span>March<span style="letter-spacing:-.15pt"> </span>2014,<span style="letter-spacing:-.15pt"> </span>on<span style="letter-spacing:-.15pt"> </span>a<span style="letter-spacing:-.2pt"> </span>loan<span style="letter-spacing:-.15pt"> </span>facility<span style="letter-spacing:-.3pt"> </span>granted to<span style="letter-spacing: -.1pt"> </span>them.<span style="letter-spacing:2.0pt"> </span>The<span style="letter-spacing:-.15pt"> </span>Plaintiff<span style="letter-spacing: -.2pt"> </span>also<span style="letter-spacing:-.1pt"> </span>sued<span style="letter-spacing:-.1pt"> </span>for<span style="letter-spacing:-.2pt"> </span>compound<span style="letter-spacing:-.1pt"> </span>interest<span style="letter-spacing:-.05pt"> </span>of<span style="letter-spacing:-.1pt"> </span>3.6%<span style="letter-spacing: -.15pt"> </span>from<span style="letter-spacing:-.1pt"> </span>20<sup>th</sup><span style="letter-spacing:-.05pt"> </span>March<span style="letter-spacing:-.1pt"> </span>2014<span style="letter-spacing:-.1pt"> </span>till<span style="letter-spacing:-.1pt"> </span>date<span style="letter-spacing:-.1pt"> </span>of final payment.<o:p></o:p></span></p> <p class="MsoBodyText" style="text-align:justify;line-height:115%"><span style="font-family:"Book Antiqua",serif"> </span></p> <p class="MsoBodyText" style="text-align:justify;line-height:115%"><span style="font-family:"Book Antiqua",serif">In the alternative, the Plaintiff prayed for a judicial sale of the 2<sup>nd</sup> Defendant’s mortgaged property<span style="letter-spacing:-.4pt"> </span>situate<span style="letter-spacing:-.15pt"> </span>at<span style="letter-spacing:-.15pt"> </span>Okpoi<span style="letter-spacing:-.05pt"> </span>Gonno<span style="letter-spacing:-.15pt"> </span>covering<span style="letter-spacing:-.2pt"> </span>an<span style="letter-spacing:-.15pt"> </span>area<span style="letter-spacing:-.1pt"> </span>of<span style="letter-spacing:-.15pt"> </span>15.41<span style="letter-spacing:-.15pt"> </span>acres<span style="letter-spacing:-.15pt"> </span>and<span style="letter-spacing:-.15pt"> </span>registered<span style="letter-spacing: -.15pt"> </span>at<span style="letter-spacing:-.15pt"> </span>the Land<span style="letter-spacing:-.15pt"> </span>Title Registry with Certificate Number GA 37952.<o:p></o:p></span></p> <p class="MsoBodyText" style="text-align:justify;line-height:115%"><span style="font-family:"Book Antiqua",serif"> </span></p> <p class="MsoBodyText" style="text-align:justify;line-height:115%"><span style="font-family:"Book Antiqua",serif">The<span style="letter-spacing:-.25pt"> </span>Defendants<span style="letter-spacing:-.15pt"> </span>in<span style="letter-spacing:-.15pt"> </span>their<span style="letter-spacing:-.1pt"> </span>Statement<span style="letter-spacing:-.15pt"> </span>of<span style="letter-spacing:-.2pt"> </span>Defence<span style="letter-spacing:-.1pt"> </span>contended<span style="letter-spacing:-.15pt"> </span>that<span style="letter-spacing:-.15pt"> </span>they<span style="letter-spacing:-.4pt"> </span>disputed<span style="letter-spacing:-.15pt"> </span>their<span style="letter-spacing:-.2pt"> </span>indebtedness and requested for an account to ascertain the true indebtedness.<span style="letter-spacing:2.0pt"> </span>They<span style="letter-spacing:-.05pt"> </span>also contended that the security<span style="letter-spacing:-.15pt"> </span>taken for the loan was void as there was no board resolution agreeing<span style="letter-spacing:-.05pt"> </span>to the security.<o:p></o:p></span></p> <p class="MsoBodyText" style="text-align:justify;line-height:115%"><span style="font-family:"Book Antiqua",serif"> </span></p> <p class="MsoBodyText" style="text-align:justify;line-height:115%"><span style="font-family:"Book Antiqua",serif">The<span style="letter-spacing:-.25pt"> </span>issues<span style="letter-spacing:-.05pt"> </span>set down<span style="letter-spacing:-.05pt"> </span>for<spa