BSIC (GHANA LIMITED) vs. CANDY-LOVE QUARMNYE AND COMFORT NIMAKO [2016]DLHC11569

Date	2016-10-28
Suit No.	SUIT NO. BFS/52/2013
Citation No.	[2016]DLHC11569

HER LADYSHIP JUSTICE AKUA SARPOMAA AMOAH (MRS.)

REGINA OBENEWAA PENROSE APPEARS FOR PLAINTIFF

NO LEGAL REPRESENTATION FOR THE DEFENDANT

[2016]DLHC11569
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													<main id="main" class="content" style="min-height: 60rem" >BSIC (GHANA LIMITED)<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>CANDY-LOVE QUARMNYE AND COMFORT
NIMAKO<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH COURT, ACCRA]<o:p></o: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" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;tab-stops:163.5pt;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. BFS/52/2013&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DATA: 28TH
OCTOBER, 2016<o:p></o:p>

</div>COUNSEL: <o:p></o:p>REGINA
OBENEWAA PENROSE APPEARS FOR PLAINTIFF <o:p></o: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="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;tab-stops:163.5pt;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">NO
LEGAL REPRESENTATION FOR THE DEFENDANT<o:p></o:p>

</div>CORAM:<o:p></o:p>HER
LADYSHIP JUSTICE AKUA SARPOMAA AMOAH (MRS.)<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: windowtext; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: windowtext; border-right: none; padding: 1pt 0cm;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;tab-stops:77.25pt;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGEMENT<o:p></o:p>

</div>&nbsp;The Plaintiff has sued the Defendants
jointly and severally for the following reliefs endorsed on its writ filed on
the 1st day of March, 2013.<o:p></o:p>a) Recovery of the sum of One Hundred
and Thirty-One Thousand, Six Hundred and Forty-Two Ghana Cedis , Seventy -Four
Pesewas (GHȼ131,642.74)
being as of the 17th day of January, 2013, the outstanding balance in respect
of the said credit facility granted by Plaintiff to the 1st Defendant<o:p></o:p>b) Recovery of the agreed rate of
interest of 30.5%per annum plus a margin of 3% per annum on a) above from the
17th January, 2013 till date of final payment.<o:p></o:p>c) Recovery of the agreed penal rate
of 10% on facility amount above the agreed interest rate on ( a) and (b ) above
from the 17th day of January, 2013 to date of&nbsp;
final payment <o:p></o:p>d) An order for the judicial sale of
the residential property belonging to the 2nd Defendant at Plot No.
853 Block 23, Section 171/2, Dome, Accra<o:p></o:p>e) Costs including legal fees.<o:p></o:p>Plaintiff avers that it is a limited
liability company engaged in the business of banking. <o:p></o:p>On or about the 29th day of January,
2010, it granted a credit facility to the 1st Defendant, a customer of
Plaintiff bank. As security for the repayment of the said loan, the 1st
Defendant provided the following:<o:p></o:p>a) A Mortgage of 2nd Defendant’s
property situate in Dome, Accra <o:p></o:p>b) Assignment of all receivables in an
Assignment between the Plaintiff and 1st Defendant.<o:p></o:p>c) A Personal Guarantee of the 1st
Defendant valued at One Hundred and Sixty-Eight &nbsp;Thousand, Two Hundred and Eighty-Four Ghana
cedis (GHȼ168, 284.00).<o:p></o:p>d) A Floating Charge dated the 3rd day
of February, 2010.<o:p></o:p>By the terms of the facility, the
principal amount, the interest and other charges became due &nbsp;and payable immediately upon a failure by the
1st Defendant to pay the facilities on the due dates or whenever called in.
According to the Plaintiff, by a letter dated the 18th day of <o:p></o:p>February, 2011, it reminded the 1st
Defendant of the expiry date for the facility which was the 28th day of
February, 2011 and also informed the 1st Defendant of its level of
indebtedness, which stood at Sixty-Three Thousand, Two Hundred and
Seventy-Three Ghana Cedis , Six pesewas (GHȼ 63,273,06) at the time but the 1st Defendant failed to
honour its obligations such that its indebtedness stood at One Hundred and
Thirty-One Thousand, Six Hundred and Forty-Two Ghana Cedis, Seventy -Four
Pesewas (GHȼ131, 642.74) as
at the 17th day of January, 2013 . It is for this reason that Plaintiff has
instituted the present action.<o:p></o:p>The 1st Defendant on the 16th day of
August, 2013 entered conditional appearance to Plaintiff’s writ and on the 27th
day of November, 2013 filed a defence to same. The and Defendant however,
though served by substituted service with the Writ and Statement of Claim
failed to enter appearance. The Court therefore, on the 27th day of October,
2014 entered judgment in default of appearance against her.<o:p></o:p>Subsequently, following the Parties’
inability to settle at the pre-trial settlement conference, this matter was set
down for trial. The Court accordingly, on the 11th day of March, 2016gave
directions regarding the further conduct of the suit. Counsel for 1st
Defendant, though duly notified of this Court’s orders regarding the filing of
witness statements failed to comply with same. Hearing notices were thereafter
served on Counsel for 1st Defendant to attend the case management conference on
the 18th day of May, 2016 but he failed or refused to appear without offering any
explanation for his absence. In the light of the persistent default on the part
of 1st Defendant, this Court on the 18th day of May, 2016 struck out 1st
Defendant’s Statement of Defence and Counterclaim in accordance with Order 32
Rule &nbsp;7A(3)b of the High Court Civil
Procedure Amendment Rules, 2014 CI 87. Copies of the order striking out the
Defence and Counterclaim were served on both 1st Defendant and her Counsel but
this drew no reaction from them. The Plaintiff’s suit therefore stood
uncontested at the trial. It however remained for this Court to determine
whether or not Plaintiff is entitled to the reliefs endorse</main>