GHANA OIL COMPANY vs BAMICH INVESTMENTS, STATE INSURANCE COMPANY LIMITED [2016]DLHC16347

Date	2016-03-10
Suit No.	SUIT NO. BC 282/15
Citation No.	[2016]DLHC16347

HIS LORDSHIP ANTHONY K. YEBOAH J

WINFRED BABA AVIO ESQ

KWAMI ADOBOR ESQ

[2016]DLHC16347
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<a name="_Hlk146980440"></a><a name="_Hlk146981432">GHANA OIL COMPANY<o:p></o:p></a>

vs.<o:p></o:p>

(DEFENDANTS)<span style="font-size:10.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
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bold"><o:p></o:p>

[HIGH COURT, ACCRA]<o:p></o:p>

&nbsp;

SUIT NO. BC 282/15&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: 10TH &nbsp;MARCH 2016<o:p></o:p>

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COUNSEL<o:p></o:p>

WINFRED BABA AVIO ESQ. FOR PLAINTIFF&nbsp; 
<o:p></o:p>

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CORAM<o:p></o:p>

HIS
LORDSHIP ANTHONY K. YEBOAH J<o:p></o:p>

<p class="MsoNormal" align="center" style="text-align:center;line-height:115%;
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mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>

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According to the plaintiff, they
entered into a supply credit agreement with the Bamich Investment Ghana
Limited, according to which the plaintiff would supply them with petroleum products
on credit over a time period of 12
months. To secure the supply credit
agreement, the plaintiff obtained a bond
guarantee dated 11-3-2013 from the State Insurance Company Ltd (2nd defendant) for the due repayment of the value of the supply credit agreement.<o:p></o:p>

By a notice filed by the 2nd
defendant on 27-2-2015, the 2nd defendant also
claims against the 1st defendant an indemnity of GH¢ 315, 335.00
plus interest and costs.<o:p></o:p>