ELAND INTERNATIONAL COMPANY LTD vs. PRESTEA SANKOFA GOLD LTD, NATIONAL INVESTMENT BANK [2016]DLHC17226

ELAND INTERNATIONAL COMPANY LTD vs. PRESTEA SANKOFA GOLD LTD, NATIONAL INVESTMEN... [2016]DLHC17226

Date	2016-06-14
Suit No.	SUIT NUMBER OCC/27/2014
Citation No.	[2016]DLHC17226

HIS LORDSHIP JUSTICE JEROME NOBLE-NKRUMAH

ASARE DANQUAH

COMFORT ADZO AKPABLA

EMAEFA HARDCASTLE

JESSE SARFO

BRIGHT OTCHERE ADJEKUM

[2016]DLHC17226
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													<main id="main" class="content" style="min-height: 60rem" ><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;
line-height:normal;mso-pagination:none;text-autospace:none">ELAND INTERNATIONAL COMPANY LTD<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;
line-height:normal;mso-pagination:none;tab-stops:169.5pt 211.5pt center 229.15pt 243.0pt;
text-autospace:none">vs.<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
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line-height:normal;mso-pagination:none;tab-stops:center 243.0pt left 295.5pt;
text-autospace:none">PRESTEA
SANKOFA GOLD LTD, NATIONAL INVESTMENT BANK<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;
line-height:normal;mso-pagination:none;tab-stops:center 229.15pt left 305.25pt;
text-autospace:none">[HIGH COURT, ACCRA]<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:center;
line-height:normal;mso-pagination:none;tab-stops:168.75pt 278.15pt;text-autospace:
none">&nbsp;<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; margin-left: 0cm; margin-right: -2.5pt;">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;text-justify:inter-ideograph;line-height:normal;mso-pagination:none;
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><a name="_heading=h.gjdgxs"></a>SUIT
NUMBER OCC/27/2014&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:
14TH &nbsp;JUNE 2016<o:p></o:p>

</div>COUNSEL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>ASARE
DANQUAH FOR PLAINTIFF RESPONDENT<o:p></o:p>COMFORT
ADZO AKPABLA FOR EMAEFA HARDCASTLE FOR 1ST DEFENDANT APPLICANT<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;">

JESSE SARFO FOR BRIGHT OTCHERE ADJEKUM FOR
2ND DEFENDANT<o:p></o:p>

</div><p class="MsoNormal" style="margin-top:0cm;margin-right:-2.5pt;margin-bottom:
0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;
line-height:normal;mso-pagination:none;tab-stops:106.5pt center 229.15pt;
text-autospace:none">CORAM&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; <o:p></o:p><p class="MsoNormal" style="margin-top:0cm;margin-right:-2.5pt;margin-bottom:
0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;
line-height:normal;mso-pagination:none;text-autospace:none">HIS LORDSHIP JUSTICE JEROME
NOBLE-NKRUMAH<o:p></o: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; margin-left: 0cm; margin-right: -2.5pt;">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;tab-stops:center 229.15pt left 292.5pt;text-autospace:
none;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">&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; RULING&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>

</div>– Motion
on Notice for Leave to Amend 1st Defendants Statement of Defence Pursuant To
Order 16 of CI47 18/5/16 the 1st defendant applicant herein
filed the present application. In moving this motion, counsel for the applicant
has made the basic point that this application is meant to align the 1st
defendant’s pleadings with its evidence, that it has always been the case of
the applicant that the commercial agreement was never executed as a deed, that
the 1st defendant comes in good faith, springs no surprise at the plaintiff.
Neither will this application work any injustice on the plaintiff’s case or prejudice
plaintiff in anyway according to the applicant.<o:p></o:p>In opposing the application the plaintiff counsel argues that
the applicant has amended twice already and the present amendment could not
have been lost on them in those two earlier amendments. Again in applicant’s pre-trial
check list it failed to indicate any likelihood of an amendment. In short
plaintiff says the applicant has had several opportunities to have effected an
amendment until now and therefore should not be permitted now.<o:p></o:p>Plaintiff per paragraph 4 of its statement of claim reads
thus <o:p></o:p>‘ by a deed executed by the parties herein on
April 4, 2002 ( the commercial Agreement ), plaintiff agreed to advance to the
1st defendant a revolving credit facility for the rehabilitation of
1st defendants plant and also to enhance1st defendants business
operations’&nbsp; <o:p></o:p>It is this paragraph the applicant has admitted earlier and
seeks now to amend.<o:p></o:p>In paragraph 6 of the applicants witness statement, the
witness states <o:p></o:p>‘It must also be noted that the commercial agreement,
although signed by representatives of the plaintiff. 1st defendant
and 2nd defendant, was never, in fact executed under seal. It was a
simple commercial agreement for a credit facility and supply/purchase of gold.’<o:p></o:p>The above will appear to be taking way from the earlier admissi</main>