NTHC LTD vs. GHANA COCOA BOARD [2016]DLHC3511

Date	2016-07-22
Suit No.	SUIT NO.OCC/05/2015
Citation No.	[2016]DLHC3511

HIS LORDSHIP ERIC KYEI BAFFOUR JUSTICE OF THE HIGH COURT

[2016]DLHC3511
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">NTHC
LTD<o:p></o:p></a>vs.<o:p></o:p>GHANA COCOA BOARD<o:p></o:p>&nbsp;[HIGH COURT (COMMERCIAL
DIVISION), 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">

SUIT
NO.OCC/05/2015&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE: 22ND JULY, 2016 <o:p></o:p>

</div>CORAM:<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">

HIS LORDSHIP ERIC KYEI BAFFOUR JUSTICE
OF THE HIGH COURT<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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JUDGEMENT<o:p></o:p>

</div>Plaintiff, a guarantor of a loan advanced by the defendant
to a company by name Dio Jean Ltd. for the purchase and delivery of cocoa for
the 2012/13 cocoa season, birthed this writ out of the Registry of the court on
the 9th of January, 2015 claiming the following reliefs:<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-US">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A declaration that
the arrangement between defendant and Dio Jean Co Ltd which led to an
outstanding debt of GHc830.000.00 plus interest of Ghc132.800.00 carried
forward from the 2011/12 season illegally deducted from the cocoa delivered by
Dio Jean Co. Ltd during the 2012/13 season, is an unlawful and unethical
business practice.<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-US">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A declaration that
the decision by defendant to illegally deduct the outstanding debt of
Ghc830.000.00 plus interest of Ghc 132.800.00 carried forward from the 2011/12
season is unilateral, capricious and arbitrary, in so far as it did not relate
to the guarantee issued by plaintiff for the 2012/13 season.<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-US">iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An order directed
at the defendant for the immediate refund of the aggregate sum of Nine Hundred
and Sixty-Two Thousand, Eight Hundred Ghana Cedis.<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-US">iv.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the
amount of GHc962.800.00 at the prevailing bank rate and/or commercial lending
rate of interest from 16/10/12 continuing till date of final payment.<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-US">v.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Cost. <o:p></o:p>STATEMENT OF
DEFENCE<o:p></o:p>Plaintiff provides the basis of his claim to the
reliefs in a ten paragraph statement of claim that accompanied the filing of
the writ. Plaintiff claims that defendant extended credit facilities to the
tune of ten million Ghana Cedis for the purchase of cocoa to Dio Jean Ltd, a
licensed cocoa buyer for the 2012/13 cocoa season. As part of the conditions
for the grant of the loan it was required to provide a guarantee for the due
repayment of the debt of Dio Jean Ltd in the event that Dio Jean Ltd failed to
deliver cocoa to the tune of the amount provided it by defendant.<o:p></o:p><o:p>&nbsp;</o:p>Plaintiff further avers that it did provide an
unconditional guarantee defendant requested for from Dio Jean Ltd.
Subsequently, Dio Jean Ltd failed to make cocoa deliveries to the level of
monies advanced to it prompting defendant to call on the guarantee Plaintiff
provided. Plaintiff again claim that it paid an amount of Ghc1.990.581.80 to
defendant but later realized that the monies it paid; an amount of Ghc830.000
plus its interest of Ghc132.800 being compon</main>