M. BASHIRU LIVINGMAN ELECTRICAL COMPANY LIMITED vs. BEROCK VENTURES LIMITED [2016]DLHC4254

Date	2016-04-22
Suit No.	SUIT NO. OCC/04/2012
Citation No.	[2016]DLHC4254

SAMUEL K. A. ASIEDU

MR. FRANCIS KWAME YEBOAH FOR THE PLAINTIFF

MR. PETER OKUDZETO FOR THE DEFENDANT

[2016]DLHC4254
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">M. BASHIRU LIVINGMAN ELECTRICAL COMPANY LIMITED<o:p></o:p></a>vs.<o:p></o:p>BEROCK VENTURES LIMITED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <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;
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SUIT NO. OCC/04/2012&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 APRIL, 2016 <o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>MR. FRANCIS KWAME YEBOAH FOR THE PLAINTIFF <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SAMUEL K. A. ASIEDU,
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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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">JUDGMENT<o:p></o:p>

</div>By a writ issued on the 16th
January, 2012 the plaintiff claims against the defendant:<o:p></o:p><ol style="margin-top:0in" start="1" type="a">
 <li class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; border: none;">An order for an audited final account of
 the contract.<o:p></o:p></li>
 <li class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; border: none;">An order for the assessment of profit
 accruing to the joint venture<o:p></o:p></li>
 <li class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; border: none;">An order for the payment of 30% of such
 profit by the defendant to the plaintiff<o:p></o:p></li>
 <li class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; border: none;">Interest on the plaintiff’s share of
 profit at the current interest rate from the 8th August, 2011
 to date of final payment.<o:p></o:p></li>
 <li class="MsoNormal" style="text-align: justify; border: none;">Any other relief
 deemed fit by this Honourable Court.<o:p></o:p></li>
</ol>The defendant entered appearance to the writ
after service of the writ and its accompanying statement of claim. A Reply was
thereafter served by the plaintiff and after the failure of pre-trial
settlement, the case was set down for hearing at which the plaintiff gave
evidence through its representative, Mohammed Bashiru, the managing director of
the plaintiff company and closed its case. The defendant also testified per its
representative, Samuel Etornam Kornu, and then announced the closure of the
defendant’s case. Before the parties could give evidence however, an
application was made for the appointment of an Auditor to audit the books of
the joint venture and report to the court. The court, subsequently, appointed
Ernst &amp; Young, Chartered Accountants on the strength of section 114 (1) of
the Evidence Act 1975, NRCD 323. The auditors then audited the books of the
joint ventureship and presented a report which was admitted in evidence as
exhibit CE1.<o:p></o:p>From the pleadings of the parties the court
finds as a fact that the following matters are not in issue or dispute in view
of admissions made by the defendant in its statement of defence:<o:p></o:p>That the plaintiff and the defendant are both
limited liability companies registered under the laws of Ghana and that the
plaintiff’s offices are located in Tamale whiles the defendant’s offices are
located in Accra.<o:p></o:p>That in or about January 2010 the plaintiff
was contacted by the defendant concerning a project on tender from the
Millennium Development Authority (MiDA) for the construction of Rural
Electrification Infrastructure in the Northern Intervention Zone.<o:p></o:p>That after discussion in March 2010 the parties
formed a joint venture known as Berock Bashiru Joint Venture for the tendering
of the said project. Indeed at the trial, the joint venture agreement between
the parties was admitted in evidence as exhibit 1A<o:p></o:p>That the joint venture submitted a bid or
tender for the project. That the project was eventually awarded to the joint
venture to execute the Rural Electrification Infrastructure in the Northern
Intervention Zone designated as </main>