ECOBANK GHANA LTD (PLAINTIFF) vs. AKOSOMBO TEXTILES LTD (DEFENDANT) [2016]DLHC7242

Date	2016-10-27
Suit No.	SUIT NO. BFS/90/13
Citation No.	[2016]DLHC7242

HIS LORDSHIP GEORGE K. KOOMSON (J).

[2016]DLHC7242
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													<main id="main" class="content" style="min-height: 60rem" >ECOBANK
GHANA LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>AKOSOMBO
TEXTILES LTD<o:p></o:p>(DEFENDANT)<o:p></o:p>[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. BFS/90/13&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:
27TH OCTOBER, 2016<o:p></o:p>

</div>CORAM:<o:p></o:p>HIS
LORDSHIP GEORGE K. KOOMSON (J).<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 1.0pt 0in">RULING<o:p></o:p>

</div>This application was filed on the 19th
October, 2016.&nbsp; The case itself has had a
chequered history of undue delay caused by the defendant.&nbsp; In my view if the defendant was desirous of
contesting the values of the properties, they would have filed an affidavit to
that effect or even produced the alleged documents for the attention of the
court.<o:p></o:p>I find the position taken by the
defendant/judgement/ debtor as one of their delay tactics to frustrate the
plaintiff/judgement/ creditor and all the other creditors.&nbsp; I have read the application and the supporting
affidavit. I have examined the valuation report and I am of the view that it is
of merit.&nbsp; Same is accordingly
granted.&nbsp; <o:p></o:p>The forced sale value of industrial lands and
buildings at Akosombo is hereby fixed at GH₵68,000,800.00.&nbsp;
The forced sale value of Residential land and buildings at Akosombo is
hereby fixed at GH₵8,637,300.00.<o:p></o:p>The forced sale value of plant and machinery at
Akosombo is hereby fixed at GH₵8,480,010.00.&nbsp;
The forced sale value of property No. 17, Examination Loop North Ridge,
Accra is hereby fixed at GH₵4,856,250.00.&nbsp;
The forced sale value of property No. 40, Kwame Nkrumah Avenue, Tudu,
Accra is hereby fixed at GH₵4,084,500.00.&nbsp;
Forced sale value of Toyota land cruiser Prado registration no. GT2882-U
is hereby fixed at GH₵15,500.00.&nbsp;
The forced sale value of Peugeot Registration No. GR6969-N is hereby
fixed at GH₵2,100.00.&nbsp;
The forced sale value of Peugeot 406 No. GR6688P is hereby fixed at GH₵1,500.00.&nbsp;
The forced sale value of Nissan Pick-Up No. GR2233 is hereby fixed at GH₵2,000.00.<o:p></o:p>

<o:p>&nbsp;</o:p></main>