[2016]DLHC7321 Login to Read Full Case <span style="font-size: 18px !important;"><p class="MsoNoSpacing" align="center" style="text-align:center;line-height:115%"><b><span lang="EN-GB" style="font-size:12.0pt; line-height:115%;font-family:"Book Antiqua","serif";color:#00B0F0">DALEX FINANCE & LEASING CO. LTD</span></b><i><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif""><o:p></o:p></span></i></p><p class="MsoNoSpacing" align="center" style="text-align:center;line-height:115%"><i><span lang="EN-GB" style="font-size:10.0pt; line-height:115%;font-family:"Book Antiqua","serif"">(PLAINTIFF)<o:p></o:p></span></i></p><p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:115%"><b><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; color:#00B0F0">vs.<o:p></o:p></span></b></p><p class="MsoNoSpacing" align="center" style="text-align:center;line-height:115%"><b><span lang="EN-GB" style="font-size:12.0pt; line-height:115%;font-family:"Book Antiqua","serif";color:#00B0F0">EBENEZER DANZEL AMANOR & ORS</span></b><i><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif""><o:p></o:p></span></i></p><p class="MsoNoSpacing" align="center" style="margin-bottom:12.0pt;text-align:center; line-height:115%"><i><span lang="EN-GB" style="font-size:10.0pt;line-height:115%;font-family:"Book Antiqua","serif"">(DEFENDANTS)<o:p></o:p></span></i></p><p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:115%"><span lang="EN-GB" style="font-size:10.0pt; line-height:115%;font-family:"Book Antiqua","serif"">[HIGH COURT (COMMERCIAL DIVISION), ACCRA]<o:p></o:p></span></p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 0in 1.0pt 0in"> <p class="MsoNoSpacing" align="center" style="text-align:center;line-height:115%; border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0in; mso-padding-alt:0in 0in 1.0pt 0in"><b><span lang="EN-GB" style="font-size:10.0pt;line-height:115%;font-family:"Book Antiqua","serif"">SUIT NO. BFS/74/14 </span></b><span lang="EN-GB" style="font-size:10.0pt;line-height:115%; font-family:"Book Antiqua","serif"">DATE: 11<sup>TH</sup> OCTOBER, 2016</span><b><span style="font-size:10.0pt;line-height: 115%;font-family:"Book Antiqua","serif";mso-ansi-language:EN-US"><o:p></o:p></span></b></p> </div><p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height: 115%"><b><span lang="EN-GB" style="font-size: 12.0pt;line-height:115%;font-family:"Book Antiqua","serif"">COUNSEL: <o:p></o:p></span></b></p><p class="MsoNoSpacing" style="line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"">SAMUEL CODJOE FOR PLAINTIFF<u><o:p></o:p></u></span></p><p class="MsoNoSpacing" style="line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"">SAMUEL NUAMAH FOR 1<sup>ST</sup> AND 2<sup>ND</sup> DEFENDANTS<o:p></o:p></span></p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 0in 1.0pt 0in"> <p class="MsoNoSpacing" style="line-height:115%;border:none;mso-border-bottom-alt: solid windowtext 1.5pt;padding:0in;mso-padding-alt:0in 0in 1.0pt 0in"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"">PETER ZWEUNES FOR 3<sup>RD</sup> DEFENDANT<o:p></o:p></span></p> </div><p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height: 115%"><b><span lang="EN-GB" style="font-size: 12.0pt;line-height:115%;font-family:"Book Antiqua","serif"">CORAM:<o:p></o:p></span></b></p><p class="MsoNoSpacing" style="line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"">HIS LORDSHIP GEORGE K. KOOMSON (J).<o:p></o:p></span></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; padding:1.0pt 0in 1.0pt 0in"> <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"><b><span lang="EN-GB" style="font-size:12.0pt; line-height:115%;font-family:"Book Antiqua","serif"">JUDGMENT<o:p></o:p></span></b></p> </div><p class="MsoNormal" style="text-align:justify;line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; mso-bidi-font-family:Arial">On the 18<sup>th</sup> of July, 2016 I entered judgement for the Plaintiff against the 1<sup>st</sup> and 2<sup>nd</sup> Defendants and dismissed the Plaintiff’s claim against the 3<sup>rd</sup> Defendant and also dismissed the counterclaim of 1<sup>st</sup> and 2<sup>nd</sup> Defendants. I reserved my reasons to today which I now proceed to give. <o:p></o:p></span></p><p class="MsoNormal" style="line-height:115%"><span lang="EN-GB" style="font-size: 12.0pt;line-height:115%;font-family:"Book Antiqua","serif";mso-bidi-font-family: Arial">By its writ of summons filed on the 13<sup>th</sup> March, 2014, the Plaintiff asked for the following reliefs:<o:p></o:p></span></p><p class="MsoListParagraph" style="margin-left:.75in;mso-add-space:auto; text-indent:-.25in;line-height:115%;mso-list:l5 level1 lfo2"><!--[if !supportLists]--><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family:"Book Antiqua"">A.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "Times New Roman";"> </span></span><!--[endif]--><span lang="EN-GB" style="font-size:12.0pt; line-height:115%;font-family:"Book Antiqua","serif";mso-bidi-font-family:Arial">A declaration that 1<sup>st</sup>, 2<sup>nd</sup> and 3<sup>rd</sup> Defendants are jointly and severally liable to Plaintiff for:<o:p></o:p></span></p><p class="MsoNoSpacing" style="line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif""><o:p> </o:p></span></p><p class="MsoListParagraphCxSpFirst" style="margin-left:1.25in;mso-add-space: auto;text-indent:-.5in;line-height:115%;mso-list:l2 level1 lfo3"><!--[if !supportLists]--><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family:"Book Antiqua"">i)<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "Times New Roman";"> </span></span><!--[endif]--><span lang="EN-GB" style="font-size:12.0pt; line-height:115%;font-family:"Book Antiqua","serif";mso-bidi-font-family:Arial">The sum of GH¢3,152,226.20 (Three Million one Hundred and Fifty Two Thousand Two Hundred and Twenty Six Ghana Cedi Twenty Pesewas) being loan granted to 1<sup>st</sup> and 2<sup>nd</sup> Defendants together with accrued interest on the 17<sup>th</sup> day of February, 2013.<o:p></o:p></span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left:1.25in;mso-add-space: auto;line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height: 115%;font-family:"Book Antiqua","serif";mso-bidi-font-family:Arial"><o:p> </o:p></span></p><p class="MsoListParagraphCxSpLast" style="margin-left:1.25in;mso-add-space:auto; text-indent:-.5in;line-height:115%;mso-list:l2 level1 lfo3"><!--[if !supportLists]--><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family:"Book Antiqua"">ii)<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "Times New Roman";"> </span></span><!--[endif]--><span lang="EN-GB" style="font-size:12.0pt; line-height:115%;font-family:"Book Antiqua","serif";mso-bidi-font-family:Arial">The sum of GHS221,229.22 being loan granted to 2<sup>nd</sup> Defendant together with accrued interest as a the 13<sup>th</sup> day of February, 2013 all to taking the sum of GHS8,140,418.30<o:p></o:p></span></p><p class="MsoNoSpacing" style="line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif""><o:p> </o:p></span></p><p class="MsoListParagraph" style="margin-left:.75in;mso-add-space:auto; text-indent:-.25in;line-height:115%;mso-list:l5 level1 lfo2"><!--[if !supportLists]--><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family:"Book Antiqua"">B.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "Times New Roman";"> </span></span><!--[endif]--><span lang="EN-GB" style="font-size:12.0pt; line-height:115%;font-family:"Book Antiqua","serif";mso-bidi-font-family:Arial">Interest on the said sum of GH¢3,152,226.20 at a compound interest of 4.7% per month from the 18<sup>th</sup> February, 2013 till date of final payment.<o:p></o:p></span></p><p class="MsoNoSpacing" style="line-height:115%"><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif""><o:p> </o:p></span></p><p class="MsoListParagraphCxSpFirst" style="margin-left:.75in;mso-add-space:auto; text-indent:-.25in;line-height:115%;mso-list:l5 level1 lfo2"><!--[if !supportLists]--><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; mso-fareast-font-family:"Book Antiqua";mso-bidi-font-family:"Book Antiqua"">C.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: "Times New Roman";"> </span></span><!--[endif]--><span lang="EN-GB" style="