SYNDICATED CAPITAL LTD (PLAINTIFF) vs. SOLCOMTECH CO. LTD & ORS (DEFENDANTS) [2016]DLHC7350

Date	2016-03-10
Suit No.	SUIT NO. BFS/137/14
Citation No.	[2016]DLHC7350

HIS LORDSHIP GEORGE K. KOOMSON (J).

MARTIN AGYIN SAMPONG FOR PLAINTIFF

[2016]DLHC7350
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													<main id="main" class="content" style="min-height: 60rem" >SYNDICATED
CAPITAL LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>SOLCOMTECH
CO. LTD &amp; ORS<o:p></o:p>(DEFENDANTS)<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/137/14&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 10TH MARCH, 2016<o:p></o:p>

MARTIN
AGYIN SAMPONG FOR PLAINTIFF<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;
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">JUDGMENT<o:p></o:p>

</div>The Plaintiff and the 1st Defendant
executed a memorandum of agreement (MOU) by which the Plaintiff was to
pre-finance the O&amp;M contract from Crownville Enterprise Ltd; to manage the
O&amp;M contract from Crownville Enterprise Ltd among other things. Prior to
this, the Plaintiff had granted series of loan facilities to the 1st
Defendant. These loan facilities were short-term facilities.&nbsp; Under the MOU, the Plaintiff was to collect
all cheques and issue invoices for the O&amp;M contract with Crownville
Enterprise Ltd. These cheques were to be used to repay the facility granted to
the 1st Defendant for the work done for the 2nd and 3rd
Defendants. The 1st Defendant along the line, stopped the 2nd
and 3rd Defendant from issuing cheques to the Plaintiff. This caused
the Plaintiff to issue the instant action claiming:<o:p></o:p><span lang="EN-GB" 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;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An
order against the 1st Defendant for the recovery of the sum of GH¢
382,566.00 being the total sum outstanding and due as at May 19, 2014 on the
loans granted by the Plaintiff to 1st Defendant and which 1st
Defendant has failed to repay.<o:p></o:p><span lang="EN-GB" 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;">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest
on the said sum at 16% from May 19, 2014 till date of final payment.<o:p></o:p><span lang="EN-GB" 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;">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Cost.<o:p></o:p><span lang="EN-GB" 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;">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An
order compelling the 2nd and 3rd Defendants to release to
the Plaintiff all cheques due for services provided by the 1st Defendant.<o:p></o:p>The 1st Defendant had also in a counter
claim asked for an order directed at the Plaintiff to account for all cheques
collected by the Plaintiff from the 3rd Defendant for and on behalf
of the 1st Defendant.<o:p></o:p>It is noted from the onset, that, the 2nd
and 3rd Defendants did not file any statement of defence.&nbsp; The statement of defence and counter claim of
the 1st Defendant was however struck out under order 32 rule 7A (3)
(b) of the High Court (Civil Procedure) Rules, 2004 (C.I.47) as amended by C.I
87 on the 7th December, 2015.<o:p></o:p>The case of the Plaintiff is that it granted a
series of loan facilities to the 1st Defendant for it to be able to
finance its operations with the 2nd and 3rd Defendants.&nbsp; These various loan facilities the Plaintiff
indicated as follows:-<o:p></o:p><span lang="EN-GB" 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;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;