M. BASHIRU LIVINGMAN ELECTRICAL COMPANY LIMITED (PLAINTIFF) vs. BEROCK VENTURES LIMITED (DEFENDANT) [2016]DLHC7358

M. BASHIRU LIVINGMAN ELECTRICAL COMPANY LIMITED (PLAINTIFF) vs. BEROCK VENTURES... [2016]DLHC7358

Date	2016-04-22
Suit No.	SUIT NO: OCC/04/2012
Citation No.	[2016]DLHC7358

HIS LORDSHIP SAMUEL K. A. ASIEDU J.

MR. FRANCIS KWAME YEBOAH FOR THE PLAINTIFF

MR. PETER OKUDZETO FOR THE DEFENDANT

[2016]DLHC7358
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													<main id="main" class="content" style="min-height: 60rem" >M. BASHIRU LIVINGMAN
ELECTRICAL COMPANY LIMITED<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>BEROCK VENTURES LIMITED<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;
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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; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE: 22ND APRIL, 2016<o:p></o:p>

</div>COUNSEL: <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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MR.
PETER OKUDZETO FOR THE DEFENDANT<o:p></o:p>

</div>CORAM:<o:p></o:p>HIS LORDSHIP SAMUEL K. A.
ASIEDU, J.<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
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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>By
a writ issued on the 16th January, 2012 the plaintiff claims against
the defendant:<o:p></o:p>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order for an audited final account of the
contract.<o:p></o:p>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order for the assessment of profit accruing to
the joint venture<o:p></o:p>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order for the payment of 30% of such profit by
the defendant to the plaintiff<o:p></o:p>d.&nbsp;&nbsp;&nbsp;&nbsp; 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>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any other relief deemed fit by this Honourable
Court.<o:p></o:p>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>