UNICREDIT GHANA LIMITED (PLAINTIFF) vs. STEPHEN KWABENA BOATENG, ELIZABETH ODUMAA APPAH AND KOJO ASANTE (DEFENDANTS) [2016]DLHC7422

UNICREDIT GHANA LIMITED (PLAINTIFF) vs. STEPHEN KWABENA BOATENG, ELIZABETH ODUMA... [2016]DLHC7422

Date	2016-03-22
Suit No.	SUIT NO. BFS/35/2015
Citation No.	[2016]DLHC7422

HIS LORDSHIP SAMUEL K. A. ASIEDU J.

MR. ANTHONY MARSHALL ARPOH FOR THE PLAINTIFF/APPLIACANT

[2016]DLHC7422
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													<main id="main" class="content" style="min-height: 60rem" >UNICREDIT GHANA LIMITED<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>STEPHEN KWABENA BOATENG,
ELIZABETH ODUMAA APPAH AND KOJO ASANTE<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;
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SUIT NO. BFS/35/2015&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: 22ND
MARCH, 2016<o:p></o:p>

MR.
ANTHONY MARSHALL ARPOH FOR THE PLAINTIFF/APPLIACANT<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">RULING<o:p></o:p>

</div>The instant application seeks an order of the court
to preserve Mercedes Benz CLK with registration number GR 40-11. This
application is brought pursuant to a writ issued against the defendants herein
for:<o:p></o:p>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of the
amount of GH₵404,947.11
being the balance and interest on the principal amount.<o:p></o:p>b)&nbsp;&nbsp;&nbsp;&nbsp;
The sum of GH₵44,230.94 being the penal interest charge over the
period.<o:p></o:p>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the
GH₵404,947.11 at the agreed contractual rate from 17th
November, 2014 to date of final payment.<o:p></o:p>d)&nbsp;&nbsp;&nbsp;&nbsp;
Costs.<o:p></o:p>The reasons for which the application has been made
are detailed in paragraphs 7 and 8 of the affidavit in support which reads as
follows:<o:p></o:p>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That the case is awaiting a direction from the Registry for
trial but the Applicant is reliably informed that the 1st respondent
is selling off his properties including the collateral vehicle with the
intention of travelling abroad.<o:p></o:p>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That the vehicle intended to be preserved was transferred
into the name of the applicant as a condition precedent for the granting of the
facility. (Attached is a copy of the registered document at the DVLA).<o:p></o:p>Thus, from the affidavit above, the applicant says
that the vehicle, subject matter of the application, was used as collateral to
secure the loan obtained by the 1st Respondent. Applicant also says
that the said vehicle was transferred into the name of the Applicant. These
assertions are not supported by any documentary evidence. <o:p></o:p>Applications for preservation of property can be
made under Order 25 rule 2(1) of the High Court Rules of Civil Procedure CI.
47. Rule 2(1) provides that<o:p></o:p>