AGRICULTURAL DEVELOPMENT BANK LTD. vs. RENAIZANCE SUPPLY CHAIN LTD., CHARLES SENYO YOUNG AND KENNETH KPEDOR [2016]DLHC9073

AGRICULTURAL DEVELOPMENT BANK LTD. vs. RENAIZANCE SUPPLY CHAIN LTD., CHARLES SE... [2016]DLHC9073

Date	2016-07-04
Suit No.	SUIT NO. BFS/176/15
Citation No.	[2016]DLHC9073

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

BANNERMAN WILLIAMS JNR. ESQ. OF SACKODAR CHAMBERS ACCRA FOR PLAINTIFF

TUINESE AMUZU (HOLDING BRIEF FOR DR. AZZIZ BAMBA ESQ.) OF AB & M LEGAL CONSULT ACCRA FOR 1ST AND 3RD DEFENDANTS

[2016]DLHC9073
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													<main id="main" class="content" style="min-height: 60rem" >AGRICULTURAL DEVELOPMENT
BANK LTD.<o:p></o:p>(PLAINTIFF/APPLICANT)<o:p></o:p>vs.<o:p></o:p>RENAIZANCE
SUPPLY CHAIN LTD., CHARLES SENYO YOUNG AND KENNETH KPEDOR<o:p></o:p>(DEFENDANTS/RESPONDENTS)<o:p></o:p>[HIGH
COURT (COMMERCIAL DIVISION) ACCRA]<o:p></o:p><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

</div>COUNSEL:<o:p></o:p>BANNERMAN WILLIAMS, JNR. ESQ., OF
SACKODAR CHAMBERS, ACCRA, FOR PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm;margin-left:0cm;margin-right:.2pt">

TUINESE
AMUZU, (HOLDING BRIEF FOR DR. AZZIZ BAMBA, ESQ.) OF AB &amp; M LEGAL CONSULT,
ACCRA, FOR 1ST AND 3RD DEFENDANTS<o:p></o:p>

</div>CORAM:<o:p></o:p>HER
LADYSHIP JUSTICE JENNIFER ABENA DADZIE<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 0cm 1.0pt 0cm">

<p class="MsoListParagraphCxSpMiddle" align="center" style="margin:0cm;margin-bottom:
.0001pt;mso-add-space:auto;text-align:center;border:none;mso-border-top-alt:
solid windowtext 1.5pt;mso-border-bottom-alt:solid windowtext 1.5pt;padding:
0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div><o:p>&nbsp;</o:p><o:p>&nbsp;</o:p>On June 28, 2016, this Court granted
the application on notice for mandatory injunction filed by the
Plaintiff/Applicant (hereinafter, the “Plaintiff”) and reserved its reasons for
today, which I proceed to give.<o:p></o:p>[1]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROCEDURAL
BACKGROUND<o:p></o:p>The Plaintiff is a bank duly registered
under the laws of the Republic of Ghana.&nbsp;
The 1st Defendant is a customer of the Plaintiff bank and has
its registered office in the Greater Accra Region of the Republic of
Ghana.&nbsp; On 5th August, 2015, the
Plaintiff took out a writ of summons at the registry of this court claiming the
following reliefs against the Defendants:<o:p></o:p>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery
of the sum of GH¢3,385,156.71 (Three Million, Three Hundred and Eighty-five
Thousand, One Hundred and Fifty-six Ghana Cedis Seventy-one Pesewas) against
the Defendants jointly and severally.<o:p></o:p>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest
on the said sum of GH¢3,385,156.71 (Three Million, Three Hundred and
Eighty-five Thousand, One Hundred and Fifty-six Ghana Cedis Seventy-one
Pesewas) from 3rd August, 2015 at the rate of 40% per annum till
date of final payment against the Defendants jointly and severally.<o:p></o:p>iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An
Order directed at the 1st Defendant to immediately return or
re-deliver the Leased Assets to the Plaintiff by sending same to Plaintiff’s
Warehouse at Adenta on the Adenta Aburi road near Geowags Limited.<o:p></o:p><</main>