FIRST ATLANTIC BANK LTD vs. AMAPOK LTD, KWANE OTI AWERE [2017]DLHC12179

Date	2017-05-12
Suit No.	SUIT NO. AC/29/2013
Citation No.	[2017]DLHC12179

HIS LORDSHIP JUSTICE R. B. BATU J

JASMINE ASIEDU HOLDING BRIEF FOR KWAME AKYEANU FOR PLAINTIFF

ANTHONY BOATENG FOR DEFENDANT

[2017]DLHC12179
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													<main id="main" class="content" style="min-height: 60rem" >FIRST ATLANTIC BANK LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p><a name="_heading=h.gjdgxs"></a>AMAPOK
LTD, KWANE OTI AWERE<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH
COURT (LAND DIVISION), ACCRA]<o:p></o:p>&nbsp;<div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt;">

SUIT
NO. AC/29/2013 &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATE: 12TH MAY 2017<o:p></o:p>

</div>COUNSEL&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; <o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

JASMINE ASIEDU
HOLDING BRIEF FOR KWAME AKYEANU FOR PLAINTIFF<o:p></o:p>

ANTHONY BOATENG FOR
DEFENDANT<o:p></o:p>

</div>CORAM<o:p></o:p>HIS LORDSHIP JUSTICE R. B. BATU J<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0cm;">

JUDGMENT<o:p></o:p>

</div>The terms of settlement signed by the parties and their counsel
filed on 12th May, 2017 adopted as
judgment of the Court as follows:<o:p></o:p>&nbsp;&nbsp;<p class="MsoListParagraph" style="margin-top:0cm;margin-right:6.5pt;margin-bottom:
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-indent:-18.0pt;line-height:
115%;mso-list:l0 level1 lfo2;tab-stops:46.35pt"><span style="font-size:12.0pt;mso-bidi-font-size:14.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">a)<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Plaintiff commenced
legal action against
the Defendants on 12th December, 2012, seeking the following
reliefs:<o:p></o:p>&nbsp;<p class="MsoListParagraph" style="margin-top:0cm;margin-right:6.4pt;margin-bottom:
0cm;margin-left:70.7pt;margin-bottom:.0001pt;text-indent:-36.0pt;line-height:
115%;mso-list:l0 level2 lfo2;tab-stops:82.35pt"><span style="font-size:12.0pt;mso-bidi-font-size:14.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">(i)<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An Order for the recovery of GH¢494,546.01
being the collective indebtedness of the Defendants to the Plaintiff as at 17th September, 2012.<o:p></o:p><p class="MsoListParagraph" style="margin-top:0cm;margin-right:6.65pt;margin-bottom:
0cm;margin-left:70.7pt;margin-bottom:.0001pt;text-indent:-36.0pt;line-height:
115%;mso-list:l0 level2 lfo2;tab-stops:82.35pt"><span style="font-size:12.0pt;mso-bidi-font-size:14.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">(ii)<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on thee said sum at the agreed rate of 28.5 percent per annum
from 18th September, 2012 to the date of final payment.<o:p></o:p>