AGRICULTURAL DEVELOPMENT BANK LTD vs. DWADIFO ADANFO MICROFINANCE CO. LTD AND 4 ORS [2017]DLHC1287

AGRICULTURAL DEVELOPMENT BANK LTD vs. DWADIFO ADANFO MICROFINANCE CO. LTD AND 4... [2017]DLHC1287

Date	2017-10-27
Suit No.	SUIT NO.: CM/0313/16
Citation No.	[2017]DLHC1287

SAMUEL K. A. ASIEDU J.

MR. NUCHE NWOSU WITH HIM NICHOLAS BARTELS FOR THE PLAINTIFF

[2017]DLHC1287
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													<main id="main" class="content" style="min-height: 60rem" >AGRICULTURAL DEVELOPMENT BANK
LTD<o:p></o:p>vs.<o:p></o:p>DWADIFO ADANFO MICROFINANCE
CO. LTD&nbsp; AND 4 ORS<o:p></o:p><o:p>&nbsp;</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:0cm 0cm 1.0pt 0cm">

&nbsp;SUIT
NO.: CM/0313/16&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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:&nbsp;27TH&nbsp;OCTOBER, 2017&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;

</div>COUNSEL:<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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MR. NUCHE NWOSU WITH HIM NICHOLAS BARTELS FOR
THE PLAINTIFF &nbsp;<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;
border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none;
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<p class="MsoNormal" align="center" style="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">JUDGMENT<o:p></o:p>

</div>By a writ of summons, the plaintiff claims against
the defendant jointly and severally: <o:p></o:p><span lang="EN-US" 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;Recovery
of the sum of GH¢11,835,612.28 (Eleven Million Eight Hundred and Thirty Five
Thousand, Six Hundred and Twelve Ghana Cedis and Twenty Eight Pesewas) being
the outstanding debt on the Overdraft and Term Loan 1 facility granted the 1st
Defendant and secured by 2nd, 3rd, 4th and 5th
Defendants.<o:p></o:p><span lang="EN-US" 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;">(b)&nbsp;&nbsp;
Interest on the above sum at the commercial lending
rate from July 2015 until date of final payment.<o:p></o:p><span lang="EN-US" 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;">(c)&nbsp;&nbsp;
Costs inclusive of solicitor’s legal fees.<o:p></o:p>After the entry of appearance to the writ and the
filing of a statement of defence and a reply thereto, the matter was referred
to pre-trial settlement. The case was eventually set down for hearing when
pre-trial settlement failed.<o:p></o:p>On the 21st February 2017, the court
made an order for the parties to file their witness statements and appear in court
on the 31st March 2017 for pre-trial case management conference.
This order was served on the defendants through their solicitor on the 23rd
March 2017. The plaintiff filed its witness statement on the 21st
March 2017 and it was served on the defendants through their solicitor who
confirmed service before the court on the 31st March 2017.&nbsp; The matter was adjourned to 28th
April 2017 to enable the defendants also file their witness statements.
However, when the defendants and their solicitor failed to show-up in court on
the 28th April 2017, the court adjourned the matter once again to
the 19th of May 2017 to afford the defendants yet another
opportunity to file their witness statement. Hearing notice was again served on
the solicitor for the defendants on the 10th May 2017. <o:p></o:p>However, when the defendants and their solicitor
again failed to attend court on the 19th May 2017, the defence filed
on behalf of the 1st, 2nd, 3rd and 4th
defendants was struck out in accordance with rule 7A sub rule 3 (b) of Order 32
of the High Court (Civil Pro</main>