NDK FINANCIAL SERVICES LTD vs. MASERN GHANA LTD AND 3 OTHERS [2017]DLHC3675

Date	2017-02-17
Suit No.	SUIT NO. BFS/285/14
Citation No.	[2017]DLHC3675

GEORGE K. KOOMSON JUSTICE OF THE HIGH COURT

BANNERMAN-WILLIAMS JNR FOR PLAINTIFF

[2017]DLHC3675
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													<main id="main" class="content" style="min-height: 60rem" >NDK FINANCIAL SERVICES
LTD<o:p></o:p>vs.<o:p></o:p>MASERN GHANA LTD AND 3
OTHERS<o:p></o:p>[HIGH COURT (COMMERCIAL
DIVISION), ACCRA]<o:p></o:p>SUIT NO. BFS/285/14&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 17TH
FEBRUARY, 2017<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<o:p>&nbsp;</o:p>

</div>COUNSEL:<o:p></o:p>BANNERMAN-WILLIAMS JNR FOR PLAINTIFF <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<o:p>&nbsp;</o:p>

</div>CORAM:<o:p></o:p>GEORGE K. KOOMSON JUSTICE OF THE HIGH COURT <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>JUDGMENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>&nbsp;On the 28th
October, 2014, the plaintiff issued a writ of summons asking for the
following reliefs: <o:p></o:p><p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l0 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of the sum GHS
56,438.71 (Fifty-Six Thousand and Four Hundred and Thirty-Eight Ghana Cedis
Seventy-One Pesewas) against the Defendants jointly and severally. <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l0 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the sum
GHS41,357.31 (Forty-One Thousand, Three Hundred and Fifty-Seven Ghana Cedis
Thirty-One Pesewas) at the rate of 3.5% per month compound calculated on a 30
day month basis from 2nd September, 2014 till date of final payment
against the Defendants jointly and severally. <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l0 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A default charge of 2.5% of the
total judgment debt (exclusive costs). <o:p></o:p><p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l0 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Judicial sale of the mortgaged
property in satisfaction of the judgment debt. <o:p></o:p><o:p>&nbsp;</o:p>On the 23rd September, 2015 the defendants entered what
they described as late appearance. A defence was also filed on the same date.
After close of pleadings the matter was referred to a pre-trial judge as
required by the rules of court. When pre-trial settlement failed issues were
settled by the pre-trial judge and referred for trial. <o:p></o:p><o:p>&nbsp;</o:p>On the 15th November, 2016 the court ordered parties to
file their respective witness statement and check-lists within 21 days. The
matter was adjourned to 21st December, 2016 for case management and
a further order that the plaintiff serve the defendant with a copy of the order
made on the 15th November, 2016. <o:p></o:p><o:p>&nbsp;</o:p>Hearing notice and the order made by the court was served on the
defendants on the 21st November, 2016. On the 21st December,
2016 the defendants failed to attend court. The case was adjourned to</main>