UNIBANK GHANA LTD vs. ASONA GOLD MINING CO. LTD AND 2 OTHERS [2017]DLHC3843

Date	2017-05-30
Suit No.	SUIT NO. BFS371/2010
Citation No.	[2017]DLHC3843

JUSTICE JEROME NOBLE-NKRUMAH JUSTICE OF THE HIGH COURT

PETER KWESI DADZIE ESQ. FOR THE PLAINTIFF

ABA EWUSIE MENSAH FOR JERRY SHAIB FOR THE DEFENDANTS

[2017]DLHC3843
																																						<div class="restriction-wrapper">
														<div class="container-lg">
															<div class="row">
																<div class="col-md-12 restricted-content">
																	<div class="restricted-content-img-wrapper">
																		<div class="lock-icon bounce-7">
																			<img class=""
																				src="https://www.dennislawgh.com/dl-assets/dl-images/lock-content.png"
																				alt="Subscription based content">
																		</div>
																	</div>
																	 
																		<a href="https://www.dennislawgh.com/login"
																		class="btn btn-primary btn-lg"
																		style="font-family: 'open sans'; text-transform: capitalize; border-radius: 8px"> 
																		Login to Read Full Case </a>
																	 
																	
																</div>
															</div>
														</div>
													</div>
													<main id="main" class="content" style="min-height: 60rem" >UNIBANK GHANA LTD<o:p></o:p>vs.<o:p></o:p>ASONA GOLD MINING CO.
LTD AND 2 OTHERS<o:p></o:p>[HIGH COURT (COMMERCIAL
DIVISION), ACCRA]<o:p></o:p>SUIT NO. BFS371/2010&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;30TH MAY, 2017<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:31.0pt 31.0pt 1.0pt 31.0pt;mso-border-shadow:yes">

<o:p>&nbsp;</o:p>

</div>COUNSEL:<o:p></o:p>PETER KWESI
DADZIE ESQ. FOR THE PLAINTIFF <o:p></o:p>ABA EWUSIE
MENSAH FOR JERRY SHAIB FOR THE DEFENDANTS<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 31.0pt 1.0pt 31.0pt">

<o:p>&nbsp;</o:p>

</div>CORAM:<o:p></o:p>JUSTICE JEROME NOBLE-NKRUMAH JUSTICE OF THE HIGH COURT <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 31.0pt 1.0pt 31.0pt">

<o:p>&nbsp;</o:p>

</div>JUDGMENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 31.0pt 1.0pt 31.0pt">

<o:p>&nbsp;</o:p>

</div>The plaintiff per its writ of summons claims from the defendants <o:p></o:p><p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of GHC1,892,298.77
being the sum owed by the defendants to plaintiff as at 14th October
2010 <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the said sum of
GHC1,892,298.77 at the banks default rate of 35.95% <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alternatively an order for a
judicial sale of the under listed properties mortgaged or charged in favour of
the plaintiff <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-left:1.0in;mso-add-space:
auto;text-align:justify;text-indent:-.5in;mso-pagination:none;mso-list:l3 level1 lfo2;
border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Legal mortgage over two storey
uncompleted hotel situated on parcel no. 261 block 8 section 114 at La
Bawaleshie, East Legon, Accra OMV of GHC800,000.00 and FSV of GHC515,000.00
belonging to 2nd and 3rd defendants <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-left:1.0in;mso-add-space:
auto;text-align:justify;text-indent:-.5in;mso-pagination:none;mso-list:l3 level1 lfo2;
border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Legal mortgage over two storey
residential property situated at Ogbo, East Legon belonging to 2nd and
3rd defendant <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">d.&nbsp;&nbsp;&nbsp;&nbsp;
Judicial sale of fixed and
floating assets of the company <o:p></o:p><p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<spa</main>