CHRISLINE FINANCIAL SERVICES LIMITED vs. ENSAAM WOODWORKS LTD AND 3 OTHERS [2017]DLHC3910

Date	2017-03-15
Suit No.	SUIT NO.: BFS/62/15
Citation No.	[2017]DLHC3910

JANAPARE A. BARTELS-KODWO (MRS.) JUSTICE OF THE HIGH COURT

AHMED BELLO REPRESENTING THE 1ST 2ND 3RD AND 4TH DEFENDANTS.

MR. FOSTER GBONNEY FOR THE PLAINTIFF

[2017]DLHC3910
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													<main id="main" class="content" style="min-height: 60rem" >CHRISLINE FINANCIAL
SERVICES LIMITED<o:p></o:p>vs.<o:p></o:p>ENSAAM WOODWORKS LTD AND
3 OTHERS<o:p></o:p>[HIGH COURT (COMMERCIAL
DIVISION), ACCRA]<o:p></o:p>SUIT NO.: BFS/62/15&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 15TH MARCH, 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>AHMED BELLO
REPRESENTING THE 1ST, 2ND, 3RD AND 4TH DEFENDANTS.<o:p></o:p>MR. FOSTER GBONNEY FOR THE PLAINTIFF <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">

</div><p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l2 level1 lfo2;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Plaintiff a non-banking
financial institution claims against the Defendants jointly and severally an
outstanding amount of One Hundred and
Twenty Seven Thousand Eight Hundred and Ninety-Seven Ghana Cedis and Forty-Six
Pesewas (GH¢127,897.46) as at 30th November 2014 from a nine (9)
month credit facility of One Hundred and
Fifty Thousand Ghana Cedis (GH¢150,000.00) granted to 1st Defendant
on 7th February, 2014 at monthly interest of 5.5% plus 2% monthly
penal charge upon default, secured with pledged vehicles viz MAN Diesel Truck
Registration No. GT 6903-11, Toyota Sienna vehicle Registration No. GT 1960-13,
Lexus Saloon car Registration No. GN 1188-3 with additional personal guarantees
issued by each of the 2nd, 3rd, 4th Defendants
for the facility which remains unpaid by the Defendants to date. <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l2 level1 lfo2;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest thereon from December
2014 till date of final payment. <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l2 level1 lfo2;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Costs. <o:p></o:p><p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l2 level1 lfo2;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alternatively an Order for the
Judicial Sale of the pledged vehicles. <o:p></o:p><o:p>&nbsp;</o:p>PLAINTIFF’S CASE: The Plaintiff’s case is that at the request of the 1st Defendant,
it granted it a loan facility of a One
Hundred and Fifty Thousand Ghana Cedis (GH¢150,000.00) to 1st Defendant
on 7th February, 2014 at a monthly interest rate of 5.5% plus a
default of 2% per month for a nine (9) month period on 7th February
2014 which facility was duly accepted by 1st Defendant through the 2nd
Defendant. <o:p></o:p><o:p>&nbsp;</o:p>According to the Plaintiff’s pleadings the 2nd and 3rd
Defendants personally guaranteed the loan facility to the Plaintiff with
the 2nd Defendant pledging as further security the following
vehicles to the Plaintiff. They are a Toyota Sienna with Registration No. GN
1960-13 and an RX Lexus model vehicle; whilst the 4th Defendant also
as further security in connection with the facility in issue, also pledged its
MAN Diesel 26.413 with Registration Number GT 6903-11 through the 3rd Defendant
to the Plaintiff