FIDELITY BANK (GH) LTD vs WESTERN AUTOMOBILE CO. LTD, BRUTUS ANTOH MENSAH AND BENJAMIN NANA BOAKYE [2017]DLHC7039

FIDELITY BANK (GH) LTD vs WESTERN AUTOMOBILE CO. LTD, BRUTUS ANTOH MENSAH AND B... [2017]DLHC7039

Date	2017-06-19
Suit No.	SUIT NO. BFS/50/2014
Citation No.	[2017]DLHC7039

HER LADYSHIP JUSTICE JANAPARE A. BARTELS-KODWO (MRS)

BARIMA MANU WITH ISAAC BOATENG FOR THE PLAINTIFF

GEORGE BEKAI FOR THE DEFENDANT

[2017]DLHC7039
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													<main id="main" class="content" style="min-height: 60rem" >FIDELITY BANK (GH) LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs<o:p></o:p>WESTERN AUTOMOBILE CO. LTD, BRUTUS ANTOH MENSAH AND BENJAMIN
NANA BOAKYE<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH COURT, ACCRA]<o:p></o:p>SUIT NO. BFS/50/2014&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 19TH JUNE, 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>CORAM:<o:p></o:p>HER LADYSHIP JUSTICE JANAPARE A. BARTELS-KODWO (MRS)<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>By a writ of summons, the Plaintiff herein claims: <o:p></o:p>(a) The
recovery of a sum of Ten Million, Five
Hundred and Twenty-Six Thousand, Nine <o:p></o:p>Hundred and Thirteen Ghana Cedis Fifteen Pesewas (GHȼ10,526,913.15)
being
the outstanding balance on a loan granted the first Defendant; <o:p></o:p>(b) Interest
on the said sum at the agreed rate of interest per annum calculated at the
close of each day and payable at the end of every month until date of final
payment; <o:p></o:p>(c) Cost
including lawyer’s fees administrative and statutory expenses assessed at 10%
of the aggregate sum due and payable under the facility; <o:p></o:p><o:p>&nbsp;</o:p>The Plaintiff’s claims are borne out from the following facts; <o:p></o:p>The Plaintiff granted a series of credit facilities to the 1st
Defendant in the form of letters of credit to assist the Defendant in its
business between 2008 and 2010. The 2nd and 3rd Defendants
are the Directors of the 1st Defendant Company who granted payment
of the loans. The 1st Defendant defaulted in repaying the credit
granted despite several demands on it to do same. In 2013, the 1st Defendant
made various proposals to the Plaintiff to enable it liquidate its indebtedness
but it failed to comply with its own proposals although it is in active
business and impliedly in a position to pay off the credit. As at January 2014,
the debts of the 1st Defendant stood at Ten Million, Five Hundred
and Twenty-Six Thousand Nine Hundred and Thirteen Ghana Cedis Fifteen Pesewas (GHȼ10,526,913.15).
The Plaintiff prays this Honourable Court to order the recovery of the sum
above-mentioned. <o:p></o:p><o:p>&nbsp;</o:p>The Defendants on the other hand claim that the P</main>