NDK FINANCIAL SERVICES LTD (PLAINTIFF) vs. MASERN GHANA LTD & 3 ORS (DEFENDANTS) [2017]DLHC7304

Date	2017-02-17
Suit No.	SUIT NO. BFS/285/14
Citation No.	[2017]DLHC7304

HIS LORDSHIP GEORGE K. KOOMSON (J).

BANNERMAN-WILLIAMS JNR FOR PLAINTIFF

[2017]DLHC7304
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													<main id="main" class="content" style="min-height: 60rem" >NDK
FINANCIAL SERVICES LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>MASERN GHANA
LTD &amp; 3 ORS<o:p></o:p>(DEFENDANTS)<o:p></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:0in 0in 1.0pt 0in">

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;DATE:
17TH FEBRUARY, 2017<o:p></o:p>

BANNERMAN-WILLIAMS
JNR FOR PLAINTIFF<o:p></o:p>

</div>CORAM:<o:p></o:p>HIS
LORDSHIP GEORGE K. KOOMSON (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;
padding:1.0pt 0in 1.0pt 0in">

<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 1.0pt 0in">JUDGMENT<o:p></o:p>

</div>On the 28th October, 2014, the Plaintiff
issued a writ of summons asking for the following reliefs:<o:p></o:p><span lang="EN-GB" 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;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery
of the sum GH¢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><o:p>&nbsp;</o:p><span lang="EN-GB" 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;">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest
on the sum GH¢41,357.31 (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><o:p>&nbsp;</o:p><span lang="EN-GB" 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;">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A
default charge of 2.5% of the total judgment debt (exclusive costs).<o:p></o:p><o:p>&nbsp;</o:p><span lang="EN-GB" 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;">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.&nbsp;
A defence was also filed on the same date.&nbsp; After close of pleadings the matter was referred
to a pre-trial judge as required by the rules of Court.&nbsp; When pre-trial settlement failed issues were
settled by the pre-trial judge and referred for trial.<o:p></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>Hearing notice and the order made by the Court was
served on the Defendants on the 21st November, 2016.&nbsp; On the 21st December, 2016 the Defendants
failed to attend Court.&nbsp; The case was
adjourned to 17th January, 2017.&nbsp;
Hearing notice was served on the Defendants.<o:p></o:p>