ESM COMPANY LIMITED vs. EXIMGUARANTY COMPANY GHANA LIMITED AND BIG AIDOO CONSTRUCTION COMPANY LIMITED AND BEST POINT SAVINGS & LOANS CO. LTD [2018]DLCA4727

ESM COMPANY LIMITED vs. EXIMGUARANTY COMPANY GHANA LIMITED AND BIG AIDOO CONSTR... [2018]DLCA4727

Date	2018-05-31
Suit No.	CIVIL APPEAL NO.H1/169/2017
Citation No.	[2018]DLCA4727

KUSI-APPIAH J.A. (PRESIDING)

AYEBI J.A

SOWAH J.A.

FRANK ASAMOAH FOR DEFENDANT/APPELLANT

AKOTO AMPAW FOR PLAINTIFF/RESPONDENT

[2018]DLCA4727
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													<main id="main" class="content" style="min-height: 60rem" ><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;;
letter-spacing:.75pt;mso-bidi-font-style:italic"><o:p>&nbsp;</o:p>ESM COMPANY LIMITED<o:p></o:p>(PLAINTIFF/JC/RESPONDENT)<o:p></o:p>vs.<o:p></o:p>EXIMGUARANTY COMPANY GHANA LIMITED AND BIG AIDOO CONSTRUCTION
COMPANY LIMITED<o:p></o:p>(1ST
AND 2ND DEFENDANT/JD/RESPONDENT)<o:p></o:p>AND<o:p></o:p>BEST POINT SAVINGS &amp;
LOANS CO. LTD<o:p></o:p>(GARNISHEE/APPELLANT)<o:p></o:p><o:p>&nbsp;</o:p>[COURT
OF APPEAL, CAPE COAST]<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">

CIVIL APPEAL NO.H1/169/2017&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 31ST
MAY, 2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p>FRANK ASAMOAH FOR
DEFENDANT/APPELLANT<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">

AKOTO
AMPAW FOR PLAINTIFF/RESPONDENT&nbsp;&nbsp;&nbsp; <o:p></o:p>

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

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

</div>SOWAH,
J.A.:<o:p></o:p>This
is an appeal by the Garnishee/Appellant against the Ruling of the High Court,
General jurisdiction, Accra dated 11th March 2016. The Ruling
dismissed the Garnishee/Appellants' claim to the proceeds of an Interim Payment
Certificate [IPC 11] in respect of which the Plaintiff/judgment
creditor/Respondent had initiated garnishee proceedings to attach for a
judgment debt owed by the 2nd defendant/judgment debtor/Respondent.<o:p></o:p>Facts<o:p></o:p>The background facts are that
the plaintiff/judgment creditor/Respondent sold a Quarry Plant to the 2nd
defendant/judgment debtor/Respondent on credit terms. The 1st
defendant issued a bank guarantee for the outstanding purchase price. The
plaintiff obtained judgment against the defendants' <span style="font-size: 12pt; line-height: 115%; font-family: &quot;Book Antiqua&quot;, serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">on 22nd July 2015 for the
balance of the unpaid purchase price and took out garnishee proceedings
directed at the Ministry of Finance, Ghana Highways Authority and the
Garnishee/Appellant herein. <o:p></o:p>At the hearing of the
application, it emerged that the garnishee/appellant was not indebted to the
2nd defendant/judgment debtor/respondent. Rather, she had given two separate
credit facilities to the 2nd defendant/judgment debtor/respondent on 2nd
July 2015 and 7th September 2015 [see pages 258-261 and 266-268] and the
proceeds of IPC 11 issued by the Ghana Highways Authority in favour of the 2nd
defendant/judgment debtor for work done was to be assigned to the
garnishee/appellant as</main>