TRADEX RESOURCES FOUNDATION vs. CAL BANK LIMITED AND SQ. LEADER EBO BARTELS [2018]DLCA4765

Date	2018-03-19
Suit No.	CIVIL APPEAL NO.: H1/18/2018
Citation No.	[2018]DLCA4765

GYAESAYOR JA (PRESIDING)

B. F. ACKAH-YENSU JA

SUURBAAREH JA

BABACAR BARRY FOR 2ND DEFENDANT/RESPONDENT

SERWAH BARBEL FOR 1ST DEFENDANT/RESPONDENT

PRINCE FREDERICK NEE ASHIE NEEQUAYE FOR PLAINTIFF/APPELLANT

[2018]DLCA4765
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													<main id="main" class="content" style="min-height: 60rem" >TRADEX RESOURCES FOUNDATION<o:p></o:p>vs.<o:p></o:p>CAL BANK LIMITED AND SQ. LEADER EBO
BARTELS<o:p></o:p>[COURT
OF APPEAL, 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">

CIVIL
APPEAL NO.: H1/18/2018 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19TH
MARCH, 2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p>BABACAR BARRY FOR 2ND DEFENDANT/RESPONDENT<o:p></o:p>SERWAH BARBEL FOR 1ST DEFENDANT/RESPONDENT<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">

PRINCE FREDERICK NEE ASHIE NEEQUAYE FOR
PLAINTIFF/APPELLANT<o:p></o:p>

</div>CORAM:<o:p></o:p>GYAESAYOR JA (PRESIDING), B. F. ACKAH-YENSU JA,
SUURBAAREH JA<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="MsoNormalCxSpMiddle" align="center" style="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>BARBARA
ACKAH-YENSU (Ms) JA<o:p></o:p>The fundamental issue raised in this appeal is;
whether or not at the time of the auction sale the Plaintiff/Appellant was
clothed with the requisite interest in the property auctioned, which is the subject
matter of the dispute, to enable it have the sale set aside. The collateral
issue that flows from the fundamental issue is; whether the property in dispute
could have been properly seized and sold in execution of the judgment of the
High Court?<o:p></o:p><o:p>&nbsp;</o:p>These are the circumstances that have given rise to
the instant appeal.<o:p></o:p><o:p>&nbsp;</o:p>Plaintiff/Appellant filed a writ against the
Defendants/Respondents seeking the following reliefs:<o:p></o:p>“i. Setting aside the
purported sale of house (unnumbered) at Katamanso with Land Certificate No. TD
2386; as same has been encumbered by a Mortgage since 2008. <o:p></o:p>&nbsp;ii. Declaring that the said sale was
fraudulent and hence void in both law and equity.<o:p></o:p>iii. Perpetual injunction
to restrain Defendants especially 1st Defendant, whether by himself,
his servants, agents, assigns or whomsoever deriving authority from him
from&nbsp;&nbsp;&nbsp;&nbsp; trespassing or interfering with
the said property”.<o:p></o:p><o:p>&nbsp;</o:p>The Plaintiff/Appellant’s case is that it was
approached, as a microfinance company, by one Gabriel Ofori-Attah for a loan
facility in September 2006, which loan it granted.&nbsp; Gabriel Ofori-Attah used a property situate
at Katamanso as security for the loan.<o:p></o:p><o:p>&nbsp;</o:p>Upon becoming aware of an auction sale of the
aforementioned property pursuant to an order for judicial sale by the High
Court at the instance of the 1st Defendant/Respondent, the
Plaintiff/Appellant filed an application in the High Court to set aside the
auction sale, which was unsuccessful.&nbsp;
The High Court, presided over by Justice Henry A. Kwofie, held that the Plaintiff/Appellant
had failed to prove that he had sustained any substantial injury by reason of
any irregularity.&nbsp; That, the auction sale
was properly and regularly conducted. Plaintiff/Appellant then issued a fresh
action against the Defendants/Respondents.<o:p></o:p><o:p>&nbsp;</o:p>The case of the 1st Defendant/Respondent on
the other hand was that it granted a loan facility to the said Gabriel Ofori-Attah
(then trading as Gaforiah Enterprise) who in addition to securing the facility
with a personal guarantee created a mortgage over a property situate at Labadi
belonging to one Theresa Kai Oku.&nbsp; Upon
the default of the said Gabriel Ofori-Attah, the 1st Defendant/Respondent
instituted an action in the High Court and obtained judgment pursuant to which Gabriel
Ofori-Attah’s property located at Nana Krom in Ashalley-Botwe in Accra was disposed
of by judicial sale in satisfaction of the debt.<o:p></o:p><o:p>&nbsp;</o:p>It was the further case of the 1st Defendant/Respondent
that whatever interest the Plaintiff/Appellant claimed to have in the property in
dispute was procured by fraud as the loan agreements were unsigned and undated,
and, that the Land Tittle transfer of leasehold forms were uncompleted and
unregistered at the time of the app</main>