UNIBANK GHANA LIMITED vs. MANASSEH RHEMA LTD & 4 ORS [2018]DLHC10152

Date	2018-07-23
Suit No.	SUIT NO. BFS/313/2014
Citation No.	[2018]DLHC10152

JUSTICE GEORGE BUADI J.

NANA ABA ODARTEI LARYEA ESQ. FOR PLAINTIFF

HENRIETTA CHARWAY ESQ. FOR DEFENDANT

[2018]DLHC10152
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													<main id="main" class="content" style="min-height: 60rem" >UNIBANK GHANA LIMITED<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>MANASSEH RHEMA LTD &amp; 4 ORS<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH COURT
(COMMERCIAL 5), ACCRA]<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT
NO. BFS/313/2014&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;DATE: 23RDJULY 2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p>NANA ABA ODARTEI
LARYEA ESQ. FOR PLAINTIFF<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">HENRIETTA
CHARWAY ESQ. FOR DEFENDANT <o:p></o:p>

</div>CORAM:<o:p></o:p>JUSTICE GEORGE
BUADI J.<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: windowtext; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: windowtext; border-right: none; padding: 1pt 0cm;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;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:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>

</div>&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Void actions on grounds of non-conformity with provisions
of statute – s.32, Borrowers and Lenders Act, 2008 (Act 773)<o:p></o:p>2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Requirement of demand notice 30 days prior to commencement
of mortgage action.<o:p></o:p>3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jurisdiction - Courts mandate on such
breach of statute.<o:p></o:p>&nbsp;1.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Background<o:p></o:p>1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plaintiff is a local banking institution.
1st defendant is a local corporate fuel retailer that also operates
other auxiliary businesses in the nature of restaurant, rest stop, car-washing,
as well as lubrication services. 3rd defendant is a director, whilst
2nd defendant is the managing director of the company. The 4th
and 5th defendants are the surety mortgagors who plaintiff claims
gave up their landed properties as mortgages for grant of the facility. <o:p></o:p>&nbsp;1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plaintiff’s claim against defendants
severally and jointly for the following reliefs:<o:p></o:p>&nbsp;i&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery of the sum of One Million Two Hundred and
Forty-Six Thousand One Hundred and Twelve Ghana Cedis twenty-One Pesewas (GHS1,
246, 112, 21) being the Loan facility granted the 1st Defendant by
the Plaintiff. <o:p></o:p>ii&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery of the sum of One Hundred Thousand Ghana Cedis
(GHS175, 205.50) being the Overdraft facility granted the 1st
Defendant by the Plaintiff.<o:p></o:p>iii&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on relief (i) supra at 28% per annum with effect
from 30th September, 2014 till date of final payment.<o:p></o:p>iv&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on relief (ii) above at 33% per annum with effect
from 31st December, 201 till date of final payment.<o:p></o:p>v&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penal interest on relief (i) from 30th
September, 2014 till date of final payment.<o:p></o:p>vi&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penal interest on relief (ii) from 31st December,
2013 till date of&nbsp; final payment<o:p></o:p>