INTERCONTINENTAL BANK GH LTD vs. NAVOO ENTERPRISE LTD AND 2 OTHERS [2018]DLHC3679

Date	2018-04-20
Suit No.	SUIT NO. CM/BFS/0027/16
Citation No.	[2018]DLHC3679

GEORGE K. KOOMSON JUSTICE OF THE HIGH COURT

SHARON BLANKSON FOR PLAINITFF

[2018]DLHC3679
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													<main id="main" class="content" style="min-height: 60rem" >INTERCONTINENTAL BANK GH
LTD<o:p></o:p>vs.<o:p></o:p>NAVOO ENTERPRISE LTD AND
2 OTHERS<o:p></o:p>[HIGH COURT (COMMERCIAL
COURT), ACCRA]<o:p></o:p>SUIT NO. CM/BFS/0027/16&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 20TH APRIL, 2018<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>COUNSEL:<o:p></o:p>SHARON BLANKSON FOR PLAINITFF <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>GEORGE K. KOOMSON JUSTICE OF THE HIGH COURT <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>This case was transferred to this court by Her Ladyship the Chief
Justice on the 27th <o:p></o:p>July, 2016. <o:p></o:p><o:p>&nbsp;</o:p>A brief summary of the facts in this case is that the Plaintiff
granted the 1st Defendant a local purchase Order Finance of GH¢320,000.00 for a
term of 3 months at an interest of 29% per annum to enable the 1st Defendant to
supply computers, computer accessories, car tyres and car batteries. The said
facility was guaranteed by 2nd and 3rd Defendants and a legal mortgage over a
property at Amasaman, Accra. The Defendants defaulted in the repayment of the
facility. The Plaintiff brought the present action asking for the following
reliefs:- <o:p></o:p><p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l0 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A recovery of the sum of
GH¢214,331.72 being as at 2nd November, 2011 the outstanding balance of the
facility advanced to the 1st Defendant Company. <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l0 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the amount of
GH¢214,331.72 from 25th October, 2010 to the date of final payment at the
prevailing bank lending rate. Alternatively the judicial sale of H/No. A138,
Abehenease with Registration No. AR/5549/2005 situate at Amasaman, Accra <o:p></o:p><p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l0 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Costs occasioned by this
action. <o:p></o:p><o:p>&nbsp;</o:p>In view of the transfer, the case suffered series of adjournments
as the Defendants were not attending court after the transfer to this Court.
Despite hearing notices being served on the Defendants, they failed to attend
court. The court on the 20th July, 2017 ordered the parties to file their
respective witness statements and check- lists with a further order that the
Plaintiff should serve the Defendants with a copy of the order. The matter was
adjourned for case management. Despite being served with a copy of the order
made on the 20th July, 2017, the Defendants failed to file their witness statements
and check-lists. On the 5th March, 2018, the Court in conducting case
management and in compliance with Order 32 rule 7A(3)(b) of the High Court
(Civil Procedure) Rules, 2004 (C.I 47) as amended by C.I.87, struck out the
statement of defence and counter claim filed by the Defendants. They were
accordingly ordered to open its case in proof of its claim. Hearing notice was
accordingly served on the Defendants. <o:p></o:p><o:p>&nbsp;</o:p>On the 12th April, 2018, the Defendants were represented in court
by Mr. Charles Lamptey and counsel for Defendants</main>