JISLAH FINANCIAL LIMITED & ANOR vs. TCP MONEY LENDING LIMITED & ORS. [2018]DLHC4119

Date	2018-07-11
Suit No.	SUIT NO.RPC/53/17
Citation No.	[2018]DLHC4119

ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT

EDDIE YAO HARVEY FOR PLAINTIFF

ISAAC BERKO FOR DEFENDANTS

[2018]DLHC4119
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">JISLAH FINANCIAL LIMITED &amp; ANOR<o:p></o:p></a>vs.<o:p></o:p>TCP MONEY LENDING LIMITED &amp; ORS.<o:p></o:p>&nbsp;[HIGH COURT (COMMERCIAL DIVISION), KUMASI]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SUIT NO.RPC/53/17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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:
11TH JULY, 2018<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>EDDIE
YAO HARVEY FOR PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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ISAAC BERKO FOR DEFENDANTS<o:p></o:p>

JUDGMENT<o:p></o:p>

</div>It
is provided Under Order 14 rule (1) of the High Court (Civil Procedure) Rules, 2004,
C.I. 47 that:<o:p></o:p>“Where
in an action a Defendant has been served with a statement of claim and has
filed appearance, the Plaintiff may on notice apply to the Court for judgment
against the Defendant on the ground that the Defendant has no defence to a
claim included in the writ, or to a particular part of such a claim or that the
Defendant has no defence to such a claim or part of a claim, except as to the
amount of any damage claimed.<o:p></o:p>However,
under the Commercial Court Rules, Order 58 at C.I. 47, specifically rule 3 (2).<o:p></o:p>“Applications
for summary judgment or judgment on admissions shall not be filed until after
the pre-trial settlement conference.<o:p></o:p>The
Plaintiff herein instituted an action to recover the sum of GHC 1,276,938.48,
interest thereon and general damages from the Defendant.<o:p></o:p>The
Defendants filed a statement of defence and admitted the sum claimed, but with
a caveat that the said amount includes interest.<o:p></o:p>Having
gone through a pre-trial Settlement Conference, the instant application is
proper and there are sufficient grounds as contained in the supporting
affidavit for the same to be granted. More importantly, the Defendants have not
opposed the application.<o:p></o:p>A
perusal of the processes filed, particularly, the indorsement on the writ of
summons indicates, that the Plaintiff is claiming interest from 15/05/2017 and
not interest which had accrued before that date. The inference is that all
accrued interest before 15/05/2017 had been added to the principal.<o:p></o:p>In
the circumstance, the Court hereby grants a summary judgment against the Defendants
jointly and severally in the sum of GHC 1,276,938.48. The Plaintiff cannot be
denied interest on this sum because the Defendants have denied it the use of
that money which could have been invested in other ventures.<o:p></o:p>On
the authority of Akoto v. Gyamfi Addo (2005/2006) SCGLR 1018, the Court hereby
grants the relief for interest on the sum of GHC 1,276,938.48. The rate of
interest shall be the prevailing Commercial Bank rate and at simple interest.<o:p></o:p>Relief
(iii) for general damages is struck out as abandoned.<o:p></o:p>Cost
of GHC 100,000.00 is awarded against the Defendants in favour of the Plaintiff.
<o:p></o:p><o:p>&nbsp;</o:p>

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