INTERCONTINENTAL BANK GH LTD (PLAINTIFF) vs. NAVOO ENTERPRISE LTD & 2 ORS (DEFENDANTS) [2018]DLHC7286

INTERCONTINENTAL BANK GH LTD (PLAINTIFF) vs. NAVOO ENTERPRISE LTD & 2 ORS (DEFEN... [2018]DLHC7286

Date	2018-04-20
Suit No.	SUIT NO. CM/BFS/0027/16
Citation No.	[2018]DLHC7286

HIS LORDSHIP GEORGE K. KOOMSON (J).

SHARON BLANKSON FOR PLAINITFF

[2018]DLHC7286
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													<main id="main" class="content" style="min-height: 60rem" >INTERCONTINENTAL BANK GH LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>NAVOO ENTERPRISE LTD &amp; 2 ORS<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH COURT (COMMERCIAL DIVISION), ACCRA]<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. 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;DATE:
20TH APRIL, 2018<o:p></o:p>

SHARON BLANKSON FOR PLAINITFF<o:p></o:p>

</div>CORAM:<o:p></o:p>HIS LORDSHIP GEORGE K.
KOOMSON (J).<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
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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>This case was
transferred to this court by Her Ladyship the Chief Justice on the 27th
July, 2016. <o:p></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.&nbsp; The said facility was guaranteed by 2nd
and 3rd Defendants and a legal mortgage over a property at Amasaman,
Accra.&nbsp; The Defendants defaulted in the
repayment of the facility.&nbsp; The Plaintiff
brought the present action asking for the following reliefs:-<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-GB">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><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-GB">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.&nbsp;
Alternatively the judicial sale of H/No. A138, Abehenease with
Registration No. AR/5549/2005 situate at Amasaman, Accra<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-GB">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs
occasioned by this action.<o:p></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.&nbsp; Despite hearing notices being served on the
Defendants, they failed to attend court.&nbsp;
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.&nbsp; The matter was adjourned for case
management.&nbsp; 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.&nbsp; 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.&nbsp; They were accordingly ordered to open its
case in proof of its claim.&nbsp; Hearing
notice was accordingly served on the Defendants.<o:p></o:p>On the 12th
April, 2018, the Defendants were represented in court by Mr. Charles Lamptey
and counsel for Defendants failed to attend court to conduct cross-examination
</main>