OMNIBANK GHANA LIMITED (PLAINTIFF) vs. SOUTH ATLANTIC PROPERTIES LTD AND CHARLES AKUN EGAN (DEFENDANT) [2018]DLHC7340

OMNIBANK GHANA LIMITED (PLAINTIFF) vs. SOUTH ATLANTIC PROPERTIES LTD AND CHARLES... [2018]DLHC7340

Date	2018-10-26
Suit No.	SUIT NO: MISC/0164/2018
Citation No.	[2018]DLHC7340

HIS LORDSHIP SAMUEL K. A. ASIEDU J.

GODWIN MENSAH SACKEY ESQ. FOR THE PLAINTIFF/APPLICANT.

JOHN F. APPIAH ESQ. FOR DEFENDANTS/RESPONDENTS

[2018]DLHC7340
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													<main id="main" class="content" style="min-height: 60rem" >OMNIBANK GHANA LIMITED<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>SOUTH ATLANTIC
PROPERTIES LTD AND CHARLES AKUN EGAN<o:p></o:p>(DEFENDANT)<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: MISC/0164/2018&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;DATE: 26TH
OCTOBER, 2018<o:p></o:p>

</div>COUNSEL: <o:p></o:p>GODWIN MENSAH SACKEY ESQ.,
FOR THE PLAINTIFF/APPLICANT.<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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JOHN
F. APPIAH ESQ., FOR DEFENDANTS/RESPONDENTS<o:p></o:p>

</div>CORAM:<o:p></o:p>HIS LORDSHIP SAMUEL K. A.
ASIEDU, 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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</div>The
instant application is an originating motion on notice filed pursuant to the
Borrowers and Lenders Act, 2008, Act 773. It seeks an order of the court for a
warrant to the Ghana Police Service to assist the applicant bank to possess and
realise House Number 25/H/AT Korkordjor Street Mandela, New Weija, Accra and also
an order for the reserved price for the auction sale of House Number 25/H/AT
Korkordjor Street Mandela, New Weija, Accra. Attached to the motion is an
affidavit and a number of exhibits in support of the application.<o:p></o:p>After
the service of the motion on them, the respondents filed affidavits in which
they oppose the application brought by the applicant.<o:p></o:p>The
applicant says, by its affidavit, that the 1st respondent applied
for a loan of GH₵1.3m
from the applicant as a result of which the 2nd respondent used his
personal property House
Number 25/H/AT Korkordjor Street Mandela, New Weija, Accra as security and also
executed a personal guarantee for the repayment of the facility. The applicant
says that after the execution of the facility agreement it disbursed the sum of
GH₵1.3m to the 1st respondent to be repaid
within a term of 24 months at a rate of interest of 24% per annum. &nbsp;<o:p></o:p>The
applicant further says that the respondents have defaulted on their obligation
to repay the loan granted the 1st respondent and that
notwithstanding demand letters written to the respondents their obligations
under the contract remains unfulfilled. The applicant therefore seeks the order
of the court to possess the mortgaged charged which had been duly registered with
the Collateral Registry of the Bank of Ghana.<o:p></o:p>The
respondents have indicated their opposition to the instant application and have
deposed in their affidavit that the 1st respondent is not indebted
to the applicant stating also that the applicant failed to disburse the loan to
the 1st respondent. The respondents say that notwithstanding a
charge an amount of GH₵30,000.00
by the applicant to enable it procure an indenture in the name of the parties,
till date the said indenture has not been procured by the applicant as a result
of which the property has not passed to the 1st respondent and thus
frustrating the business of the 1st respondent.<o:p></o:p>The
respondents have also deposed that the applicant purchased building materials
and deposited them on the said land without the consent of the respondent. <o:p></o:p>Indeed,
the applicant has filed a supplementary affidavit in an attempt to answer the
depositions made by the respondents in their affidavit in opposition. However,
the court is of the opinion that given the depth of the affidavit in
opposition, this case cannot be determined solely on the affidavit evidence
placed before the court and that in order that this matter is effectively and
decisively disposed of, it will be in the interest of justice for issues to be
joined and oral evidence elicited from the parties in order to determine the
contentious issues raised by the parties. Accordingly, the court will order the
parties to draw out the issues as they flow from the affidavits filed and set
them down for trial. The parties will be given 7 days to set the issues down
for trial. &nbsp;Case is adjourned to 2nd
November, 2018.<o:p></o:p>

<o:p>&nbsp;</o:p></main>