BOND SAVINGS AND LOANS LTD. vs. MARTINAS CO. LTD., ADJOA AGYEKUM AND DANIEL ADDO TAGOE [2018]DLHC9110

BOND SAVINGS AND LOANS LTD. vs. MARTINAS CO. LTD., ADJOA AGYEKUM AND DANIEL ADD... [2018]DLHC9110

Date	2018-11-06
Suit No.	SUIT NO. CM/BFS/0620/18
Citation No.	[2018]DLHC9110

HER LADYSHIP JUSTICE JENNIFER A. DADZIE

KOFI BEKOE ESQ. (H/B FOR FIIFI ABBAM ESQ.) OF ROMANLEVI & ASSOCIATES ACCRA COUNSEL FOR PLAINTIFF/RESPONDENT

CHARLES BENTUM ESQ. OF BENTUM AMOAH & CO. ACCRA COUNSEL FOR DEFENDANTS/APPLICANTS

[2018]DLHC9110
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													<main id="main" class="content" style="min-height: 60rem" >BOND SAVINGS AND LOANS LTD.<o:p></o:p>(PLAINTIFF/RESPONDENT)<o:p></o:p>vs.<o:p></o:p>MARTINAS CO. LTD., ADJOA AGYEKUM AND DANIEL
ADDO TAGOE<o:p></o:p>(DEFENDANTS/APPLICANTS)<o:p></o:p>[HIGH COURT, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT
NO. CM/BFS/0620/18&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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:
6TH NOVEMBER, 2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p>KOFI BEKOE, ESQ.
(H/B FOR FIIFI ABBAM, ESQ.) OF ROMANLEVI &amp; ASSOCIATES, ACCRA, COUNSEL FOR
PLAINTIFF/RESPONDENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">CHARLES BENTUM, ESQ. OF
BENTUM, AMOAH &amp; CO., ACCRA, COUNSEL FOR DEFENDANTS/APPLICANTS<o:p></o:p>

</div>CORAM:<o:p></o:p>HER LADYSHIP, JUSTICE JENNIFER A. DADZIE<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="text-align:center;line-height:115%;
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solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div>By
the present application, the Defendants/Applicants (hereinafter, the
“Applicants”) seek to strike out certain pleadings contained in the Statement
of Claim of the Plaintiff/Respondent (hereafter referred to as “Respondent”) as
being scandalous, frivolous, vexatious and an abuse of the court process
pursuant to Order 11 Rule 18(1) (b) and
(d) of the High Court (Civil Procedure) Rules, 2004 (C.I 47) and under the
inherent jurisdiction of the Court.<o:p></o:p>The procedural background to this case in
brief is as follows.&nbsp; On September 4,
2018, the Respondent took out a Writ of Summons accompanied by a Statement of
Claim in which it avers that on or about August 7, 2015, it granted the 1st
Applicant, at its request, a loan facility of Four Million Five Hundred
Thousand Ghana Cedis (GH¢4,500,000.00), to support the importation of finishing
and fitting materials for the deluxe town-house project embarked on by the 1st
Applicant.&nbsp; According to the Respondent,
this facility was secured with a number of collaterals, which will be properly
described subsequently.&nbsp; The Respondent
states further that this loan was restructured on December 19, 2017 bringing
the restructured loan amount to Nine Million, Four Hundred and Thirty One
Thousand, One Hundred and Nine Ghana Cedis, Twenty-two Pesewas
(GH¢9,431,109.22) with a tenor of forty-eight (48) months at an agreed rate of
interest of thirty-two per cent (32%) per annum.&nbsp; The Respondent states that it was compelled
to commence the suit due to the fact that the 1st Applicant has
failed to repay the loan in the agreed manner, in spite of the several demands
made on it so to do.&nbsp; The Respondent also
alleges that it has been met with several challenges in its bid to perfect the
various landed properties used as securities to secure the loan.&nbsp; For these reasons, it claimed the following
reliefs against the Applicants, jointly and severally, <o:p></o:p>“i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery of
the sum of Eleven Million, Six Hundred and Sixty Five Thousand, One Hundred and
Sixteen Ghana Cedis, Sixty Three Pesewas (GH¢11,665,116.63) as at 31st
July, 2018<o:p></o:p>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on
the sum of Eleven Million, Six Hundred and Sixty Five Thousand One Hundred and
Sixteen Ghana Cedis, Sixty Three Pesewas (GH¢11,665,116.63) … at the agreed contractual
rate of 39% per annum from 31st July, 2018 to the date of full and
final payment.<o:p></o:p>iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Further an
order for judicial sale of all that piece or parcel of land in extent 0.07
hectare (0.16 of an hectare) more or less being parcel No. 42 Block 1 Section
075 situate at Adjiringanor in the Greater Accra Region of the Republic of
Ghana.<o:p></o:p>iv.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A
declaration that the 2nd Defendant perpetrated fraud against the
Plaintiff when it registered the title in the 2nd East Legon Land in
her personal name knowing well she had presented documents to the Plaintiff
purporting it to belong to the 1st Defendant.<o:p></o:p>v.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An Order
directed at the 2nd Defendant to handover to the Plaintiff land
title certificate number No. GA51847 covering the 2nd East Legon
Land to the Plaintiff. …<o:p></o:p>vi.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A further
order directed at the 2nd Defendant to cause her grantors to execute
the transfer document to the 1st Defendant to enable the Plaintiff
perfect its title in the 1st East Legon Land.<o:p></o:p>