UNITED BANK OF AFRICA GH. LTD. vs. DARK IKES COMPANY LIMITED& 2 OTHERS [2018]DLHC9192

Date	2018-04-16
Suit No.	SUIT NO. CM/BFS/0782/16
Citation No.	[2018]DLHC9192

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

KWESI COLEMAN ESQ. WITH SUSANNA NYAMPONG ESQ. (H/B FOR ANTHONY FORSON JNR. ESQ.) OF T. FORSON & CO. ACCRA COUNSEL FOR PLAINTIFF/APPLICANT

ISAAC KUNKO ESQ. (H/B FOR DR. KWEKU AINUSON ESQ.) OF AB LEXMALL & ASSOCIATES ACCRA COUNSEL FOR DEFENDANTS/RESPONDENTS

[2018]DLHC9192
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													<main id="main" class="content" style="min-height: 60rem" >UNITED BANK OF AFRICA GH. LTD.<o:p></o:p>(PLAINTIFF/APPLICANT)<o:p></o:p>vs.<o:p></o:p>DARK
IKES COMPANY LIMITED&amp; 2 OTHERS<o:p></o:p>(DEFENDANTS/RESPONDENTS)<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;
padding:0cm 0cm 1.0pt 0cm">

<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0cm;margin-bottom:
.0001pt;mso-add-space:auto;text-align:center;line-height:normal;border:none;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. CM/BFS/0782/16&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; DATE: 16TH APRIL, 2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p>KWESI COLEMAN, ESQ., WITH SUSANNA
NYAMPONG, ESQ. (H/B FOR ANTHONY FORSON, JNR., ESQ.) OF T. FORSON &amp; CO.,
ACCRA, COUNSEL FOR PLAINTIFF/APPLICANT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm;margin-left:0cm;margin-right:-1.65pt">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;tab-stops:298.8pt;border:none;mso-border-bottom-alt:
solid windowtext 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">ISAAC KUNKO, ESQ. (H/B FOR DR. KWEKU AINUSON, ESQ.) OF AB
LEXMALL &amp; ASSOCIATES, ACCRA, COUNSEL FOR DEFENDANTS/RESPONDENTS<o:p></o:p>

</div>CORAM:<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

HER
LADYSHIP JUSTICE JENNIFER ABENA DADZIE<o:p></o:p>

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

</div>This
is an application by Plaintiff/Applicant herein referred to as Applicant
praying that summary judgment be entered against the Defendants/Respondents,
also referred to hereinafter as Respondents for the reliefs endorsed on the
Writ of Summons, to wit:<o:p></o:p>“i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order for the recovery of the sum of
seven hundred and thirty-five thousand, seven hundred and thirty Ghana Cedis
and seventy-four pesewas (GH¢735,730.74)<o:p></o:p>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on
relief (i) at the rate of 30.46% per annum from 31 October 2016 till date of
final payment.<o:p></o:p>iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Or
in the alternative an order for the judicial sale of the immovable property
situate at Parcel No. 990, Block 23, section 5, Adjiriganor, Accra in
satisfaction of the 1st defendant’s total indebtedness together with
interest thereon as at the date of the judicial sale.”,<o:p></o:p>on the grounds
that the Defendants/Respondents have no defence to the claim endorsed on the
Writ of Summons and the defence filed by the Respondents is misconceived,
unsustainable and a sham.<o:p></o:p>I have read the
application for Summary Judgment, the supporting affidavit and examined the
various exhibits put in evidence by the Applicant; the Statement of Defence and
the Affidavit in Opposition to this application filed by the Respondents to
this suit.&nbsp; Detailed in the affidavit
accompanying the motion paper are the facts, which, according to the Applicant
gave rise to the instant application.&nbsp; <o:p></o:p>According to the
Applicant, per an agreement dated May 14, 2015, it granted the 1st
Respondent a loan facility of seven hundred and fifty thousand Ghana Cedis
(GH¢750,000.00) at a rate of interest of 30.46% per annum to be repaid in
thirty-three equal monthly instalments to finance the completion of a fuel
station oat Adjiringanor, Accra.&nbsp; The
Applicant attached a copy of the loan agreement to its affidavit as Exhibit “DA1”.<o:p></o:p>The Applicant
avers further that the 3rd Respondent executed a personal guarantee,
marked as Exhibit “DA2” and attached
to the affidavit in support of the application.&nbsp;
By this guarantee, the 3rd Respondent unconditionally and
irrevocably guaranteed the payment of all monies owed to the Applicant by the 1st
Respondent.&nbsp; Furthermore, by a deed of
mortgage dated July 20, 2016, the 2nd Respondent executed a mortgage
over its property situate at Parcel No. 990 Block 23, Section 75, Adjiringanor
to secure the due repayment of the loan facility granted the 1st
Respondent.&nbsp; The Applicant attached a
copy of the deed of mortgage to its affidavit in support and marked it as Exhibit “DA3”.&nbsp; It is the case of the Applicant,
additionally, that earlier to the execution of this deed of mortgage, the 1st
Respondent per a letter dated May 14, 2015 and marked as Exhibit “DA4”, the 1st Respondent undertook to ensure
that all its receivables and proceeds from its business undertook were
deposited in its current account with the Applicant.&nbsp; <o:p></o:p>It is the
contention</main>