MET CAPITAL GROUP LTD. vs. GUARANTY TRUST BANK GH. & ANOR. [2018]DLHC9217

Date	2018-12-05
Suit No.	SUIT NO: CM/OCC/0649/16
Citation No.	[2018]DLHC9217

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

FREDA AMOAKO ESQ. (HOLDING BRIEF FOR EMMANUEL BRIGHT ATOKOH ESQ.) FOR THE 1ST DEFENDANT/APPLICANT

KWAME NASH ADJEI ESQ. (HOLDING BRIEF FOR EDWARD SAM CRABB ESQ.) FOR THE PLAINTIFF/RESPONDENT

[2018]DLHC9217
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													<main id="main" class="content" style="min-height: 60rem" >MET
CAPITAL GROUP LTD.<o:p></o:p><span lang="EN-CA" style="font-size:10.0pt;
font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-ansi-language:EN-CA;mso-fareast-language:
EN-CA">(PLAINTIFF/APPLICANT)<o:p></o:p>vs.<o:p></o:p>GUARANTY
TRUST BANK GH. &amp; ANOR.<o:p></o:p><span lang="EN-CA" style="font-size:10.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-fareast-theme-font:minor-fareast;mso-ansi-language:EN-CA;
mso-fareast-language:EN-CA">(DEFENDANT/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">

SUIT NO: CM/OCC/0649/16&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; DATE: <span lang="EN-CA" style="font-size:10.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:
&quot;Times New Roman&quot;;mso-ansi-language:EN-CA;mso-fareast-language:EN-CA">5TH
DECEMBER, 2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-fareast-theme-font:minor-fareast;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-CA;mso-fareast-language:
EN-CA">FREDA AMOAKO ESQ. (HOLDING BRIEF FOR EMMANUEL BRIGHT ATOKOH ESQ.) FOR
THE 1ST DEFENDANT/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:.2pt">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:150%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><span lang="EN-CA" style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-fareast-theme-font:minor-fareast;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-CA;mso-fareast-language:
EN-CA">KWAME NASH ADJEI ESQ. (HOLDING BRIEF FOR EDWARD SAM CRABB ESQ.) FOR THE
PLAINTIFF/RESPONDENT<o:p></o:p>

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

</div><o:p>&nbsp;</o:p>RULING<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">

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

</div><o:p>&nbsp;</o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-fareast-theme-font:minor-fareast;
mso-ansi-language:EN-CA;mso-fareast-language:EN-CA">MOTION ON NOTICE FOR AN
ORDER FOR STAY OF EXECUTION PENDING APPEAL<o:p></o:p><span lang="EN-CA" style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-ansi-language:EN-CA;mso-fareast-language:
EN-CA"><o:p>&nbsp;</o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:Arial;mso-ansi-language:
EN-CA;mso-fareast-language:EN-CA">This is a Motion that was filed by the 1st
Defendant/Applicant praying this Honourable court to stay execution of its
judgment delivered on October 15th, 2018 upon the grounds stated in
the accompanying affidavit which was sworn to by one Lukeman Ibrahim a legal
officer of the 1st Defendant/Applicant bank.<o:p></o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:Arial;mso-ansi-language:
EN-CA;mso-fareast-language:EN-CA"><o:p>&nbsp;</o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:Arial;mso-ansi-language:
EN-CA;mso-fareast-language:EN-CA">Before I delve into disposing of this matter,
I would note that this motion came up for arguments late yesterday just before
the close of business and so the court adjourned the matter for a bench ruling
to be delivered today at 08:00 am, which I now proceed to do.<o:p></o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:Arial;mso-ansi-language:
EN-CA;mso-fareast-language:EN-CA"><o:p>&nbsp;</o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:Arial;mso-ansi-language:
EN-CA;mso-fareast-language:EN-CA">The thrust of the case of the 1st
Defendant/Applicant is to the effect that it is dissatisfied with the judgment
of this court, which I have stated earlier was delivered on the 15th
of October, 2018 and it has proceeded to file a Notice of Appeal with the Court
of Appeal, as has the Plaintiff/Respondent too, who has appealed against the
quantum of damages awarded in its favour in the same judgment.&nbsp; <o:p></o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:Arial;mso-ansi-language:
EN-CA;mso-fareast-language:EN-CA"><o:p>&nbsp;</o:p><span lang="EN-CA" style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-fareast-theme-font:minor-fareast;mso-bidi-font-family:Arial;mso-ansi-language:
EN-CA;mso-fareast-language:EN-CA">The grounds upon which the instant
application is premised are catalogued in the supporting affidavit of Lukeman
Ibrahim.&nbsp; It has been averred in
paragraph 7 the</main>