NATIONAL INVESTMENT BANK vs. FRANDESCO WEST AFRICA LTD & 3 ORS [2019]DLCA6312

Date	2019-01-17
Suit No.	CIVIL APPEAL SUIT NO: H1/119/17
Citation No.	[2019]DLCA6312

P. K. GYAESAYOR JA (PRESIDING)

C. J. HONYENUGA JA

BARBARA

ACKAH-YENSU JA

ERIC AHIEKU FOR THE RESPONDENTS

CHRIS OSEI YEBOAH FOR DEFENDANTS/APPELLANTS

[2019]DLCA6312
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													<main id="main" class="content" style="min-height: 60rem" >NATIONAL INVESTMENT BANK<o:p></o:p>(PLAINTIFF/RESPONDENT)<o:p></o:p>vs.<o:p></o:p>FRANDESCO WEST AFRICA LTD
&amp; 3 ORS<o:p></o:p>(DEFENDANTS/APPELLANTS)<o:p></o:p>[COURT OF APPEAL (CIVIL 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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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
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padding:0in;mso-padding-alt:0in 0in 0in 0in">CIVIL APPEAL SUIT NO: H1/119/17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 17TH
JANUARY, 2019<o:p></o:p>

</div>COUNSEL <o:p></o:p>ERIC AHIEKU FOR THE RESPONDENTS<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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CHRIS OSEI YEBOAH FOR
DEFENDANTS/APPELLANTS<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;
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P. K. GYAESAYOR JA (PRESIDING), C. J. HONYENUGA JA,
BARBARA, ACKAH-YENSU JA<o:p></o:p>

</div><o:p>&nbsp;</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:0in;margin-bottom:.0001pt;
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</div>BARBARA
ACKAH-YENSU, JA<o:p></o:p>This appeal is against the judgment of the High Court (General
Jurisdiction), Accra dated 16th February, 2015 wherein the
Plaintiff/ Respondent’s application for summary judgment was granted.<o:p></o:p>In the High Court, the Plaintiff/Respondent (hereinafter referred to
simply as “the Respondent”) claimed against the Defendants/Appellants (also
simply referred to hereinafter as “the Appellants”) jointly and severally, the
following reliefs:<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; “(a). &nbsp;&nbsp;&nbsp; Recovery of
Gh¢15,297,331-16 being the outstanding <o:p></o:p>balance of overdraft facilities granted the
Defendants by the Plaintiff.<o:p></o:p><o:p>&nbsp;</o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(b).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest
on the said Gh¢15,297,331.16 from 31st <o:p></o:p>December, 2013 up to the date of final payment.<o:p></o:p><o:p>&nbsp;</o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(c).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs.<o:p></o:p><o:p>&nbsp;</o:p>IN THE ALTERNATIVE:<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(d).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An
order for the judicial sale of the following properties:<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp</main>