SPRINGFIELD ENERGY LIMITED FIDELITY BANK GHANA LIMITED vs. BULK OIL STORAGE AND TRANSPORTATION COMPANY LIMITED [2019]DLCA8690

SPRINGFIELD ENERGY LIMITED FIDELITY BANK GHANA LIMITED vs. BULK OIL STORAGE AND... [2019]DLCA8690

Date	2019-07-17
Suit No.	CIVIL APPEAL SUIT NO. H1/85/2018
Citation No.	[2019]DLCA8690

P. K. GYAESAYOR JA (PRESIDING)

CECILIA SOWAH JA

AMA GAISIE JA

EZRA ALABI BORQUAYE FOR APPELLANT

SEAN OPOKU FOR RESPODENT

[2019]DLCA8690
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													<main id="main" class="content" style="min-height: 60rem" >SPRINGFIELD ENERGY LIMITED<o:p></o:p><w:sdtpr></w:sdtpr>(1ST PLAINTIFF/RESPONDENT)<o:p></o:p>FIDELITY BANK GHANA LIMITED<o:p></o:p>(2ND PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>BULK OIL STORAGE AND TRANSPORTATION COMPANY LIMITED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (DEFENDANT/APPELLENT)<o:p></o:p><o:p>&nbsp;</o:p>[COURT OF APPEAL, ACCRA]<o:p></o:p><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
 padding:0cm 0cm 1.0pt 0cm">
 CIVIL APPEAL SUIT
 NO. H1/85/2018&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATE: 17TH JULY, 2019<o:p></o:p>
 </div>COUNSEL:<o:p></o:p>EZRA ALABI BORQUAYE FOR APPELLANT<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">
 SEAN OPOKU FOR
 RESPODENT<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),
 CECILIA SOWAH JA, AMA GAISIE JA<o:p></o:p>
 </div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <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="MsoNormalCxSpLast" align="center" style="text-align:center;mso-pagination:
 none;mso-layout-grid-align:none;text-autospace:none;border:none;mso-border-bottom-alt:
 solid windowtext 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>
 </div>GYAESAYOR, JA<o:p></o:p><o:p>&nbsp;</o:p>The present appeal was filed on 13th
September, 2016 against the decision of the High Court, granting summary
judgement in favour of the plaintiff/respondent under Order 14 of C.I.47, the
Civil Procedure Rules of the High Court.<o:p></o:p><o:p>&nbsp;</o:p>The notice of appeal is found at page 173 of the
record pf appeal.&nbsp; The
defendant/appellant appeals against the entire summary judgment dated 18th
August 2016 and the variation thereof dated 31st August 2016.<o:p></o:p><o:p>&nbsp;</o:p>The grounds of appeal are set forth in the notice
of appeal.&nbsp; This action is the result of
a dispute arising out of an oil storage arrangement between the parties which
resulted into a debt of USD$20,226,717.75 plus interest rate of 19% from
November 13th to date of filed payment.<o:p></o:p><o:p>&nbsp;</o:p>The endorsement on the writ which spells out the
claim of plaintiff/respondent is found at page 35 and is as follows: -<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery
of the sum of USD$20,226,717.75 being defendant’s cumulative indebtedness to 1st
plaintiff as at 12th November, 2015.<o:p></o:p>