PROFESSOR COLLINS FOSU vs . FIRST TRUST SAVING & LOANS & 11 OTHERS [2019]DLHC6853

Date	2019-07-29
Suit No.	SUIT NO. RPC 31/2019
Citation No.	[2019]DLHC6853

DR. RICHMOND OSEI-HWERE J

KWASI AFRIFA FOR AMA ASENSO FOR THE PLAINTIFF

BISMARK NSIAH ABOAGYE FOR ARCHIE MARTIN DANSO FOR THE DEFENDANT

[2019]DLHC6853
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													<main id="main" class="content" style="min-height: 60rem" >PROFESSOR COLLINS FOSU<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs .<o:p></o:p>FIRST TRUST SAVING &amp;
LOANS &amp; 11 OTHERS<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH COURT, KUMASI]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>COUNSEL: <o:p></o:p>KWASI AFRIFA FOR AMA ASENSO FOR THE
PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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BISMARK
NSIAH ABOAGYE FOR ARCHIE MARTIN DANSO FOR THE DEFENDANT<o:p></o:p>

</div>CORAM:<o:p></o:p>DR. RICHMOND OSEI-HWERE, J<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="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 1.0pt 0in">RULING<o:p></o:p>

</div>The
defendants herein filed this application by motion on notice for stay of
execution of the judgment in default of appearance entered against them. <o:p></o:p>By
a writ of summons issued on the 12th October, 2018, the
Plaintiff/Judgment/Creditor/Respondent (hereinafter referred to as the
Plaintiff) claimed against the defendants herein as follows:<o:p></o:p>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A declaration that the plaintiff is
entitled in law and fact to lift the veil of incorporation of the 1st
and 2nd defendants with a view to making the 3rd -11th
defendants personally liable for the indebtedness due and owed him by the 1st
and 2nd defendants.<o:p></o:p>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A declaration that by reason of the
repeated pattern of broken promises and undertakings, the plaintiff is entitled
to the full payment of is investment made with the 1st defendant and
guaranteed by the 2nd defendant in addition to general, special and
punitive damages.<o:p></o:p>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A declaration that the conduct of the 1st
and 2nd defendants in relation to the indebtedness owed the
plaintiff is fraudulent and/or concealed fraud on the plaintiff whose
indebtedness due him must be settled by all the defendants.<o:p></o:p>d.&nbsp;&nbsp;&nbsp;&nbsp;
SUCH FURTHER ORDER(S) as the Honorable
Court may deem fit.<o:p></o:p>On
25th October, 2018 the court entered judgment in default of
appearance against the 1st and 2nd defendants. However,
on 18th February, 2019 the court set aside the default judgment entered on 25th
October, 2018.<o:p></o:p>Again,
on 22nd March, 2019 upon an application by the plaintiff, judgment
in default of appearance was entered against the 2nd defendant.<o:p></o:p>On
17th June, 2019 an application to set aside the default judgment was
dismissed by the court.<o:p></o:p>The
defendants have filed a Notice of Appeal ag</main>