NATIONAL TRUST HOLDING COMPANY vs. JISLAH FINANCIAL SERVICES LIMITED [2019]DLHC9039

Date	2019-03-27
Suit No.	SUIT NO. CM/BFS/0633/2017
Citation No.	[2019]DLHC9039

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

THEOPHILUS ACKOM BOADU ESQ. COUNSEL FOR PLAINTIFF/RESPONDENT

YAW EDDIE HARVEY ESQ. COUNSEL FOR DEFENDANT/APPLICANT ABSENT

[2019]DLHC9039
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													<main id="main" class="content" style="min-height: 60rem" >NATIONAL TRUST HOLDING COMPANY<o:p></o:p>(PLAINTIFF/J/CR/RESPONDENT)<o:p></o:p>vs.<o:p></o:p>JISLAH FINANCIAL SERVICES LIMITED<o:p></o:p>(DEFENDANT//J/DR/APPLICANT)<o:p></o:p>[HIGH COURT (COMMERCIAL
DIVISION) 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;
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<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. CM/BFS/0633/2017&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: 27TH MARCH, 2019<o:p></o:p>

</div>COUNSEL:<o:p></o:p>THEOPHILUS ACKOM BOADU, ESQ., COUNSEL FOR
PLAINTIFF/RESPONDENT<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" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
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solid windowtext 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">YAW EDDIE HARVEY, ESQ., COUNSEL FOR
DEFENDANT/APPLICANT ABSENT<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 class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">HER LADYSHIP, JUSTICE
JENNIFER ABENA DADZIE<o:p></o:p>

</div>MOTION ON
NOTICE FOR STAY OF EXECUTION AND PAYMENT BY INSTALMENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div><o:p>&nbsp;</o:p>It is noted that Counsel for the Defendant/Judgment
Debtor/Applicant did indicate to the court at the last sitting that he would be
unable to attend court today due to a scheduling conflict and the court did
exempt his attendance in court for that reason.<o:p></o:p>Today, the suit is scheduled for a ruling to be
delivered in respect of the Motion on Notice for Stay of Execution and Payment
by Instalment filed by the Defendant/Judgment Debtor/Applicant in this case.<o:p></o:p>I have reviewed the said application together with the
supporting affidavit and the supplementary affidavit and all the annexures
thereto.&nbsp; I have also heard from Counsel
for both parties, as they set out the case of their clients.&nbsp; I have given my thoughtful consideration to
the case law, authorities and the rules of court procedure.<o:p></o:p>I would note first of all that the Defendant/Judgment
Debtor/Applicant, acting through its previous Counsel, submitted to judgment
when the Plaintiff/Judgment Creditor/Respondent brought an application for
judgment in default of defence against them.&nbsp;
Now, new Counsel on record seeks to stay execution of that judgment so
that the Defendant/Judgment Debtor/Applicant can pay off the debt outstanding
by instalments owing to the grave financial situation in which the
Defendant/Judgment Debtor/Applicant finds itself.&nbsp; Yet, the Defendant/Judgment Debtor/Applicant
through its Counsel makes no suggestion of how it intends to pay off the debt
by instalments.<o:p></o:p>This motion was filed as far back as November 18, 2018
and till date, the Defendant/Judgment Debtor/Applicant has made no good faith
showing to the Plaintiff/Judgment Creditor/Respondent regarding the debt, if
indeed it seeks to pay off same.<o:p></o:p>It is my considered opinion that the
Defendant/Judgment Debtor/Applicant has not exhibited any extraordinary
circumstances that requires this court to exercise its discretion in its favour
to stay the execution of the judgment and also to allow it pay off the debt by
instalment.<o:p></o:p>For the foregoing reasons, the application is
dismissed.<o:p></o:p><p</main>