NDK FINANCIAL SERVICES LTD. vs. LEMET CONSTRUCTION LTD & JOHNSON TEYE, JULIET MARLEY TEYE [2019]DLHC9222

NDK FINANCIAL SERVICES LTD. vs. LEMET CONSTRUCTION LTD & JOHNSON TEYE, JULIET MA... [2019]DLHC9222

Date	2019-11-25
Suit No.	SUIT NO. CM/BFS/0176/2017
Citation No.	[2019]DLHC9222

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

DERRICK DELALI KUSHITOR ESQ. OF AXIS LEGAL ACCRA COUNSEL FOR PLAINTIFF

IRIS K. AGGREY-ORLEANS ESQ. OF BEYUO & CO. ACCRA COUNSEL FOR DEFENDANTS

[2019]DLHC9222
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													<main id="main" class="content" style="min-height: 60rem" >NDK FINANCIAL SERVICES LTD.<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>LEMET CONSTRUCTION LTD &amp; JOHNSON
TEYE, JULIET MARLEY TEYE<o:p></o:p>(DEFENDANTS)<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">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. CM/BFS/0176/2017&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;DATE: 25TH NOVEMBER, 2019<o:p></o:p>

</div>COUNSEL:<o:p></o:p>DERRICK
DELALI KUSHITOR, ESQ., OF AXIS LEGAL, ACCRA, COUNSEL FOR PLAINTIFF<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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IRIS K. AGGREY-ORLEANS, ESQ., OF BEYUO &amp; CO.,
ACCRA, COUNSEL FOR DEFENDANTS<o:p></o:p>

</div>CORAM: <o:p></o:p>HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>JUDGMENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>The Plaintiff, a company duly registered under the
laws of the Republic of Ghana to engage in the business of providing loans and
general financial and investment services, per a Writ of Summons issued against
the Defendants herein on July 3, 2017, claims the following reliefs:<o:p></o:p>“A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery
of the sum of Seventeen Million Fifty-Two Thousand, One Hundred and Twenty-Six
Cedis Twenty-nine Pesewas (GH¢17,052,126,126.29) being the outstanding
indebtedness of the Defendants to the Plaintiff as at January 31, 2017.<o:p></o:p><p class="MsoNormalCxSpMiddle" style="margin-top:0cm;margin-right:36.0pt;
margin-bottom:0cm;margin-left:72.0pt;margin-bottom:.0001pt;mso-add-space:auto;
text-align:justify;text-indent:-36.0pt;line-height:150%;mso-list:l1 level1 lfo1"><span style="font-size:12.0pt;line-height:
150%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;mso-ansi-language:EN-US">B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of interest on the said sum at the
contractual rate of 4.25 and a flat 2.5% charge on the outstanding facility.<o:p></o:p><p class="MsoNormalCxSpMiddle" style="margin-top:0cm;margin-right:36.0pt;
margin-bottom:0cm;margin-left:72.0pt;margin-bottom:.0001pt;mso-add-space:auto;
text-align:justify;text-indent:-36.0pt;line-height:150%;mso-list:l1 level1 lfo1"><span style="font-size:12.0pt;line-height:
150%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;mso-ansi-language:EN-US">C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of the sum of Seven Hundred and Twenty-Four
Thousand, Seven Hundred and Fifteen Cedis, Thirty-Seven Pesewas (GH¢724,715.37)
being the contracted default charge of 2.5% of balance due and owing.<o:p></o:p><p class="MsoNormalCxSpMiddle" style="margin-top:0cm;margin-right:36.0pt;
margin-bottom:0cm;margin-left:72.0pt;margin-bottom:.0001pt;mso-add-space:auto;
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