DARFIN FINANCE COMPANY GHANA LIMITED vs. REHOBOTH PROPERTIES LIMITED, GIDEON AKROFI [2020]DLHC17287

DARFIN FINANCE COMPANY GHANA LIMITED vs. REHOBOTH PROPERTIES LIMITED, GIDEON AKR... [2020]DLHC17287

Date	2020-03-05
Suit No.	SUIT NO. CM/RPC/0509/2018
Citation No.	[2020]DLHC17287

HER LADYSHIP JUSTICE JANE HARRIET AKWELEY QUAYE (MRS.)

EDGAR ANSAH-OBIRI

SAMUEL ADU BOAHEN

[2020]DLHC17287
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													<main id="main" class="content" style="min-height: 60rem" >DARFIN
FINANCE COMPANY GHANA LIMITED<o:p></o:p>(PLAINTIFF)<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:15.5pt;
margin-bottom:0cm;margin-left:4.5pt;margin-bottom:.0001pt;text-align:center;
tab-stops:center 241.0pt 243.0pt left 270.0pt 279.0pt 290.25pt">vs.<o:p></o:p>REHOBOTH PROPERTIES LIMITED, GIDEON AKROFI<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH
COURT, ACCRA]<o:p></o:p>&nbsp;<div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt; margin-left: 4.5pt; margin-right: 15.5pt;">

<a name="_heading=h.gjdgxs"></a>SUIT NO. CM/RPC/0509/2018&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; DATE:
5TH &nbsp;MARCH, 2020<o:p></o:p>

</div>COUNSEL&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; <o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt; margin-left: 4.5pt; margin-right: 0cm;">

EDGAR
ANSAH-OBIRI FOR PLAINTIFF/JUDGMENT CREDITOR/RESPONDENT<o:p></o:p>

SAMUEL
ADU BOAHEN FOR 1ST DEFENDANT/JUDGMENT DEBTOR/APPLICANT<o:p></o:p>

</div>CORAM<o:p></o:p>HER LADYSHIP JUSTICE JANE
HARRIET AKWELEY QUAYE (MRS.)<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0cm; margin-left: 4.5pt; margin-right: 15.5pt;">

RULING<o:p></o:p>

</div>Final
Judgment in default of appearance was entered against the Defendant/ Respondent
Company in favour of the Plaintiff Company on the 5th day of March,
2019, in accordance with Order 10 rule (1), for the recovery of the liquidated
amount of US$1,078,904 or its Cedi equivalent together with interest as at the
rate agreed between the parties from the 30th day of June, 2018 till
date of final payment. Cost assessed at 8% of the claim in relief (a) as
endorsed on the Plaintiff’s Statement of Claim filed on 11th July
2018.<o:p></o:p>The
Plaintiff in this case is a company registered in Ghana to provide financial
and business advisory services.
The 1st Defendant is a company
registered as a Real Estate Company, whilst the 2nd Defendant is the Chief Executive Officer of the 1st Defendant Company. According to the
Plaintiff, they granted a working capital loan facility of One Million United
States Dollars ($1,000,000.00) for one year at an interest rate of 12% interest
per annum to the 1st Defendant Company, upon terms and conditions stated in its offer letter to
the 1st Defendant Company, to enable it meet its working capital needs.
Plaintiff said the facility was secured with a fixed charge of the
1st Defendant’s land situated at Oyarifa, in the Greater Accra
Region, and duly registered with the Land Title Registry as No. GA 45714, with
undertaking from the 2nd Defendant to ensure that receivables are
set aside for the retirement of the facility amount, which undertaking the 2nd
Defendant has woefully failed or refused to do so, resulting in the current
debt. To date, the Defendants have failed or refused, or neglected to pay their
debts.<o:p></o:p>In an application filed on