UNIVERSAL MERCHANTS BANK LTD vs. DANADAMS PHARMACEUTICALS AND DR YAW ADU GYAMFI [2020]DLHC8941

Date	2020-02-19
Suit No.	SUIT NO. CM/0349/2016
Citation No.	[2020]DLHC8941

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

THADDEUS SORY ESQ. OF SORY@LAW EAST LEGON ACCRA COUNSEL FOR DEFENDANTS/APPLICANTS

THEODOCIA NAANA QUARTEY ESQ. OF LEGAL INK LABONE ACCRA COUNSEL FOR PLAINTIFF/RESPONDENT

[2020]DLHC8941
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													<main id="main" class="content" style="min-height: 60rem" >UNIVERSAL MERCHANTS BANK LTD<o:p></o:p>(PLAINTIFF/RESPONDENT)<o:p></o:p>vs.<o:p></o:p>DANADAMS PHARMACEUTICALS AND DR YAW ADU GYAMFI<o:p></o:p>(DEFENDANTS/APPLICANTS)<o:p></o:p>[HIGH
COURT (COMMERCIAL DIVISION) ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SUIT
NO. CM/0349/2016&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: 19TH FEBRUARY, 2020<o:p></o:p>

</div>COUNSEL:<o:p></o:p>THADDEUS
SORY, ESQ., OF SORY@LAW, EAST LEGON, ACCRA, COUNSEL FOR DEFENDANTS/APPLICANTS<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">THEODOCIA NAANA QUARTEY ESQ., OF LEGAL
INK, LABONE, ACCRA, COUNSEL FOR PLAINTIFF/RESPONDENT<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-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="text-align:center;line-height:115%;
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solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div>In
this application, the Defendants/Applicants (hereinafter called “Applicants”)
seek an order of this court granting them leave to amend their statement of
defence filed with the Registry of this court on July 4, 2016 pursuant to Orders
16 rule 5(1)(b) and 11(1) and (2) of the High Court (Civil Procedure) Rules,
2004 (C.I 47) on the basis that they had omitted to plead certain facts
which are material to their defence and ultimately to include a counterclaim.<o:p></o:p>The backdrop to this application is that
on May 13, 2016, the Plaintiff/Respondent, hereafter referred to as
“Respondent” caused a Writ of Summons to be issued against the Applicants claiming
the following reliefs:<o:p></o:p>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of the sum of
US$4,673,960.84.<o:p></o:p>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest at the contractual
rate 10% on the said sum of US$4,673,960.84 from 21st January, 2016
to the date of full and final payment.<o:p></o:p>In
the alternative;<o:p></o:p>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An order for the judicial
sale of the following;<o:p></o:p>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The mortgaged property
situate at Plot no 690, Block 22, section 018, Baatsona, Accra.<o:p></o:p>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All assets of the 1st
Defendant (Plant and Machinery).<o:p></o:p>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;