EMBALINKS TELECOM SERVICE LTD vs. CAL BANK LIMITED [2020]DLHC9243

Date	2020-02-28
Suit No.	SUIT NO. E2/21/16
Citation No.	[2020]DLHC9243

HIS LORDSHIP JUSTICE P. BRIGHT MENSAH

E.K AMUA SEKYI FOR THE PLAINTIFF

KOFI EDUSEI FOR THE DEFENDANT

[2020]DLHC9243
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													<main id="main" class="content" style="min-height: 60rem" >EMBALINKS TELECOM SERVICE LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>CAL BANK LIMITED<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH
COURT, SEKONDI]<o:p></o:p><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

SUIT NO. E2/21/16&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: 28TH FEBRUARY
2020<o:p></o:p>

</div><span style="font-family: &quot;Book Antiqua&quot;, serif; color: rgb(51, 51, 51); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">COUNSEL:<o:p></o:p><span style="font-family: &quot;Book Antiqua&quot;, serif; color: rgb(51, 51, 51); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">E.K AMUA
SEKYI FOR THE PLAINTIFF<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">

<span style="font-family: &quot;Book Antiqua&quot;, serif; color: rgb(51, 51, 51); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">KOFI
EDUSEI FOR THE DEFENDANT<o:p></o:p>

</div>CORAM:<o:p></o:p>HIS LORDSHIP JUSTICE P. BRIGHT MENSAH<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%;
border:none;mso-border-top-alt:solid windowtext 1.5pt;mso-border-bottom-alt:
solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>

</div><o:p>&nbsp;</o:p>The registry of this court issued a
writ of summons at the instance of the plaintiff herein on the 29th
day of March 2016 as against the defendant named herein.&nbsp; The the reliefs endorsed on the writ are
stated hereunder:<o:p></o:p><o:p>&nbsp;</o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a declaration that the interest/penal
interest clauses <o:p></o:p>contained
in the facility agreement between the parties<o:p></o:p>is
unconscionable;<o:p></o:p><o:p>&nbsp;</o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; an order setting aside the said
interest/penal clauses in the<o:p></o:p>said
facility agreement;<o:p></o:p><o:p>&nbsp;</o:p>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; an order for the calculation of
interest in the facility agreement<o:p></o:p>on
the basis of fairness, reasonableness and equity.<o:p></o:p><o:p>&nbsp;</o:p>Upon being served with the writ, the
defendant bank entered appearance and filed a defence denying substantially,
the plaintiffs’ claim.<o:p></o:p><o:p>&nbsp;</o:p>Issues for trial:<o:p></o:p><o:p>&nbsp;</o:p>Pursuant to leave of the court to
amend pleadings granted on 13/04/2018, the defendants filed an amended
statement of defence on 19/04/2018 that raised the following issues for trial:<o:p></o:p><o:p>&nbsp;</o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; whether the interest/penal interest
clauses contained in the facility<o:p></o:p>agreement
is unconscionable<o:p></o:p><o:p>&nbsp;</o:p>2.