WESTERN STEEL & FORGING LTD. & 2 OTHERS vs. GUARANTY TRUST BANK (GH) LTD. [2022]DLHC12017

Date	2022-11-11
Suit No.	SUIT NO. GJ/1124/2021
Citation No.	[2022]DLHC12017

HIS LORDSHIP CHARLES GYAMFI DANQUAH J.

JOSEPH OPOKU BOATENG ESQ. FOR PLAINTIFFS/APPELLANTS/APPLICANTS.

EMEAFA HARDCASTLE ESQ. FOR DEFENDANT/RESPONDENT/RESPONDENT.

[2022]DLHC12017
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													<main id="main" class="content" style="min-height: 60rem" >WESTERN
STEEL &amp; FORGING LTD. &amp; 2 OTHERS&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (PLAINTIFFS/APP/ APPLICANTS)<o:p></o:p>vs.<o:p></o:p><a name="_heading=h.gjdgxs"></a>GUARANTY TRUST BANK (GH) LTD.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>(DEFENDANT/RESP/
RESPONDENT) <o:p></o:p>[HIGH COURT, ACCRA]<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;">

SUIT NO. GJ/1124/2021&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:
11TH&nbsp;NOVEMBER 2022<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>JOSEPH OPOKU BOATENG ESQ. FOR PLAINTIFFS/APPELLANTS/APPLICANTS.,<o:p></o:p>EMEAFA HARDCASTLE ESQ. FOR DEFENDANT/RESPONDENT/RESPONDENT.<o:p></o:p>CORAM<o:p></o:p>HIS LORDSHIP CHARLES
GYAMFI DANQUAH J.<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;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal;border:none;mso-border-top-alt:solid black 1.5pt;
mso-border-bottom-alt:solid black 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div>The case from which the present application
for stay of execution pending appeal has a long history. The present application
is praying for an order staying execution of the alternative Judgment for an
order for judicial sale of H/No.168 Kofi Dzata Street, Dzorwulu, Accra made in
Suit No. RPC/176/12 pending the determination of an appeal against the Ruling
of this Court dated 21st March, 2022 which Ruling dismissed the
Plaintiffs action filed on 6th July, 2021.This Court dismissed the
action on the grounds that same was frivolous, vexatious and abuse of Court
process.<o:p></o:p>&nbsp;The Defendant/Respondent/Respondent (hereafter called the
Defendant) sued the three Plaintiffs/Appellants/Applicants (hereafter referred
to as the Plaintiffs) at the High Court, Accra and obtained judgment against
them. <o:p></o:p>The property in issue was part of the reliefs claimed by the
Defendant in the alternative for judicial sale of same. This same property was
also the subject of litigation in the suit filed by the Plaintiffs on the 6th
July, 2021 where the Plaintiffs at relief (c) prayed for an order of injunction
restraining the Defendant, its officers, agents, assigns, or persons deriving
any title from Defendant from interfering with the quiet possession of H/No.
168 Kofi Dzata Street, Dzorwulu, Accra.<o:p></o:p>&nbsp;AFFIDAVIT IN SUPPORT OF THE APPLICATION FOR STAY OF
EXECUTION.<o:p></o:p>According to the Plaintiffs they have filed an appeal
against the ruling of this Court which summarily dismissed their suit and
attached a copy of the Notice of Appeal as Exhibit A. That the appeal raises
serious legal issues particularly as to whether or not the issue of fraud was
thoroughly investigated in Suit No. RPC/176/2012.<o:p></o:p>&nbsp;In short, the Plaintiffs contended that the appeal has a
reasonable chance of success and for same not to be rendered nugatory the
alternative judgment made by the judge in Suit No. RPC/176/2012 for the sale of
the mortgaged property which was the gravamen of the Plaintiffs suit summarily
dismissed is stayed pending the determination of the appeal against the ruling
of this Court. <o:p></o:p>&nbsp;The depositions continued that the Plaintiffs would suffer
irreparable damage were the application refused and the Plaintiffs forcibly
ejected from the property which served as the matrimonial and dwelling place of
the 2nd and 3rd Plaintiffs.<o:p></o:p>