STRATEGIC DEBT SOLUTIONS LTD vs. PARAGON INVESTMENT LIMITED, KWASI AMOO SIRIBOE [2022]DLHC17086

Date	2022-09-26
Suit No.	SUIT NO: BDC15/2016
Citation No.	[2022]DLHC17086

HIS LORDSHIP JUSTICE DR. RICHMOND OSEI-HWERE

SAMUEL OSEI ESQ

AGBESI DZAKPASU ESQ.

CONSTANTINE KUDZEDZI ESQ

[2022]DLHC17086
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													<main id="main" class="content" style="min-height: 60rem" ><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
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line-height:normal;mso-pagination:none;text-autospace:none">STRATEGIC DEBT SOLUTIONS LTD<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
margin-bottom:0cm;margin-left:4.5pt;margin-bottom:.0001pt;text-align:center;
line-height:normal;mso-pagination:none;text-autospace:none">(PLAINTIFF/J/C/APPLICANT)<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
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line-height:normal;mso-pagination:none;text-autospace:none">vs.<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
margin-bottom:0cm;margin-left:4.5pt;margin-bottom:.0001pt;text-align:center;
line-height:normal;mso-pagination:none;text-autospace:none">PARAGON INVESTMENT LIMITED, KWASI AMOO SIRIBOE<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
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line-height:normal;mso-pagination:none;text-autospace:none">(DEFENDANTS/J/D/RESPONDENTS)<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
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line-height:normal;mso-pagination:none;text-autospace:none">[HIGH
COURT, SEKONDI]<o:p></o:p><p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:-2.5pt;
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line-height:normal;mso-pagination:none;tab-stops:168.75pt 278.15pt;text-autospace:
none">&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: -2.5pt;">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-pagination:none;text-autospace:none;border:none;
mso-border-bottom-alt:solid black 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><a name="_heading=h.gjdgxs"></a>SUIT NO: BDC15/2016&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;DATE: 26TH SEPTEMBER, 2022<o:p></o:p>

</div>COUNSEL&nbsp;&nbsp;&nbsp; <o:p></o:p>SAMUEL
OSEI ESQ FOR AGBESI DZAKPASU ESQ. FORM PLAINTIFF/J/C/APPLICANT<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;">

CONSTANTINE KUDZEDZI ESQ, FOR THE
DEFENDANTS/J/D/RESPONDENTS<o:p></o:p>

</div>CORAM<o:p></o:p>HIS LORDSHIP JUSTICE DR. RICHMOND
OSEI-HWERE<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: -2.5pt;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
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padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div>In
this motion on notice, the Plaintiff/Judgment Creditor/Applicant (hereinafter
called the “Applicant”) is praying the court for an order waiving the
requirement for the payment into court the purchase sums upon the public
auctioning of the attached properties of the Defendants/Judgment
Debtors/Respondents (hereinafter called the “Respondents”).<o:p></o:p>From
the entirety of the motion paper, the supporting affidavit and written
submission of learned counsel for the Applicant, the application is made
pursuant to Order 45 Rule 7 of the High Court (Civil Procedure) Rules, 2004 (CI
47). However, in the motion paper the rule was misstated as Order 47 Rule 7.
This is a mere slip which does not affect the substance of the application.<o:p></o:p>The
background facts leading to this application are that the High Court
(Commercial Division) delivered judgment in favour of the Applicant on 18th
March, 2019. Pursuant to the judgment, Applicant filed an Entry of Judgment
against the Respondents. The Respondents failed or refused to pay the debt owed
to the Applicant. Consequently, the Applicant filed a writ of fifa and the Deputy Sheriff attached
some properties of the Respondents. The Deputy Sheriff subsequently appointed
an auctioneer for the auctioning of the attached properties. Applicant
participated in the public auction and purchased the attached properties as it
offered the highest bid on all the properties.<o:p></o:p>In
an affidavit in support of the application, Applicant is saying that after
winning the bid, there is no need for it to pay the purchase sums into court
only for it to apply for same to be paid to it out of court to satisfy part of the
judgment sum. That the court has the power to order it not to pay the purchase
sums into court and to refund same in satisfaction of the Respondent’s judgment
debt.<o:p></o:p>In
an affidavit in support of the application, the auctioneer, Joe Ala Adjetey Din
who operates under the name and style Aadin Auctions deposed as follows:<o:p></o:p>3.
That I have been shown an Affidavit in Opposition filed by the Defendants.<o:p></o:p>4.
That I followed the laid down rules of publication of attached properties and
published the date for the auction of the attached properties. That on 29th
June, 2022 the said properties were auctioned at their various locations.<o:p></o:p>5.
That the Plaintiff/Judgment Creditor/Applicant participated in the auction and
offered the highest bid for all the properties which met the Reserved Price set
by this Honourable Court.<o:p></o:p>6.
T</main>