BANK OF AFRICA GHANA LTD vs. ALUKINGS SYSTEMS LTD & 2ORS [2023]DLHC16947

Date	2023-03-27
Suit No.	SUIT NO CM/BFS/0277/2021
Citation No.	[2023]DLHC16947

HIS LORDSHIP JUSTICE JUSTIN KOFI DORGU

DAVID OBENG-MENSAH

EMMANUEL EFFAH ANNAN

DR. EUGENE ASIAMAH BOADU

[2023]DLHC16947
																																						<div class="restriction-wrapper">
														<div class="container-lg">
															<div class="row">
																<div class="col-md-12 restricted-content">
																	<div class="restricted-content-img-wrapper">
																		<div class="lock-icon bounce-7">
																			<img class=""
																				src="https://www.dennislawgh.com/dl-assets/dl-images/lock-content.png"
																				alt="Subscription based content">
																		</div>
																	</div>
																	 
																		<a href="https://www.dennislawgh.com/login"
																		class="btn btn-primary btn-lg"
																		style="font-family: 'open sans'; text-transform: capitalize; border-radius: 8px"> 
																		Login to Read Full Case </a>
																	 
																	
																</div>
															</div>
														</div>
													</div>
													<main id="main" class="content" style="min-height: 60rem" ><div class="WordSection1">

BANK OF AFRICA GHANA LTD<o:p></o:p>

(PLAINTIFF)<o:p></o:p>

(DEFENDANTS)<o:p></o:p>

[HIGH
COURT, ACCRA]<o:p></o:p>

&nbsp;

<a name="_heading=h.gjdgxs"></a>SUIT NO CM/BFS/0277/2021&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; DATE: 27TH &nbsp;MARCH 2023<o:p></o:p>

</div>

COUNSEL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>

DAVID OBENG-MENSAH HOLDING BRIEF
FOR EMMANUEL EFFAH ANNAN FOR PLAINTIFF/RESPONDENT <o:p></o:p>

DR. EUGENE ASIAMAH BOADU
FOR 3RD DEFENDANT/APPLICANT<o:p></o:p>

</div>

CORAM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>

HIS LORDSHIP JUSTICE JUSTIN
KOFI DORGU <o:p></o:p>

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

</div>

On or about the 18th January, 2021, the Plaintiff
herein, a limited liability company engaged in the business of banking issued
out a Writ of Summons against the three Defendants herein praying for the
following reliefs;<o:p></o:p>

&nbsp;

a.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery of the sum of GH¢ 267, 011.22 being the outstanding balance
as at 17th June, 2020 on the overdraft
facility granted by Plaintiff to 1st Defendant
on the latter’s request<o:p></o:p>

b.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest
on the said amount at the rate of forty percent (40%) per annum (inclusive of
penal interest of 6% and a default charge of two (2%) from 18th June, 2020 to the date of final
payment<o:p></o:p>

<p class="MsoListParagraph" style="margin-top:0cm;margin-right:0cm;margin-bottom:
0cm;margin-left:35.95pt;margin-bottom:.0001pt;text-indent:-17.95pt;line-height:
115%;mso-list:l0 level1 lfo2;tab-stops:45.95pt">c.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs<o:p></o:p>

&nbsp;

Now, I will quote
some pertinent paragraphs in<s</main>