UNIVERSAL MERCHANT BANK LIMITED vs. MENZBEK LIMITED [2023]DLHC16981

Date	2023-04-28
Suit No.	SUIT NO. CM/BFS/0320/2022
Citation No.	[2023]DLHC16981

HER LADYSHIP JUSTICE AKUA SARPOMAA AMOAH (MRS.)

AUDREY TWUM

KWAME BOAFO AKUFFO

JONATHAN ANTWI

[2023]DLHC16981
																																						<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" >UNIVERSAL MERCHANT BANK LIMITED<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>MENZBEK LIMITED<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH
COURT, ACCRA]<o:p></o:p>&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: 0cm; margin-right: -1.05pt;">

<a name="_heading=h.gjdgxs"></a>SUIT NO. CM/BFS/0320/2022&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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 &nbsp;APRIL, 2023<o:p></o:p>

</div>COUNSEL&nbsp;&nbsp;&nbsp; <o:p></o:p>AUDREY
TWUM HOLDING BRIEF FOR KWAME BOAFO AKUFFO FOR PLAINTIFF <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;">

JONATHAN ANTWI FOR DEFENDANT<o:p></o:p>

</div>CORAM<o:p></o:p>HER LADYSHIP JUSTICE AKUA
SARPOMAA AMOAH (MRS.) <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: 0cm; margin-right: -1.05pt;">

JUDGMENT<o:p></o:p>

</div>The present Motion seeks Summary Judgement against the
Defendant in respect of the reliefs endorsed on the Plaintiff’s
“Re-amended Writ” in terms of Order
14 of the High Court Civil Procedure Rules, 2004 (CI 47).<o:p></o:p>&nbsp;By its “Re-amended Writ and Statement of claim” filed on
the 30th of December, 2022, the Plaintiff
seeks the following reliefs against the Defendant;<o:p></o:p>&nbsp;<p class="MsoListParagraph" style="margin-top:0cm;margin-right:-1.05pt;
margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:justify;
text-indent:0cm;line-height:115%;mso-list:l2 level1 lfo5">a)<span style="font-style: normal; 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The principal sum of One
million and Four Thousand, Nine Hundred and Ninety -Eight Ghana cedis and
Seventy pesewas (GH¢ 1,004,998.70)<o:p></o:p><p class="MsoListParagraph" style="margin-top:0cm;margin-right:-1.05pt;
margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;text-align:justify;
text-indent:0cm;line-height:115%;mso-list:l2 level1 lfo5">b)<span style="font-style: normal; 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accrued interest on the
facility, which presently stands
at Three Million,<o:p></o:p>Six Hundred and Thirty-One Thousand, One Hundred and
Forty- Two Ghana Cedis and Twenty–Four pesewas (GH¢ 3,631,142.24) as at
31st May, 2022 calculated on 31% and continuing to date of final payment<o:p></o:p>.<o:p></o:p>c)