Abisha Steel Industries (In Receivership) & 2 Others v Exim Bank Uganda Limited (Miscellaneous Application 92 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Court declined to hold the Respondent in contempt, finding that although the Respondent failed to file a preliminary report as required under the Insolvency Act, it had acted in good faith by filing a detailed account report. Court ordered the Respondent to file a preliminary report within 30 days in compliance with Section 193 of the Insolvency Act and declined to grant consequential monetary orders, as the trial judge had found no financial loss was proved against the bank.
Outcome
Application partly allowed; Respondent ordered to file preliminary report within 30 days; failure to comply will result in fine and imprisonment of receiver; no consequential monetary order granted
Facts
The Applicants sought orders holding the Respondent in contempt for failing to comply with a judgment dated 27 February 2023 in Civil Suit No. 5 of 2017, which ordered the Respondent to file detailed account reports of receivership over the assets of the 1st Applicant within 30 days. The judgment and decree were served on the Respondent in early April 2023. The Respondent instructed the receiver to comply and a detailed account report was filed in court on 12 April 2023 and served on the Applicants on 17 April 2023. The Applicants contended that the report filed was inadequate because no preliminary report as required under Sections 193 and 194 of the Insolvency Act had been filed during receivership or within the court-ordered timeframe. The Applicants sought contempt orders, punitive damages of USD 1,000,000, and a consequential order for payment of USD 8,063,722 representing the insurance value of assets taken over during receivership.
Issues
- Whether the Respondent is in contempt of court for failing to comply with orders to file detailed account reports of receivership.
Orders
- The Respondent should file a preliminary report within 30 days from the date of this ruling in compliance with Section 193 of the Insolvency Act, Cap 108, and avail the Applicants with it within the same period.
- The Respondents purge themselves of contempt by complying with the order of this court under paragraph (a) above.
- In the event that the Respondents fail to comply with the court order within the period ordered by this court in (a) above, a fine of UGX 50,000,000/= shall be paid by the Respondents and the Receiver (Mr. Felix Musiime) shall be committed to prison for six months.
- Each party shall bear their own costs of this application.
Rules and key headnotes
Legislation cited (19)
- Judicature Act Cap.13 s.14
- Judicature Act Cap.13 s.33
- Judicature Act Cap.13 s.38
- Civil Procedure Act s.27
- Civil Procedure Act Cap.71 s.98
- Civil Procedure Rules Cap.71 O.2 r.9
- Civil Procedure Rules S.I. 71-1 O.52 r.1
- Civil Procedure Rules S.I. 71-1 O.52 r.3
- Insolvency Act 2011 s.179
- Insolvency Act 2011 s.180
- Insolvency Act 2011 s.183
- Insolvency Act 2011 s.184
- Insolvency Act 2011 s.189
- Insolvency Act 2011 s.190
- Insolvency Act 2011 s.191(2)
- Insolvency Act 2011 s.193
- Insolvency Act 2011 s.194
- Constitution of the Republic of Uganda 1995 art.28(12)
- Contempt of Court Act 1981
Cases cited (6)
- Kenya Tea Growers Association v Francis Atwoli & 5 Others [2012] EKLR
- Attorney General v Times Newspaper Ltd (1992) 1 AC 191
- Betty Kizito v Dickson Nsubuga & 6 Others (Supreme Court Civil Applications No. 25 & 26 of 2021)
- Sitenda Sebalu v The Secretary General of the East African Community (Ref. No. 8 of 2012)
- Mugerwa John Bosco & Another v Xsabo Power Ltd (High Court Miscellaneous Application No. 273 of 2018)
- Devanti Union Limited v Tonny Kipoi Nsubuga & 2 Others (High Court Miscellaneous Cause No. 193 of 2019)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.