African Textile Mills Ltd v The Cooperative Bank Ltd and Ors Ruling - (HCT-00-CC-MA 226 of 2005)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the suit is not res judicata because the previous suit dealt only with threatened sale of land and buildings under a mortgage, whereas the current suit concerns chattels which could not form part of the mortgaged property under the Mortgage Act. A mortgage constitutes a charge over an estate or interest in land only, not chattels. The current threat to sell chattels constitutes a new and different cause of action in trespass and conversion.
Outcome
Preliminary objection dismissed; matter to proceed to hearing on the merits
Facts
African Textile Mills Ltd is the registered proprietor of leasehold land in Mbale on which a textile factory operates. It mortgaged the land to Co-operative Bank Ltd. When the bank went into liquidation, it issued a statutory notice of sale under the Mortgage Act. The applicant filed HCCS No. 184 of 2002 to stop the sale. That suit was settled by consent judgment setting out payment terms, which the applicant failed to satisfy. The bank then issued a new notice of sale in March 2005, this time explicitly including factory equipment and machinery in the advertised sale. The applicant filed the present application for a temporary injunction to restrain sale of the chattels, arguing that machinery was not covered by the mortgage as chattels are governed by the Chattels Transfer Act. The respondents raised a preliminary objection that the suit is res judicata.
Issues
- Whether the applicant's suit seeking to restrain sale of chattels is barred by res judicata following a previous suit between the parties concerning mortgaged land and buildings.
- Whether chattels found on mortgaged property form part of the mortgaged property under the Mortgage Act.
Orders
- Preliminary objection overruled.
Rules and key headnotes
Legislation cited (5)
Full judgment
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