Arinaitwe v Africana Clays Ltd (Civil Suit No. 376 of 2013)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that the defendant was indebted to the plaintiff as claimed at the time of filing suit. The plaintiff had lent UGX 220,000,000 to the defendant company pursuant to a board resolution agreeing to a 10% monthly interest on a reducing balance, repayable within 12 months. The defendant's own directors testified admitting the debt. The plaintiff was awarded UGX 484,000,000 being principal and accrued interest less any amounts attached by court bailiffs or paid post-default decree, with interest at 21% per annum from September 2013 to judgment and 17% thereafter until payment.
Outcome
Judgment entered for the plaintiff with damages and interest as specified
Facts
The plaintiff lent UGX 220,000,000 to the defendant company on 16 January 2012 pursuant to a board resolution agreeing to repay the principal with interest at 10% per month on a reducing balance within 12 months. The defendant received the money through its accountant who issued a receipt. The defendant failed to make any payments. The plaintiff filed suit on 11 July 2013 claiming UGX 484,000,000. Default judgment was entered and execution commenced. The defendant obtained a stay of execution. The defendant's directors later proposed a settlement of UGX 156,000,000 which the plaintiff rejected. During trial, two directors of the defendant testified for the plaintiff confirming the debt and that the defendant had received and used the money but failed to repay. The defendant's counsel withdrew and the defendant led no evidence.
Issues
- Whether the Defendant is indebted to the Plaintiff as claimed.
- Whether the Defendant is entitled to the counterclaim.
- What remedies are available to the parties in the circumstances.
Orders
- The Plaintiff is awarded Uganda shillings 484,000,000 as accrued at the date of filing the suit less any amount to be accounted for by Court Bailiffs as having been attached and any monies paid by the Defendant after the default decree issued in September 2013.
- Any offsets for money realised through the default decree and execution process of court have to be filed with the registrar execution and Bailiffs Division to be taken into account.
- The award in item 1 after deduction of any offsets carries interest at the rate of 21% per annum from September 2013 till date of judgment.
- Further interest is awarded at the rate of 17% per annum on the aggregate amount at the date of judgment till payment in full.
- The Plaintiff's suit succeeds with costs.
Rules and key headnotes
Legislation cited (17)
- Contracts Act 2010 s.2
- Contracts Act 2010 s.7(1)
- Contracts Act 2010 s.8
- Contracts Act 2010 s.10(1)
- Contracts Act 2010 s.11(1)
- Contracts Act 2010 s.33(1)
- Contracts Act 2010 s.47(2)
- Contracts Act 2010 s.61(1)
- Companies Act 2012 s.50
- Companies Act 2012 s.53
- Companies Act 2012 s.55
- Evidence Act s.57
- Civil Procedure Act s.26
- Civil Procedure Act s.26(2)
- Civil Procedure Rules Order 9 rule 6
- Civil Procedure Rules Order 9 rule 22
- Civil Procedure Rules Order 17 rule 4
Cases cited (8)
- Hoskins vs. Black, 190 Ky. 98, 226 S.W 384, 385
- Shaw & Sons Ltd v Shaw (1935) 2 KB 113
- Lennard's Carrying Co v Asiatic Petroleum Co Ltd [1915] AC 705
- Royal British Bank v Turquand (1856) 6 E & B 327
- Johnson v Agnew [1979] 1 All ER 883
- Dharamshi v Karsan [1974] 1 EA 41
- Tate & Lyle Food and Distribution Ltd v Greater London Council [1981] 3 All ER 716
- Riches v Westminster Bank Ltd [1947] 1 All ER 469
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.