Babigumira & Another v Global Trust Bank in Liquidation & 2 Others (Civil Appeal No. 258 of 2017)
Observed later treatment
Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.
Appeal & case history
Follow this matter from the decision below through each appellate court.
See the court’s words
“I concur in the reasoning and the conclusion he has reached in finding the grounds of the appeal to be without merit and thus dismissing the appeal with costs of the appeal and those in the Court below to the respondents.”
See the court’s words
“On appeal, the learned Justices of appeal upheld the decision of the”
AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
The Court of Appeal dismissed the appeal against the dismissal of a suit challenging a mortgage sale. The Court held that although the bank manager's name was omitted from the mortgage deed, the affixing of the company seal, stamp and the signatory's capacity satisfied the purpose of section 148 of the RTA, so the mortgage was validly executed. The borrower's obligation to repay arose immediately upon disbursement, notwithstanding that only UGX 98,000,000 of the UGX 100,000,000 facility was advanced (the 2% commitment fee being deducted). Failure to serve the recall notice by posting did not vitiate the auction sale, and no fraud was proved against the respondents.
Outcome
Appeal dismissed; High Court dismissal of the suit upheld
Facts
The first appellant was the registered proprietor of land at Kungu (Kyadondo Block 194 Plot 45) and gave a power of attorney to the second appellant to use it as security for a loan from the first respondent bank. The bank agreed to advance a UGX 100,000,000 credit facility, and the title was surrendered as security. The bank disbursed UGX 98,000,000, retaining 2% as a commitment fee. The mortgage deed was executed on behalf of the bank by its manager, whose signature bore no name but was accompanied by the company seal and stamp. The appellants paid an installment of UGX 12,000,000 then defaulted. The loan was recalled on 15 July 2010 with an outstanding balance of about UGX 106,592,019. After a newspaper advertisement, the mortgaged property was sold by public auction to the second respondent. The appellants sued alleging fraudulent and undervalued sale, inadequate notice, and defective execution of the mortgage. The High Court dismissed the suit.
Issues
- Whether the mortgage deed was validly executed under section 148 of the Registration of Titles Act where the bank manager's signature was not accompanied by his name.
- Whether the second appellant was obliged to repay the loan facility notwithstanding that less than the full agreed sum was advanced.
- Whether the sale of the mortgaged property by public auction was fraudulent or irregular where notice was not served by posting under the mortgage deed.
Orders
- Appeal dismissed for lack of merit.
- Costs awarded to the respondents here and in the court below.
Rules and key headnotes
Legislation cited (6)
Cases cited (4)
- Fredrick Zaabwe v Orient Bank and 5 Others (Civil Appeal No. 4 of 2006)
- General Parts (U) Ltd v Non Performing Assets Recovery Trust (Civil Appeal No. 5 of 1999)
- Pandya v R [1957] EA p.336
- Kifamunte v Uganda (Criminal Appeal No. 10 of 1997)
Cases citing this judgment (3)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.