Baitwa & 2 Others v Standard Chartered Bank (U) Limited (Miscellaneous Cause 70 of 2024)
Observed later treatment
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Holding
Held that a mortgagee seeking to enforce security must serve fresh notices of default and sale on mortgagors before advertising mortgaged property for sale, regardless of notices issued over seven years prior or consent judgment terms. Notices issued in 2016 were insufficient to support advertisements in January and June 2024, particularly where substantial changes to the outstanding debt had occurred through litigation, partial payment, and sale of other secured property. The equity of redemption requires that mortgagors be properly notified of the current default and given opportunity to rectify before foreclosure. Advertisements contravening Mortgage Act sections 19 and 26 must be set aside.
Outcome
Application allowed in part — advertisements of sale set aside; other prayers not determined pending resolution in Misc. Appeal No. 0015 of 2024
Facts
The third applicant obtained credit facilities from the respondent bank secured by multiple mortgaged properties. The first and second applicants' matrimonial homes were mortgaged as secondary securities. In 2016, the bank issued notices of default and sale following default by the third applicant. Civil Suit No. 977 of 2016 was settled by consent judgment in November 2018, reducing the debt to USD 3,700,000. The third applicant paid USD 1,487,243 in 2019. The bank sold the Namanve property but a balance of USD 1,734,094 remained outstanding. In January and June 2024, the bank advertised the first and second applicants' matrimonial homes for sale without serving fresh notices of default or sale. The applicants filed Misc. Application No. 87 of 2024 which was granted subject to deposit of 30% of the outstanding sum within 45 days. The applicants sought to set aside the advertisements and be exonerated from the conditional deposit.
Issues
- Whether the advertisement of sale of the land comprised in Kyadondo Block 216 Plot 629 situate at Nsimbiziwome and Kyadondo Block 250 Plot 193 situate at Bunga by the Respondent should be set aside.
- Whether the Applicants should be exonerated from having to pay any sum of money as a condition for securing a temporary injunction halting the sale of the mortgaged properties until the disposal of Civil Suit No. 0071 of 2024.
Orders
- The advertisement of sale of the land comprised in Kyadondo Block 216 Plot 629 situate at Nsimbiziwome and Kyadondo Block 250 Plot 193 situate at Bunga by the Respondent on 8th January 2024 and 20th June 2024 is hereby set aside.
- Costs of this cause are awarded to the Applicants.
Rules and key headnotes
Legislation cited (9)
Cases cited (1)
- Ecumenical Church Loan Fund Uganda Ltd v Ways KM Uganda Ltd (High Court Civil Suit No. 11 of 2014)
Cases citing this judgment (1)
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.