Bencher Investments and Trading Co. Ltd v Stanbic Bank (H.C.Miscellaneous Application No. 922 of 2020)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Application to set aside default judgment and reinstate application for extension of time dismissed. The court found the applicant had admitted indebtedness through a debt repayment agreement and letter, demonstrating no defence to the summary suit. The applicant's failure to serve the application on the respondent and failure to appear to prosecute the application indicated loss of interest. The application was dismissed as an abuse of court process calculated to waste time.
Outcome
Application dismissed for lack of merit and want of prosecution
Facts
The respondent bank filed Civil Suit No. 1005 of 2019 as a summary suit against Eric Olobo as guarantor of Bencher Investments and Trading Company Limited's debt of UGX 606,639,721. Before the suit was filed, the applicant company and Eric Olobo had executed a debt repayment agreement undertaking to pay UGX 15,000,000 monthly for 36 months and quarterly payments of UGX 20,000,000, effective October 2019. The applicant company confirmed the indebtedness in a letter dated 13 September 2019. Default judgment was entered against the applicant. The applicant then filed this application on 4 November 2020 seeking to set aside the default judgment and reinstate M.A No. 23 of 2020 for extension of time to apply for leave to appear and defend. The applicant failed to serve the application on the respondent and did not appear to prosecute it.
Issues
- Whether the default judgment entered against the applicant in Civil Suit No. 1005 of 2019 should be set aside.
- Whether M.A No. 23 of 2020 seeking extension of time to apply for leave to appear and defend should be reinstated.
Orders
- Application dismissed with costs for lack of merit and for want of prosecution.
Rules and key headnotes
Legislation cited (4)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.