Biryomunmaisho and Another v Centenary Rural Development Bank Limited (Miscellaneous Application 131 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the application for unconditional leave to defend, holding that the applicants failed to establish a plausible defence. The applicants, as loan guarantors who executed personal guarantees and received independent legal advice, were properly notified of the borrower's default and bound by their contractual obligations under sections 71(1) and (2) of the Contracts Act 2010. Their arguments regarding lack of demand notice, inclusion of the employer as guarantor, and discrepancies in amounts were found to lack merit.
Outcome
Application dismissed; applicants must proceed to answer the summary suit without leave to defend
Facts
On 30 November 2021, Centenary Rural Development Bank Limited advanced a loan of UGX 110,000,000 to Okello Julius secured by personal guarantees executed by the applicants on 29 November 2021. The guarantees were signed after the applicants received independent legal advice. Okello Julius defaulted on his loan obligations. The respondent bank served a demand notice dated 18 January 2023 on Okello Julius for UGX 103,811,598, which was copied to the applicants. On 20 and 25 January 2023, the applicants wrote to the bank requesting removal of holds on their accounts. The respondent filed Civil Suit No. 14 of 2023 as a summary suit claiming UGX 105,569,526. The applicants sought leave to defend, arguing they were not served with demand notices, that the borrower's employer Soroti University should have been sued as a guarantor, and that there were discrepancies in the amounts claimed.
Issues
- Whether the applicants have raised triable issues to enable the court to grant them leave to appear and defend Civil Suit No. 14 of 2023.
Orders
- Application for unconditional leave to appear and defend Civil Suit No. 14 of 2023 dismissed.
- Costs of the application awarded to the respondent bank.
Rules and key headnotes
Legislation cited (6)
Cases cited (3)
- Geoffrey Gatete and Another v William Kyobe (Supreme Court Criminal Appeal No. 7 of 2005)
- Maluku Inter Global Trade Agency Ltd v Bank [1985] HCB 65
- Ariho Trevor v Standard Chartered Bank Uganda Limited (Miscellaneous Application No. 560 of 2021)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.