C-Asian Mining and Mineral Ltd and Nasur Lokeris Modester v Anna Adeke Ebaju and Wanyoto Paul Mugoya (Miscellaneous Cause No. 9 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court set aside a statutory demand issued under the Insolvency Act where the applicants demonstrated a substantial dispute as to whether the debt was owing or due, raised a counterclaim, and showed that the creditor had not established that the debt was ascertained and unequivocal. The court held that insolvency proceedings are not intended as a means for a single creditor to enforce a disputed debt but are instead a method of collective realization of assets.
Outcome
Statutory demand set aside; parties to pursue substantive dispute through civil suit
Facts
The applicants and the 1st respondent executed a Financing Agreement on 17 May 2024 to finance gold exploration and mining operations. The respondents were to advance USD 66,500 but only provided USD 56,400. The 2nd respondent allegedly demanded early repayment in contravention of the twelve-month agreement term. The applicants made payments totalling UGX 188,700,000 to the 2nd respondent. On 6 January 2025, the 1st respondent served a statutory demand on the applicants claiming USD 76,400 (principal of USD 56,400 plus accumulated interest of USD 20,000 at 5% per month). The applicants contended they dealt primarily with the 2nd respondent, that the statutory demand was premature as the agreement was still subsisting, and that there was a substantial dispute as to the amount owed given the payments already made.
Issues
- Whether the application was filed out of time?
- Whether the 1st Respondent's affidavit in reply was filed out of time without leave of Court?
- Whether the 1st Respondent's statutory demand dated 6th January, 2025 should be set aside?
- What remedies are available to the parties?
Orders
- The statutory demand dated 6th January, 2025 is hereby set aside.
- Each party shall bear its own costs.
Rules and key headnotes
Legislation cited (11)
- Civil Procedure Act Cap. 282 s.98
- Insolvency Act Cap. 108 s.4
- Insolvency Act Cap. 108 s.3(2)(a)
- Insolvency Regulations 2013 reg.5(3)
- Insolvency Regulations 2013 reg.6(1)
- Insolvency Regulations 2013 reg.6(2)
- Civil Procedure Rules SI 71-1 O.6 r.28
- Civil Procedure Rules SI 71-1 O.8 r.1(2)
- Civil Procedure Rules SI 71-1 O.52 r.1
- Civil Procedure Rules SI 71-1 O.52 r.3
- Evidence Act Cap. 8 s.91
Cases cited (11)
- Ayo Jacinta v Hon. Achieng Sarah Opendi (Miscellaneous Cause No. 223 of 2020)
- Victoria Seeds Limited v O.N. Sunde (Miscellaneous Cause No. 11 of 2022)
- Home Connect Properties Ltd v Kassim Buyondo and Another (Miscellaneous Cause No. 258 of 2022)
- Serunjogi Bernard v Ssekyanzi Adrian (Miscellaneous Cause No. 28 of 2024)
- Stop and See (U) Ltd v Tropical Africa Bank Ltd (Miscellaneous Application No. 333 of 2020)
- Dr. Lam Lagoro James v Muni University (Miscellaneous Cause No. 7 of 2016)
- Luzinda Saleh v Chims Africa (U) Ltd (Miscellaneous Application No. 362 of 2021)
- Masaba Difasi and 3 Others v Makheti Joseph and 2 Others (Miscellaneous Application No. 131 of 2024)
- Bugisu Muslim District Council v Musa Kalokola and 2 Others (Miscellaneous Application No. 105 of 2024)
- Mbale Resort Hotel Limited v Babcon (U) Ltd (Miscellaneous Cause No. 24 of 2018)
- Civtec Africa Limited v Mantrac Uganda Limited (Miscellaneous Cause No. 154 of 2023)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.