Cairo Bank Uganda v Kanyago (Miscellaneous Appeal 1559 of 2022)
Observed later treatment
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Holding
The High Court Commercial Division partially allowed the appeal against the grant of a temporary injunction restraining sale of mortgaged properties. The court held that while a residential matrimonial home may constitute irreparable damage, commercial properties pledged as security do not, as loss by sale is contemplated when mortgage security is created. The court further held that the registrar erred in declining to impose the mandatory 30% deposit requirement under Regulation 13 of the Mortgage Regulations 2012, and ordered the respondent to pay 30% of the outstanding loan amount within 30 days.
Outcome
Appeal partly allowed; respondent ordered to deposit 30% of outstanding loan amount within 30 days as condition for maintaining temporary injunction
Facts
Cairo Bank Uganda Ltd and Exim Bank Uganda Ltd advanced loan facilities totalling UGX 6 billion and additional amounts to M/s Teopista & Jesus Holdings Ltd, secured by mortgages over three properties registered in the name of Teopista Nabbale, who declared herself single and unmarried. Upon default, the banks advertised the properties for sale. John Kanyago, claiming to be the spouse of the mortgagor, filed suit alleging the properties were matrimonial property and that the mortgaging was fraudulent and illegal as his consent was not obtained. He obtained a temporary injunction from the Assistant Registrar restraining the sale. The banks appealed, arguing that the respondent would not suffer irreparable damage and that the registrar erred in not requiring a 30% deposit under the Mortgage Regulations.
Issues
- Whether the learned registrar erred in law and fact when she found that the Respondent would suffer irreparable damage that cannot be atoned for by an award of damages.
- Whether the learned registrar erred in law when she declined to order the Respondent to deposit in court 30% of the outstanding loan sum.
- Whether the appeal of the 2nd Appellant was incurably defective for lack of supporting affidavit.
- Whether the application ought to be dismissed for failure to comply in a timely manner with the directions of the court.
Orders
- Appeal partially allowed.
- The Respondent is ordered to pay the Appellants UGX 5,544,389,946 being 30% of the outstanding loan amount of UGX 18,481,299,821 within 30 days from the date of delivery of this judgment.
- Each party shall bear their own costs.
Rules and key headnotes
Legislation cited (9)
- Civil Procedure Rules S.I 71-1 Order 50 rule 8
- Civil Procedure Rules S.I 71-1 Order 52 Rules 1, 2 & 3
- Constitution (Commercial Court) Practice Directions S.I 6 Direction 7
- Mortgage Act 2009 s.19
- Mortgage Act 2009 s.20
- Mortgage Act 2009 s.26(1)
- Mortgage Act 2009 s.26(2)
- Mortgage Regulations 2012 Regulation 13(1)
- Mortgage Regulations 2012 Regulation 13(6)
Cases cited (20)
- Luggya Andrew v Kikonyogo Richard and Another (Civil Application No. 248 of 2021)
- Uganda Commercial Bank v Abaasi Kibirige and Another (Civil Appeal No. 59 of 1991)
- FX Mubuuke v UEB (Miscellaneous Application No. 098 of 2005)
- Michael Mabikke v Law Development Center (Supreme Court Miscellaneous Application No. 16 of 2015)
- Attorney General v Paul Kawanga Semogere (Supreme Court Constitutional Application No. 2 of 2004)
- Seruwagi Mohammed v Yuasa Investments Ltd (High Court Civil Suit No. 0334 of 2013)
- Banco Arabe Espanol v Bank of Uganda (Supreme Court Civil Appeal No. 8 of 1998)
- Hussain Jivani v Merali Jivra Tajdin (High Court Civil Suit No. 471 of 2015)
- Kiyimba Kaggwa v Hajji Abdu Nasser Katende (1988) HCB 43
- Kakooza Abuduallah v Stanbic Bank (Miscellaneous Application No. 614 of 2014)
- Amos Rwamashodi v Gatrida Nalwoga and Another (High Court Miscellaneous Application No. 774 of 2022)
- Parul Ben Barot v Victoria Finance Company Ltd (High Court Miscellaneous Application No. 319 of 2017)
- Giella v Cassman Brown & Co [1973] EA 358
- Adam Kirumira and Another v Kamala Lalani and Another (Court of Appeal Civil Appeal No. 270 of 2023)
- Maithya v Housing Finance Company of Kenya and Another [2003] 1 EA 133
- Matex Commercial Supplies Ltd and Another v Euro Bank Ltd (In Liquidation) [2008] 1 EA 216
- Masiko Medard v Equity Bank Uganda Ltd (High Court Miscellaneous Application No. 0204 of 2022)
- Nakato Margaret v Housing Finance Bank Ltd and Another (High Court Civil Appeal No. 687 of 2021)
- Ferdsult Engineering Services Ltd and Another v ABSA Bank Ltd and Another (Constitutional Petition No. 18 of 2021)
- John Mutegeki v Tropical Bank Ltd and Others (High Court Miscellaneous Application No. 109 of 2016)
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
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