Centenary Rural Development Bank Ltd v Mwaga Peace (Civil Suit 143 of 2020)
Observed later treatment
No later-treatment classification is recorded for this judgment.
Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.
AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
The High Court Commercial Division held that the defendant breached two finance lease facility agreements by failing to pay monthly instalments as agreed. The court awarded the plaintiff recovery of UGX 100,449,501 being the outstanding balance after sale of the leased trucks, together with interest at 12% per annum from filing of suit until payment in full. General damages for breach of contract were refused on the basis that the bank had realised its security.
Outcome
Judgment entered for the plaintiff for recovery of outstanding debt with interest and costs
Facts
The plaintiff bank advanced two finance lease facilities totalling UGX 225,000,000 to the defendant in October 2015 and September 2016 to enable her procure two Isuzu Giga trucks for commercial transport business. The defendant took possession of the trucks and was obliged to repay by monthly instalments with interest. She defaulted on repayment obligations, resulting in accumulated arrears. Despite repeated demands and notices, the defendant failed to regularise the account. The plaintiff exercised its contractual rights by instructing valuers and auctioneers to recover the outstanding amount through sale of the leased trucks. The trucks were sold but the proceeds were insufficient to clear the debt. As at 16th September 2019, the outstanding balance stood at UGX 100,449,501. The defendant filed a defence but did not participate further and failed to appear for hearing. The court proceeded exparte.
Issues
- Whether the defendant breached the lease facility agreements dated 15th October 2015 and 2nd September 2016.
- What remedies are available to the parties.
Orders
- The defendant shall refund the plaintiff UGX 100,449,501 (One hundred million four hundred forty nine thousand five hundred one shillings) that is due and owing.
- Interest of 12% per annum is imposed on the principal sum from the date of filing this suit till payment in full.
- The plaintiff is awarded costs of the suit.
Rules and key headnotes
Legislation cited (9)
Cases cited (20)
- Nakawa Trading Co. Ltd v Coffee Marketing Board (Civil Suit No. 137 of 1991)
- Ecobank Uganda Ltd v King James Comprehensive School Ltd & 2 Others (Civil Suit No. 654 of 2017)
- Altica Sea Carriers Corporation v Ferrostoal Bank Reederei GmbH [1976] 1 Lloyd's Rep 250
- Centenary Rural Development Bank Ltd v Hon. Michael Maranga Mawanda (High Court Civil Suit No. 437 of 2016)
- Isaac Aluoch Polo Aluochier v The Senate & 2 Ors Petition No. E014 of 2025
- Raila Odinga & another v Independent Electoral and Boundaries Commission & 2 others; Aukot & another (Interested Parties); Attorney General & another (Amicus Curiae) (Presidential Election Petition 1 of 2017) [2017] KESC 42 (KLR)
- Sheikh Abdulai Rajab & 3 Others v Sheikh Abubakar Songa Wailojo & 2 Others High Court Civil Suit No. 0028 of 2013
- Shaneebal Limited v County Government of Machakos High Court Civil Suit No. 25 of 2016 (Kenya)
- Logistics Link Limited v Yalelo (U) Limited [2023] KEHC 27381 (KLR)
- Kirugi and another v Kabiya & Others (1987) KLR 347
- Printing and Numerical Registering Co. v Simpson (1875) LR 19 Eq 462
- Behange v School Outfitters (U) Ltd (2000) 1 E.A 20
- James Fredrick Nsubuga v Attorney General (High Court Civil Suit No. 13 of 1993)
- Erukana Kuwe v Isaac Patrick Matovu and another (High Court Civil Suit No. 177 of 2003)
- Wainwright v Fontenot, 774 So. 2d 70 (2000)
- Hadley v Baxendale (1894) 9 Exch 341
- Takiya Kashwahiri & Anor v Kajungu Denis (Court of Appeal Civil Appeal No. 85 of 2011)
- Charles Acire v M. Engola (High Court Civil Suit No. 143 of 1993)
- Kibimba Rice Ltd v Umar Salim (Supreme Court Civil Appeal No. 17 of 1992)
- Kenford Co. v County of Erie, 73 NY 2d 312
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.