Cyan Uganda Limited and Others v Stanbic Bank Uganda Limited (MISC. APPLICATION NO. 627 OF 2018)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court granted the applicants unconditional leave to appear and defend. The applicants raised triable issues concerning disputed amounts owed to the bank, alleged unreconciled credits, potential insurance policy offsets, and liability under personal guarantees. These matters required full investigation beyond summary proceedings and could not be resolved without trial.
Outcome
Applicants granted leave to defend; matter proceeding to mediation and potential trial
Facts
Stanbic Bank instituted a summary suit (Civil Suit No. 622 of 2018) claiming USD 80,293.38 and UGX 490,978,932 owed by Cyan Uganda Limited under various loan facilities secured by personal guarantees from Esmail Daoud and Esmail Amyn. The applicants applied for unconditional leave to defend, contending: (a) discrepancies existed between claimed amounts and actual indebtedness; (b) credits totalling approximately UGX 3 million were not applied to reduce liability; (c) the bank held a Lender's All Risk Insurance Policy covering borrower default with maximum cover of USD 105,100 which should offset amounts claimed; (d) the amounts required reconciliation and accounting; (e) guarantors should not be pursued before exhausting remedies against the principal debtor. The bank opposed, arguing the applicants had no bona fide defence and admitted indebtedness.
Issues
- Whether the applicants raised any triable issues for which they could be granted leave to appear and defend the summary suit.
Orders
- Leave to appear and defend granted.
- Applicants directed to file written statement of defence within 14 days from delivery of ruling.
- Matter referred for mediation proceedings.
- Costs to abide the cause.
Rules and key headnotes
Legislation cited (6)
- Civil Procedure Act s.98
- Civil Procedure Rules O.36 r.3
- Civil Procedure Rules O.52 r.3
- Civil Procedure Rules O.15 r.1
- Contracts Act 2010 s.71
- Contracts (Rights of Third Parties) Act 1999 (United Kingdom)
Cases cited (14)
- Makula Interglobal Trade Agency v Bank of Uganda (HCCS No. 950 of 1985)
- Jimmy Kasule v Steel Rolling Mills [1995] HCB 11
- UCB v Mukoome Agencies [1982] HCB 22
- Marsenne (Uganda) Limited & Others v Stanbic Bank (U) Limited (HCMA No. 482 of 2014)
- George Begumisa v East African Development Bank (Misc. Application No. 451 of 2010)
- Makula Interglobal Trade Agency Ltd v Bank of Uganda [1985] HCB 65
- Abubakar Kato Kasule v Tomson Muhutezi [1992-1993] HCB 212
- Kotecha v Mohammed [2002] 1 EA 112
- Sau Vs Hakim 5 TLR 72
- Ray Vs Barker 4 Ex DJ 279
- Walusaga Daniel v Barclays Bank of Uganda Limited (Misc. Application No. 966 of 2016)
- Halal Shipping Ci. Ltd v Seanities Bremmer Allegemeine [1965] E.A 690
- Geoffrey Gatete & Anor v William Kyobe [2000] HCB 1
- Hasnani v Banque du Congo Belge [1938] 5 EACA 89
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.