Dada Isaac v Koboko United Co-operative Savings & Credit Limited (Miscellaneous Application No. 9 of 2025)
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
Held that a guarantor who voluntarily executed a guarantee agreement and undertook to repay a loan in full upon the principal debtor's default cannot rely on bare allegations of fraud and misrepresentation without pleading specific facts supported by evidence. The applicant failed to disclose triable issues warranting leave to defend. Application dismissed with costs and judgment entered for the respondent in the underlying summary suit.
Outcome
Application dismissed; judgment entered for respondent against applicant and 1st defendant in underlying summary suit
Facts
On 17 July 2023, the 1st Defendant obtained a loan of UGX 80,000,000 from the Respondent, secured by a motor vehicle and land title, and personally guaranteed by the Applicant. The loan attracted 2% interest per annum payable in eight monthly instalments, with a 5% monthly penalty on default. On 17 March 2024, the Applicant guaranteed to pay the loan, which by then stood at UGX 92,800,000. The 1st Defendant defaulted and the loan grew to UGX 127,134,000. The Respondent filed a summary suit against both the 1st Defendant and the Applicant as guarantor. The Applicant applied for leave to appear and defend, alleging fraud, misrepresentation, conspiracy, inadequate security value, and lack of notice of default.
Issues
- Whether there are sufficient grounds to grant the application for leave to appear and defend the summary suit.
- What remedies are available for the parties.
Orders
- Application for leave to appear and defend dismissed with costs to the Respondent.
- Judgment entered for the Respondent against the Applicant and 1st Defendant in Civil Suit No. 0005 of 2025.
Rules and key headnotes
Legislation cited (6)
Cases cited (5)
- Maluku Interglobal Trade Agency v Bank of Uganda [1985] HCB 65
- VS Hydro Uganda Ltd & 3 Ors v UAP Old Mutual Insurance Uganda Ltd (HCMA No. 2493 of 2023)
- Corporate Insurance Co. Ltd v Nyali Beach Hotel Ltd [1995-1998] EA 7
- Paul Kasagga and Anor v Barclays Bank (U) Ltd (MA No. 113 of 2008)
- Imaging The World Africa (ITWA) Ltd v Juliet Nagawa Luggya T/A Nagawa Luggya & Co. Advocates (HCMA No. 111 of 2023)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.