DFCU Bank (U) Ltd v N.N Hardware (U) Ltd & Anor (HCT-04-CV- MA- 0224 OF 2016)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
A lessor's property cannot be attached to satisfy a lessee's debt. Where leased equipment is attached in execution against a lessee, the lessor has a right to object under Order 40 Rule 8 of the Civil Procedure Rules. The court held that vehicles held under a valid lease agreement remain the property of the lessor during the lease term and are not liable to attachment for the lessee's debts, notwithstanding the lessee's constructive possession. The objection was granted and the vehicles were released from attachment.
Outcome
Motor vehicles released from attachment; objector's interest in the vehicles upheld
Facts
The judgment creditor, N.N Hardware (U) Ltd, obtained a decree against Zeyne Enterprises Ltd (judgment debtor) for UGX 145,227,500. In execution, the court ordered attachment of five motor vehicles (Tata trucks) in the judgment debtor's possession. DFCU Bank (U) Ltd filed objector proceedings, claiming ownership of the vehicles under a Master Lease Agreement dated 20 August 2014, with a 48-month lease term. Under the agreement, DFCU Bank leased the vehicles to Zeyne Enterprises but retained ownership throughout the lease period. DFCU Bank held the registration books and sought release of the vehicles from attachment. The judgment creditor opposed, arguing the vehicles were in the judgment debtor's constructive possession and questioning the validity of the lease agreement.
Issues
- Whether the attached motor vehicles were the property of the judgment debtor and liable to attachment.
- Whether the objector/applicant had a legal interest in the attached motor vehicles sufficient to prevent their attachment.
- Whether a lessee's possession of leased equipment renders such equipment liable to attachment for the lessee's debts.
Orders
- Application granted.
- Motor vehicles Registration Nos UAU 166G, UAU 071G, UAU 077G, UAY 706S, and UAU 078G released from attachment.
- Each party to bear its own costs.
Rules and key headnotes
Legislation cited (4)
- Civil Procedure Rules O.40 R.8
- Civil Procedure Rules O.22 R.55
- Civil Procedure Rules O.22 R.57
- Companies Act s.50
Cases cited (5)
- Kisambira Sentamu Ismail v Elima Elukana and Another (HCB Vol. 1 of 2006)
- Moses Kamya v Sam Lukwago and 2 Others (Misc. Application No. 271 of 2010)
- Rev. Ezra Bikangiso v New Makerere Kobil Station (Misc. Application No. 10 of 2010)
- Abby Mugimu v Basa Basa [1991] ULSLR 191
- Kintu v Kyotera Coffee Growers (HCB Vol. 336 of 1976)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.