Diamond Trust Bank (U) Ltd v Semakula & Anor (Originating Summons 1 of 2019)
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
A bank that advanced credit facilities totalling UGX 2,000,000,000 secured by mortgage is entitled to vacant possession where the borrower defaulted, the bank served the requisite notices under the Mortgage Act 2009 sections 19 and 26, and the defendants failed to respond or remedy the default. The mortgagee's compliance with statutory notice requirements under the Mortgage Act entitles it to enforce the security.
Outcome
Defendants ordered to hand over vacant possession of the mortgaged properties to the Plaintiff
Facts
The Defendants were customers of the Plaintiff bank and obtained credit facilities totalling UGX 2,000,000,000 on 20 June 2016. The facility comprised UGX 1,500,000,000 and UGX 500,000,000, repayable within 48 months. The loan was secured by mortgage over Kyadondo Block 267 Plot 274 and Kyadondo Block 267 Plot 431 at Lweza Mengo. The first Defendant signed the mortgage and both the first Defendant and his spouse signed personal guarantees. On 14 March 2017 the first Defendant acknowledged the indebtedness and sought a grace period. When the Defendants failed to service the loan, the Plaintiff served a Notice of Default dated 10 April 2018 pursuant to sections 19(2), 19(3) and 19(4) of the Mortgage Act 2009. Receiving no response, the Plaintiff served a Notice of Sale of Mortgaged Property dated 20 June 2018 pursuant to section 26 of the Mortgage Act 2009. The Defendants took no steps to remedy the default. The Plaintiff sought vacant possession to enable it to sell the properties and recover the outstanding debt.
Issues
- Whether the plaintiff/mortgagee is entitled to vacant possession of properties comprised in Kyadondo Block 267 Plot 274 and Kyadondo Block 267 Plot 431 at Lweza Mengo.
Orders
- The Defendants are ordered to hand over to the Plaintiff vacant possession of the property comprised in Kyadondo Block 267 Plot 274 and Kyadondo Block 267 Plot 431 at Lweza Mengo.
- The Defendants are to pay the costs of the suit.
Rules and key headnotes
Legislation cited (4)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.