Francis Kayanja v Diamond Trust Bank of Uganda Ltd (High Court Miscellaneous Application No. 300 of 2008)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed an application for a temporary injunction to restrain a bank from selling mortgaged properties. The applicant failed to establish a prima facie case, having admitted in his pleadings that a substantial sum remained outstanding on the loan. The default triggered the bank's contractual right to demand immediate repayment. The applicant also failed to demonstrate irreparable injury that could not be compensated by damages. The mortgagee's right to sell secured property to recover debt due is a contractual entitlement enforceable upon default.
Outcome
Application for temporary injunction dismissed with costs to the respondent
Facts
The applicant borrowed UGX 100,000,000 from the respondent bank in April 2004, securing the loan with three properties valued over UGX 500,000,000. The loan was rescheduled in July 2006 for repayment by October 15, 2008 in four-monthly installments. The applicant defaulted on repayment. The bank issued a demand letter in May 2007 and a statutory notice of sale in June 2007. After the applicant undertook to settle but failed to do so, the bank re-advertised the properties for sale in May 2008. The applicant filed suit claiming he had paid the principal and most interest, leaving only UGX 32,413,441 outstanding. He applied for a temporary injunction to stop the sale. The bank's statement showed the applicant was indebted UGX 30,985,467 as at June 29, 2008. One of the properties comprised a school, Kireka Parents School.
Issues
- Whether the applicant has shown a prima facie case with a probability of success in the main suit.
- Whether the applicant would suffer irreparable injury which would not adequately be compensated by an award of damages if the temporary injunction is not granted.
- Whether, if the court is in doubt on the first two issues, the balance of convenience favours granting the temporary injunction.
Orders
- Application dismissed.
- Costs awarded to the respondent.
Rules and key headnotes
Legislation cited (3)
Cases cited (9)
- Geilla v Cassman Brown & Co Ltd (1975) EA 358
- Kiyimba Kagwa v Haji Abdu Nasser Katende (1986) HCB 43
- Noomohamed Jamamohamed v Kasamali Virji Nadhain (1953) 29 EACA 8
- Erison Rainbow Musoke v Ahamed Kezeraha (1987) HCB 81
- Robert Kauma v Hotel International (Supreme Court Civil Appeal No. 8 of 1990)
- Muhamed Yakim v Abdu Khamis (High Court Civil Suit No. 217 of 1994)
- Tonny Waswa v Joseph Kakoba (1987) HCD 85
- Napro Industries Ltd v Five Star Industries Ltd & Anor (High Court Miscellaneous Application No. 773 of 2004)
- Kiyimba Kagwa v Haji Nassar Katende (1988) HCB 43
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.