Geomax Engineering Limited & Another v Stanbic Bank Uganda Limited (Miscellaneous Application 2520 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court struck off the application for leave to defend because the supporting affidavit was not commissioned, rendering the application incompetent. However, the court found triable issues in the main summary suit because the bank failed to produce bank statements corroborating the claimed loan arrears. Exercising its duty to ensure summary procedure is only used for appropriate cases, the court granted conditional leave to defend subject to payment of UGX 170,000,000 (approximately 5% of the claimed debt) as a compromise balancing both parties' interests pending trial.
Outcome
Application struck off for want of proper affidavit; applicants granted conditional leave to defend the main suit subject to payment of UGX 170,000,000 within 45 days
Facts
Between 2018 and 2019, the first applicant (Geomax Engineering Limited) entered into loan facility agreements with the respondent bank (Stanbic Bank Uganda Limited) secured by mortgages, debentures, and personal guarantees including that of the second applicant (Nabaya Silver). The loans were to finance bid bonds, performance guarantees, and construction contracts in eastern Uganda. The bank filed a summary suit claiming loan arrears of UGX 3,407,381,713 as at December 2022. The applicants applied for unconditional leave to defend, contending that not all loan sums were disbursed as agreed, that the bank had recovered substantial sums from securities without disclosure, that some contracts were frustrated by the bank's refusal to extend performance guarantees, and that a forensic audit would show they were not indebted. The supporting affidavit was not commissioned by a commissioner for oaths.
Issues
- Whether the application for leave to appear and defend was competent.
- Whether there was any triable issue in Civil Suit No. 1154 of 2023 warranting conditional leave to defend.
Orders
- This application is hereby struck off the Court record.
- The Applicants are granted leave to appear and defend Civil Suit No. 1154 of 2023 on condition that they pay the sum of UGX 170,000,000 to the Respondent within 45 (forty-five) days from the date of this order.
- The Applicants shall file their written statement(s) of defence in Civil Suit No. 1154 of 2023 within 7 (seven) days from the date of satisfying the payment condition.
- Costs of this application shall abide by the outcome of Civil Suit No. 1154 of 2023.
Rules and key headnotes
Legislation cited (4)
Cases cited (4)
- EAA Company Limited v Uganda National Bureau of Standards (HC Consolidated Miscellaneous Applications No. 965 and 1009 of 2023)
- Post Bank (U) Ltd v Abdu Ssozi (Supreme Court Civil Appeal No. 08 of 2015)
- Negalambire Faruku & 2 Others v Woira Brian (High Court Miscellaneous Application No. 1145 of 2020)
- Maluku Interglobal Trade Agency v Bank of Uganda [1985] HCB 65
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.