GT Bank Ltd v Richline International Ltd & Anor (HC OS 10 of 2014)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court declined to grant foreclosure and sale of mortgaged property under an originating summons procedure where material facts were contested. The court held that the Plaintiff's demand notice did not comply with s.19(3) Mortgage Act as it gave 5 days not the prescribed 45 days and was not in the prescribed form. The court found the bank statement evidence controversial regarding the alleged write-off and indebtedness. The court directed that the suit proceed as an ordinary suit with viva voce evidence rather than be disposed of in summary manner.
Outcome
Matter converted from originating summons to ordinary suit for viva voce hearing
Facts
The first Defendant obtained a loan facility of UGX 100,000,000 and an overdraft facility of UGX 80,000,000 from the Plaintiff bank, secured by a legal mortgage and further charge over land registered in the name of the second Defendant. The Plaintiff alleged default since January 2013 with outstanding debt of UGX 290,921,763 as of 31 May 2014. The Plaintiff issued demand notices and notices of sale, then commenced foreclosure proceedings by originating summons. The Defendants contended they were never served with demand notices and that the bank had written off the loan. They relied on a bank statement showing "write off" entries dated 29 December 2012 totaling UGX 94,543,941. The Plaintiff's demand notice gave 5 days to remedy default, not the 45 days prescribed by the Mortgage Act.
Issues
- Whether the Plaintiff as the legal mortgagee is entitled to foreclose and sell the mortgaged property to recover the entire amount due to it in respect of the principal amounts, interest, costs and all other charges related arising from the first Respondent's loan.
- Whether the mortgagee is entitled to sell the property by private treaty or public auction.
- Whether the Plaintiff/mortgagee is entitled to vacant possession of the property and if so, whether the Plaintiff/mortgagee is entitled to evict the second Respondent and his tenants from the property and hand over vacant possession thereof to a purchaser for value.
- Whether the Plaintiff should be granted costs of the suit.
Orders
- The suit will not be disposed of in a summary manner.
- The parties shall appear for hearing of the suit as an ordinary suit.
- The suit is fixed for a scheduling conference to consider any need of amendment and to fix it for hearing viva voce.
- Costs of the originating summons incurred thus far are costs in the cause.
Rules and key headnotes
Legislation cited (11)
- Civil Procedure Rules Order 37 rule 4
- Civil Procedure Rules Order 37 rule 10
- Civil Procedure Rules Order 37 rule 11
- Mortgage Act 2009 s.19
- Mortgage Act 2009 s.19(1)
- Mortgage Act 2009 s.19(2)
- Mortgage Act 2009 s.19(3)
- Mortgage Act 2009 s.20
- Mortgage Act 2009 s.20(e)
- Mortgage Act 2009 s.26
- Civil Procedure Act s.27(2)
Cases cited (6)
- Global Trust Bank v Frank Mugisha (HCCS 005 of 2012)
- Commercial Micro Finance Ltd v Dovis Edgar Kayondo (HCCS 2012 of 2006)
- SDV TRANSAMI (U) Ltd versus Nsibambi Enterprises (2008) HCB at page 94
- Esso Petroleum Co Ltd v UCB (SCCA 14 of 1992)
- Mobil (U) Ltd versus UCB (1982) HCB 64
- Kulsumbai Gulamhussein Jaffer Ramji v Abdulhussein Jaffer Mohamed Rahim [1957] 1 EA 699
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.