Housing Finance Bank Limited v Gurindwa & Another (Civil Suit 634 of 2021)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court held that the first defendant was in default of loan repayment obligations under a valid loan facility agreement secured by land. The court rejected the plaintiff bank's fraud allegations against both defendants for failure to prove misrepresentation or intentional obstruction of the property transfer. The court awarded the plaintiff UGX 241,593,522 as outstanding loan amount plus general damages of UGX 30,000,000, but refused orders for eviction or sale of mortgaged property due to the practical impossibility of separating the building on the suit plot from the defendant's adjacent property.
Outcome
Judgment entered for the plaintiff against the first defendant for outstanding loan amount, general damages, interest, and costs. Matter proceeded ex parte against the second defendant.
Facts
The 1st defendant applied for a loan facility of UGX 160,000,000 from the plaintiff bank to purchase land comprised in Kyadondo Block 216 Plot 1934 at Buye. The 2nd defendant, the land's registered proprietor, confirmed the sale agreement and provided transfer forms and certificate of title. The plaintiff advanced the loan in April 2009. The plaintiff attempted to register a mortgage but the Registrar rejected the transfer forms because the 2nd defendant's signature on the forms did not match her signature at the land registry. The 2nd defendant refused to rectify the discrepancy despite requests. The 1st defendant defaulted on monthly loan payments from September 2016. Prior to default, the parties entered into a consent in December 2015 settling arrears of UGX 8,000,000 in a related suit by the 1st defendant's company against the plaintiff. By 2021, the outstanding loan balance was UGX 241,593,522. The 1st defendant constructed a hospital on the suit property and an adjacent plot he owned, with a single building spanning both plots.
Issues
- Whether the 1st Defendant is in default of his loan obligations
- Whether the Defendants committed fraud against the Plaintiff
- What remedies are available to the parties
Orders
- Judgment entered for the Plaintiff against the 1st Defendant.
- The Plaintiff is entitled to recover UGX 241,593,522 from the 1st Defendant.
- The Plaintiff is granted general damages of UGX 30,000,000.
- Interest of 15% awarded from the date of judgment until payment in full.
- The Plaintiff is awarded the costs of the suit.
Rules and key headnotes
Legislation cited (2)
Cases cited (9)
- William Kasozi v DFCU Bank Ltd (Civil Suit No. 1326 of 2000)
- Fredrick Zaabwe v Orient Bank Ltd and 5 Others (Supreme Court Civil Suit No. 04 of 2006)
- Kampala Bottlers Limited v Domanico (U) Ltd (Civil Appeal No. 22 of 1992)
- Adonia Tumusiime and 318 Others v Bushenyi District Local Government and Another (Civil Suit No. 32 of 2012)
- James Fredrick Nsubuga v Attorney General (Civil Suit No. 13 of 1993)
- Uganda Commercial Bank v Kigozi [2002] 1 EA 305
- Charles Acire v Myaana Engola (Civil Suit No. 143 of 1993)
- Kibimba Rice Ltd v Umar Salim (Supreme Court Civil Appeal No. 17 of 1992)
- Maruri Venkata Bhaskar Reddy v Bank of India (Uganda) Ltd (Civil Suit No. 804 of 2014)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.