International Credit Bank (In Liquidation) v Happy James Tumwebaze Kwerija (HCT-00-CC-CS 30 of 2006)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the suit for recovery of a restructured loan repayable within four months from 25 November 1997 was time barred when filed on 17 January 2006, more than six years after the cause of action accrued on 25 February 1998. The plaint was rejected under Order 7 rule 11(d) of the Civil Procedure Rules as no exemption from the limitation period was pleaded.
Outcome
Suit dismissed on preliminary objection
Facts
The plaintiff bank granted the defendant an overdraft facility of Shs 7,500,000 on 24 April 1997, repayable within six months. The defendant applied for an extension on 23 October 1997. By letter dated 25 November 1997, the defendant acknowledged that the facility had been restructured into a loan repayable in four months. The four-month period expired on 25 February 1998. The plaintiff filed suit on 17 January 2006 seeking to recover Shs 13,193,044 being the loan plus interest. The defendant raised a preliminary objection that the suit was time barred.
Issues
- Whether the suit was time barred under section 3(1)(a) of the Limitation Act.
- Whether the plaint should be rejected under Order 7 rule 11(d) of the Civil Procedure Rules.
Orders
- Plaint rejected.
- Suit dismissed with costs to the defendant.
Rules and key headnotes
Legislation cited (3)
Cases cited (3)
- Eridadi Otabong Waimo v Attorney General (Supreme Court Civil Appeal No. 6 of 1990)
- Iga v Makerere University (1972) EA 65
- Uganda Revenue Authority v Uganda Consolidated Properties Ltd (1997-2001) UCL 149
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.