Wakilii

Investment Finance Company Limited v Cairo International Bank Limited and Others (Miscellaneous Application No. 597 of 2026)

High Court · [2026] UGCOMMC 289 · 2026 Application Granted AI-generated summary ↓ Download Pin to watchlist Add to matter
Jurisdiction
Uganda
Case Type
Ex parte application for release of execution proceeds deposited in court
Decision
Funds released to judgment creditor's attorneys

Observed later treatment

No later-treatment classification is recorded for this judgment.

Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.

AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.

Holding

The court granted an ex parte application for release of execution proceeds. Where property of a judgment debtor has been attached, sold in execution of a decree, and the proceeds deposited with the court, the judgment creditor is entitled to have those funds remitted to their attorneys' account upon establishing the procedural requirements.

Outcome

Funds released to judgment creditor's attorneys

Facts

The applicant was a judgment creditor in Civil Suit No. 416 of 2024. It commenced execution proceedings by way of attachment through Execution Miscellaneous Application No. 73 of 2023. Court-appointed bailiffs identified and attached property belonging to the judgment debtor in satisfaction of the decree. The property was subsequently sold and the proceeds amounting to Uganda Shillings 235,000,000/= were handed over to the judgment creditor's advocates, who deposited the same with the Registrar of the court. The applicant then brought this ex parte application seeking orders for the deposited funds to be remitted to its attorneys' account.

Issues

  1. Whether the funds deposited in court following execution of a decree should be released to the judgment creditor's attorneys.

Orders

  • Application granted.
  • The sum of Uganda Shillings 235,000,000/= deposited on High Court account No. 003010088000012 held with Bank of Uganda be remitted to the applicant's lawful attorneys' account No. 10000477 held with ABC Bank.
  • No orders as to costs.

Legislation cited (9)

  • Judicature Act s.33
  • Civil Procedure Act s.98
  • Civil Procedure Rules O.22 r.19
  • Civil Procedure Rules O.22 r.20
  • Civil Procedure Rules O.22 r.27
  • Civil Procedure Rules O.22 r.32
  • Civil Procedure Rules O.22 r.35
  • Civil Procedure Rules O.22 r.51
  • Civil Procedure Rules O.22 r.63

Full judgment

↓ Download PDF

The original judgment as reported. Read the original PDF before relying on any passage.

Investment Finance Company Limited v Cairo International Bank Limited and Others (Miscellaneous Application No. 597 of 2026) [2026] UGCommC 289 (4 June 2026)
Source: this page presents Wakilii’s issue analysis and metadata for a publicly reported Ugandan judgment. Any AI-generated summary is marked as such. Judgment text is sourced from the Uganda Legal Information Institute (ulii.org). Wakilii is not affiliated with ULII.