Kalenzi and Others v Verjee and Another (MISC. APPLICATION NO. 897 OF 2000)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Receivers appointed by a legal mortgagee hold attached property on behalf of the mortgagee, not the judgment debtor, and such property is not liable to attachment in execution of a judgment against the debtor company. The court allowed the application and ordered release of property from attachment where receivers took possession on behalf of East African Development Bank as debenture holders prior to the attachment.
Outcome
Property released from attachment
Facts
The applicants were appointed as receivers and managers by East African Development Bank on 30 May 2000 and took possession of all movable and immovable properties of Clovergen Fish and Foods Ltd. On 5 July 2000, court bailiffs and policemen occupied the premises in execution of orders of attachment and sale in satisfaction of a decree obtained by the respondents. The respondents argued that when the decree was filed for execution on 8 June 2000 at the Registrar of Companies, there was no notification of the appointment of receivers. The applicants brought this application under Order 19 rules 55, 56, 57 and 89 of the Civil Procedure Rules seeking release of the property from attachment on grounds that the properties were in their hands as receivers for the benefit of East African Development Bank as debenture holders.
Issues
- Whether the movable and immovable properties attached in execution were not liable to attachment on the ground that they were in the possession of the applicants as Receivers and Managers for the benefit of East African Development Bank as debenture holders.
- Whether the applicants as receivers held the attached property on their own account or in trust for the judgment debtor.
Orders
- Application allowed.
- The movable and immovable properties of the judgment debtor be released from attachment.
- The costs of the application be provided for by the respondents.
Rules and key headnotes
Legislation cited (4)
- Civil Procedure Rules O.19 r.55
- Civil Procedure Rules O.19 r.56
- Civil Procedure Rules O.19 r.57
- Civil Procedure Rules O.19 r.89
Cases cited (2)
- Herilal & Co v Buganda Industries Ltd [1960] EA 318
- Transafrica Assurance Co Ltd v National Social Security Fund (Civil Appeal No. 1 of 1999)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.