Kamagero Isabirye v Barclays Bank Uganda Ltd (Miscellaneous Application No. 688 of 2018)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the applicant raised bona fide triable issues of fact regarding liability for the outstanding loan amount, particularly whether the insurance policy covering the salary loan in the event of job loss transferred liability to the insurance company. The intended written statement of defence disclosed sufficient grounds beyond a general denial to justify further inquiry on evidence. Unconditional leave to appear and defend granted.
Outcome
Applicant granted unconditional leave to appear and defend; written statement of defence to be filed within 14 days
Facts
The applicant obtained a personal salary loan of UGX 80,000,000 from the respondent bank in May 2016, repayable in 60 monthly instalments of UGX 2,490,000 at 28% per annum interest. The loan was insured. The applicant subsequently lost his job and defaulted on repayments. As at July 2018, the outstanding balance was UGX 70,198,058. The bank filed a summary suit for recovery. The applicant contended that the loan was insured and that the insurance policy covered the loan in the event of job loss, making the insurance company liable for the outstanding balance. The respondent maintained that the applicant remained personally liable despite the job loss.
Issues
- Whether the application raises triable issues to warrant the grant of leave to appear and defend the main suit.
Orders
- Application succeeds.
- Applicant granted unconditional leave to appear and defend in Civil Suit No. 653 of 2018.
- Applicant to file written statement of defence within 14 days from the date of this ruling.
- Costs of this application to abide the outcome of the suit.
Rules and key headnotes
Legislation cited (4)
Cases cited (8)
- Makula Interglobal Trade Agency Ltd v Bank of Uganda [1985] HCB 65
- Abubakar Kato Kasule v Tomson Muhwezi [1992-93] HCB 212
- Lucy Katuramu v Virunga Finances Limited (Miscellaneous Application No. 104 of 2016)
- Jonathan Bunjo v KCB (U) Ltd (Miscellaneous Application No. 174 of 2014)
- Marsenne (U) Ltd and Others v Stanbic Bank (U) Ltd (Miscellaneous Application No. 482 of 2014)
- Corporate Insurance Co. Ltd v Nyali Beach Hotel Ltd [1995-1998] EA 7
- Uganda Commercial Bank v Mukoome Agencies [1982] HCB 22
- Kotecha Vs. Mohammed
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.