Kato v Crane Bank Ltd (Miscellaneous Application 123 of 2017)
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 dismissed the application for leave to defend where the applicant, who had guaranteed a company overdraft, failed to provide evidence of payments allegedly made and conceded liability for the principal sum. The court found no triable issue had been raised and entered summary judgment for UGX 231,547,352/= with continuing contractual interest and costs.
Outcome
Summary judgment entered against the Defendant for UGX 231,547,352/= with continuing contractual interest
Facts
Ascot Associates Ltd obtained an overdraft of UGX 135,000,000/= from Crane Bank Ltd, guaranteed by Emmanuel Kato. The company defaulted on repayment and the debt accumulated to UGX 253,547,352/= including interest and penalties. Crane Bank instituted a suit and obtained summary judgment. Kato applied for leave to appear and defend, claiming that Ascot Associates had paid more than the UGX 22,000,000/= credited by the bank, but could not specify the amounts paid and provided no receipts. In his proposed defence, Kato conceded the principal debt of UGX 135,000,000/= and offered to pay it at 24% interest per annum.
Issues
- Whether the Applicant has raised a triable issue warranting leave to appear and defend the suit.
- Whether the Applicant has demonstrated a bona fide and meritorious defence to the claim for UGX 253,547,352/=.
Orders
- Application for leave to appear and defend dismissed with costs.
- Judgment entered in favour of the Plaintiff in the sum of UGX 231,547,352/=.
- The sum continues to attract interest as contractually agreed upon until payment in full.
- The Defendant to bear the costs of the suit.
Rules and key headnotes
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.