KCB Bank Uganda Limited v Jasco Enterprises Limited & 2 Others (Miscellaneous Application 38 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that a temporary injunction that restrains a bank from recalling a loan alters the status quo where the bank had already issued loan recall notices and filed suit for recovery before the injunction application was made. The grant of the injunction was overtaken by events and improperly reversed the existing state of affairs. The appeal was allowed and the Registrar's decision granting temporary injunction was set aside.
Outcome
Registrar's order granting temporary injunction set aside; applicant bank may proceed with loan recall
Facts
KCB Bank Uganda Limited advanced UGX 2,400,000,000 to Jasco Enterprises Limited for the purchase of property comprised in LRV 4014 Folio 25 Plot 39 Adumi Road and LRV 3230 Folio 22 Plot 41 Adumi Road, Arua. Upon advancing the loan, the bank discovered that the property titles were encumbered with orders of attachment and an order to maintain status quo, making it impossible to register its mortgage. The bank issued demand notices and recalled the loan, filing Civil Suit No. 993 of 2022 at the Commercial Division. Jasco Enterprises filed Civil Suit No. 024 of 2022 against the bank and others for breach of contract, specific performance, trespass, and other reliefs. Jasco then filed Miscellaneous Application No. 082 of 2022 seeking a temporary injunction restraining the bank from collecting repayment until disposal of the main suit. On 31 March 2023, the Registrar granted the injunction. The bank appealed under Order 50 Rule 8 CPR seeking to set aside the Registrar's decision.
Issues
- Whether the orders of the learned Registrar made on 31 March 2023 can be set aside.
Orders
- Appeal allowed.
- The decision of the learned Registrar dated 31 March 2023 granting temporary injunction is set aside.
- No order as to costs.
Rules and key headnotes
Legislation cited (7)
Cases cited (2)
- Ndema Emanzi Rukandema v Mubiru Henry (Miscellaneous Application No. 225 of 2013)
- Legal Brains Trust Ltd v Attorney General (High Court Miscellaneous Application No. 638 of 2014)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.