KCB Bank Uganda Limited v Yet Happy Kids Day Care And Infant School Limited (Originating Summons 5 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court Commercial Division struck out a mortgage foreclosure suit brought by Originating Summons, holding that the procedure was inappropriate where material facts were in dispute. The court found that contested issues including reconciliation of loan accounts, allegations of fraud concerning the mortgaged properties, and disputes over service of statutory notices required oral evidence and could not be resolved on affidavit evidence alone. Liberty was granted to institute a fresh suit by plaint.
Outcome
Suit struck out with liberty to re-file by plaint
Facts
On 24 May 2019, KCB Bank Uganda Limited advanced a term loan of UGX 350,000,000 to Yet Happy Kids Day Care And Infant School Limited for construction purposes and loan buy-off. The loan was secured by third-party mortgages over two properties registered in the names of the defendant's directors (Matovu Harriet Musenero, Muwonge Nassief, and Matovu Moses Ali), who executed powers of attorney and personal guarantees. The defendant serviced the loan until the COVID-19 pandemic caused school closures. In August 2021, the parties restructured the loan, consolidating principal and accrued interest into UGX 472,081,810. The defendant defaulted around September 2023. By January 2024, the plaintiff claimed arrears of UGX 615,275,283 and sought to foreclose. The defendant disputed the outstanding balance, citing payments on a declining balance basis, and raised allegations that beneficiaries of the late Matovu Hassan's estate had instituted fraud proceedings concerning the mortgaged properties. The defendant also denied receiving statutory notices of intention to enter possession or foreclose.
Issues
- Whether the suit was properly commenced by Originating Summons given the existence of disputed and complex facts
Orders
- Preliminary objection upheld.
- Suit struck out as incompetent, having been improperly commenced by Originating Summons.
- Liberty granted to the Plaintiff to institute a fresh suit by Plaint if so advised.
- Costs awarded to the Defendant.
Rules and key headnotes
Legislation cited (4)
Cases cited (2)
- Nakabugo v Serunjogi (1981) HCB 58
- Stanbic Bank Uganda Limited v Munwe Enterprises Limited and Another (Civil Suit No. 13 of 2022)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.