Lubega Fazil and Others v Uganda Central Cooperative Financial Services Limited (Miscellaneous Application No. 1331 of 2022)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the applicants as guarantors raised triable issues warranting unconditional leave to defend. The question of whether there was default by the principal debtor could not be conclusively determined without evidence of compliance with Mortgage Act 2009 s.19 notice requirements. The respondent's seven-day demand notice did not conform to the statutory requirement of 45 days' notice to rectify default. Since a guarantor's liability under Contracts Act 2010 s.71(2) arises only upon default by the principal debtor, the issue of default was triable and merited investigation through trial. The action could not be commenced until proper notice under Mortgage Act 2009 s.21(2) had been given and the time for compliance had expired.
Outcome
Applicants granted unconditional leave to appear and defend the summary suit
Facts
Mubende Boda Boda Transporters SACCO obtained a UGX 30,000,000 loan from the respondent on 18 September 2018, repayable within 12 months. The applicants entered into loan guarantor agreements as guarantors. The loan was secured by land valued at approximately UGX 100,000,000. The respondent alleged default leaving UGX 30,000,000 principal outstanding plus interest and penalties totalling UGX 63,577,500 as at 11 August 2022. The respondent instituted summary suit against the SACCO and the applicants as guarantors. On 20 August 2020, the respondent's lawyers sent a demand notice to the SACCO requiring payment within seven days and threatening foreclosure. The applicants applied for leave to defend, arguing the suit was premature because no proper recovery process had been taken against the principal debtor, who remained in existence, and the respondent held sufficient collateral to recover the debt.
Issues
- Whether the Applicants have raised a bonafide defence or triable issues warranting the grant of unconditional leave to appear and defend the main suit.
Orders
- The Applicants are granted unconditional leave to appear and defend Civil Suit No. 0709 of 2022.
- The Applicants shall file a Written Statement of Defence within 15 days from the date of this ruling.
- The costs of this application shall abide the final outcome of the main suit.
Rules and key headnotes
Legislation cited (6)
Cases cited (4)
- Anita Among v Ndagiro Innocent Ndaaga (Miscellaneous Cause No. 972 of 2013)
- Kotecha v Mohammed (2002) 1 EA 1121
- Maluku Interglobal Trade Agency v Bank of Uganda (1985) HCB 65
- Yabo Microfinance Ltd v Kafuzi & 2 Others (Civil Suit No. 228 of 2016)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.