Lweza Clays Limited and Another v Tropical Bank Limited and Another (Miscellaneous Application 625 of 2008)
Observed later treatment
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Holding
The court dismissed the application for a temporary injunction restraining the respondents from selling mortgaged property and from acting as receiver. While the applicants established a prima facie case, they failed to demonstrate irreparable harm, as damages would adequately compensate any loss from wrongful sale of commercial property mortgaged as loan security. The balance of convenience favoured the respondents' right to recover a loan outstanding for over ten years, particularly where the receivership had been terminated and caveats were already in place protecting the applicants' interests.
Outcome
Application for temporary injunction dismissed; underlying suit to proceed to trial de novo
Facts
In February and August 2007, the applicants borrowed UGX 1,450,000,000 and UGX 400,000,000 respectively from Tropical Bank, secured by multiple mortgages and debentures over land and business assets. Upon default, the bank appointed a receiver/manager. The applicants filed suit challenging the validity of the securities. The suit was initially dismissed summarily in September 2009, but the Court of Appeal reversed that decision and ordered a trial de novo. The Supreme Court upheld the Court of Appeal's decision in December 2021, reinstating the suit. During the 14-year period, some of the mortgaged properties were sold. The applicants sought a temporary injunction to restrain further sales and the receiver's actions pending final disposal of the suit. The applicants had lodged caveats on the remaining land titles and the receivership had been terminated by court order.
Issues
- Whether the applicants have established a prima facie case with a probability of success.
- Whether the applicants will suffer irreparable harm if the temporary injunction is not granted.
- Whether the balance of convenience favours granting the temporary injunction.
Orders
- Application dismissed.
- Costs in the cause.
Rules and key headnotes
Legislation cited (5)
- Civil Procedure Act s.98
- Civil Procedure Rules O.41 r.1
- Civil Procedure Rules O.41 r.2
- Civil Procedure Rules O.41 r.9
- Insolvency Act s.181(3)
Cases cited (9)
- E.A. Industries v Trufoods [1972] EA 420
- Fellowes and Son v Fisher [1976] 1 QB 122
- American Cyanamid Co v Ethicon Limited [1975] AC 396
- Geilla v Cassman Brown Co Ltd [1973] EA 358
- GAPCO Uganda Limited v Kaweesa and Another (Miscellaneous Application No. 259 of 2013)
- American Cyanamid v Ethicon [1975] AC 396
- Godfrey Sekitoleko and Four Others v Seezi Peter Mutabazi and Two Others [2001-2005] HCB 80
- Nsubuga and Another v Mutawe [1974] EA 487
- City Council of Kampala v Donozio Musisi Sekyaya (Civil Application No. 3 of 2000)
Cases citing this judgment (1)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.