Mohammad Razi v Commercial Bank of Africa and Another (Miscellaneous Application No. 264 of 2022)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the objector's application and set aside the transfer of property from the judgment debtor to the objector as void against creditors. The transfer bore multiple badges of fraud: it was made shortly after a consent decree was entered, the instrument of transfer remained unregistered three and a half years later, the judgment debtor remained in physical possession, the transaction was between business associates rather than at arm's length, and the mortgage release was never registered. The court held that the transaction was a scheme to circumvent the judgment debtor's civil liability and to delay, hinder or defraud creditors.
Outcome
Property transfer set aside as fraudulent conveyance; property remains liable to attachment and sale in execution
Facts
The judgment creditor obtained a consent decree against the judgment debtor on 13 November 2018 in Civil Suit No. 973 of 2016. On 31 December 2018, the judgment debtor purportedly sold three properties to the objector, a business associate, for US$1,670,000. The objector claimed to have transferred US$1,599,990.80 to the judgment debtor on 4 January 2019. The instrument of transfer was executed on 31 December 2018 but was never registered. Standard Chartered Bank issued a mortgage release on 28 January 2019, but this too was never registered and the mortgage remained on the title. The judgment debtor remained in physical possession of the property. The judgment creditor filed for execution on 12 April 2019 and attached the property on 28 April 2021. The objector filed the present application on 23 May 2022 claiming ownership. The objector claimed he was in Pakistan when the attachment occurred and only returned to Uganda in February 2022.
Issues
- Whether the property attached in execution was in the possession of the judgment debtor or in the possession of the objector on account of or in trust for the judgment debtor.
- Whether the transfer of the property from the judgment debtor to the objector was a fraudulent conveyance made with intent to delay or defeat creditors.
Orders
- The transfer of the property by the judgment debtor to the objector is set aside as void as against the respondent and other creditors.
- The property is liable to attachment and sale being the property of the judgment debtor.
- The application is dismissed with costs to the respondent.
Rules and key headnotes
Legislation cited (2)
Cases cited (8)
- Khakale E t/a New Elgon Textiles v Banyamini W (in the matter of Mugunjo) [1976] HCB 31
- Kasozi Ddamba v M/s Male Construction Service Co [1981] HCB 26
- Attorney General v Twyne and Pearce (1601) 76 ER 809
- Partridge v Gopp (1758) 28 ER 647
- Bank of Montreal v Vandine (1953) 1 DLR 456
- Prodigy Graphics Group Inc v Fitz-Andrews (2000) OJ No 1203
- Ferguson v Lastewka (1946) OR 577
- Evans v Trude 193 Or 648 (1952)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.