Morjaria Maheshwery Purshotam v Stanbic Bank Uganda Limited (Miscellaneous Application 191 of 2022)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the application for a temporary injunction restraining the mortgagee bank from selling mortgaged property. Held that Regulation 13 of the Mortgage Regulations 2012 requires a mortgagor seeking to stop or adjourn a sale to deposit 30% of the forced sale value or outstanding amount as a mandatory precondition. This statutory requirement overrides the traditional considerations for granting temporary injunctions. The court exercised its inherent jurisdiction to set aside an earlier interim order granted by the Registrar without imposing this condition. The applicant failed to establish a prima facie case, irreparable harm, or that the balance of convenience favoured her.
Outcome
Application dismissed; interim injunction previously granted by Registrar set aside
Facts
The applicant borrowed UGX 30 billion from the respondent bank in November 2020, securing the loan with six mortgaged properties. She defaulted after paying only one instalment, citing adverse effects of Covid-19 pandemic measures on her real estate business. The respondent obtained a foreclosure order on 6 December 2021 in Miscellaneous Cause No. 87 of 2021 for recovery of UGX 28,319,665,848. The applicant was ordered to deliver vacant possession but refused. She made some payments totalling UGX 1.3 billion, USD 400,000 and USD 360,000. The respondent advertised the remaining properties for sale on 1 February 2022. The applicant then filed Civil Suit No. 125 of 2022 challenging the sale and sought a temporary injunction to stop it. The Registrar granted an interim injunction, which the respondent sought to have reviewed.
Issues
- Whether the court should grant a temporary injunction restraining the respondent from selling mortgaged property pending determination of the underlying suit.
- Whether the applicant was required to deposit 30% of the forced sale value or outstanding amount as a precondition to the grant of a temporary injunction under Regulation 13 of the Mortgage Regulations 2012.
- Whether the court should exercise its inherent jurisdiction to review and set aside an interim injunction order granted by the Registrar.
- Whether the applicant established a prima facie case with probability of success.
- Whether the applicant would suffer irreparable injury if the injunction were not granted.
- Whether the balance of convenience favoured the applicant or the respondent.
Orders
- The ex-parte interim order issued on 2nd March 2022 and extended on 4th March 2022 is vacated.
- The application for a temporary injunction is dismissed.
- Costs awarded to the respondent.
Rules and key headnotes
Legislation cited (12)
- Judicature Act s.33
- Civil Procedure Act s.98
- Mortgage Act s.33
- Civil Procedure Rules Order 41 r.1
- Civil Procedure Rules Order 41 r.52
- Civil Procedure Rules Order 41 r.9
- Civil Procedure Rules Order 46 r.1(1)(b)
- Mortgage Act 2009 s.41(1)
- Mortgage Regulations 2012 Regulation 13
- Mortgage Regulations 2012 Regulation 13(1)
- Mortgage Regulations 2012 Regulation 13(6)
- Mortgage Regulations 2012 Regulation 11(2)
Cases cited (21)
- Haji Edirisa Kasule and another v Housing Finance Bank Ltd and two others (Miscellaneous Application No. 667 of 2013)
- Guaranty Trust Bank (U) Ltd v Ankole Riverline Hotel Ltd (Civil Appeal No. 28 of 2014)
- Paunocks Enterprises Ltd and others v Stanbic Bank (U) Ltd (Miscellaneous Application No. 1113 of 2014)
- Willis International Engineering and Contractors Ltd and another v DFCU Bank (Miscellaneous Application No. 1000 of 2015)
- Miao Huaxian v Crane Bank Limited and another (Miscellaneous Application No. 935 of 2015)
- Ganafa Peter Kisawuzi v DFCU Bank Ltd (Civil Application No. 64 of 2016)
- Warburton v. Loveland, (1824-34) All ER Rep 589
- Escoigne Properties Ltd v. Inland Revenue Commissioners [1958] 1 All ER 406 (BL) at 414D
- River Wear Comrs v. Adamson ((1877) 2 App Cas 743 at 763-5
- Eastman Photographic Materials Co v. Comptroller-General of Patents [ 1898] AC 571 at 575, 576
- Heydon's case (1584) 3 Co. Rep. 7a
- Whitney v. Commissioner of Inland Revenue [1926] AC 37
- E.A. Industries v. Trufoods, [1972] E.A. 420
- Fellowes and Son v. Fisher [1976] I QB 122
- American Cyanamid Co v. Ethicon Limited [1975] AC 396
- Geilla v Cassman Brown Co. Ltd [1973] E.A. 358
- GAPCO Uganda Limited v Kaweesa and another (Miscellaneous Application No. 259 of 2013)
- American Cyanamid v. Ethicon [1975] AC 396; [1975] ALL ER 504
- Godfrey Sekitoleko and four others v. Seezi Peter Mutabazi and two others, [2001 -2005] HCB 80
- Nsubuga and another v. Mutawe [1974] E.A 487
- City Council of Kampala v Donozio Musisi Sekyaya (Civil Application No. 3 of 2000)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.