Norasa Technical Services Ltd and Others v Centenary Rural Development Bank (Miscellaneous Application No. 1443 of 2024)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court granted the applicants unconditional leave to appear and defend a summary suit for loan recovery. The applicants demonstrated a bona fide triable issue regarding the amount claimed, specifically a dispute over whether payments made reduced the debt and how interest was calculated. The court held that where there is a dispute as to the amount claimed which requires taking an account to determine, the applicant is entitled to leave to defend.
Outcome
Applicants granted leave to appear and defend the underlying summary suit
Facts
The respondent bank filed a summary suit against the applicants for recovery of UGX 307,118,763 being outstanding loan debt plus contractual interest at 21.5% per annum. The loan was advanced to the first applicant for financing a contract for rehabilitation of district and community roads in Adjumani district. The second and third applicants provided personal guarantees. The respondent claimed the first applicant defaulted on repayment. The applicants disputed the amount claimed, arguing they had paid UGX 350,000,000 towards principal and interest. The respondent contended that two loan facilities totaling UGX 600,000,000 were issued, and that at the time of the second facility the first applicant was already indebted to the tune of UGX 321,802,581. The applicants sought leave to appear and defend the summary suit.
Issues
- Whether the applicants have disclosed a triable issue of fact or law thereby entitling them to a grant of leave to appear and defend Civil Suit No. 0669 of 2024.
Orders
- The applicant is granted leave to appear and defend Civil Suit No. 0669 of 2024.
- The applicant shall file their defence and serve it on the respondent/plaintiff within fourteen days from the date of this ruling.
- The costs of this application will abide the results of the suit.
Rules and key headnotes
Legislation cited (3)
Cases cited (4)
- M.M.K Engineering v Mantrust Uganda Ltd (Miscellaneous Application No. 128 of 2012)
- Bhaker Kotecha v Adam Muhammed [2002] 1 EA 112
- Maluku Interglobal Trade Agency v Bank of Uganda [1985] HCB 65
- Makula Interglobal Trade Agency v Bank of Uganda [1985] HCB 65
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.