Nshimwe & Co Advocates v Microcare Insurance Limited & Insurance Regulatory Authority of Uganda (Miscellaneous Cause No. 17 of 2014)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that a security deposit held by the Insurance Regulatory Authority under section 7 of the Insurance Act constitutes an asset of the insurer judgment debtor and is attachable by garnishee order. The garnishee was indebted to the judgment debtor in respect of funds held as security deposit. The subsequent filing of a winding up petition after the court overruled the garnishee's preliminary point was an abuse of process and could not prevent issuance of a garnishee order absolute.
Outcome
Garnishee order absolute granted; security deposit attached to satisfy unsatisfied decree of UGX 110,000,000
Facts
The applicant obtained a consent judgment for UGX 110,000,000 against Microcare Insurance Limited in respect of an advocate's bill of costs filed on 10 April 2014. When the judgment debtor failed to pay, the judgment creditor applied for a garnishee order to attach funds held by the Insurance Regulatory Authority of Uganda. The garnishee admitted holding UGX 145,723,000 as a security deposit belonging to the judgment debtor but denied liability, claiming the funds were held in trust and subject to statutory restrictions under the Insurance Act. An order nisi was issued on 16 April 2014. After the court overruled the garnishee's preliminary point on 16 May 2014, a winding up petition was filed against the judgment debtor on 21 May 2014.
Issues
- Whether the Garnishee is indebted to the Judgment Debtor.
- Whether a Garnishee Order absolute should be issued against the Garnishee.
Orders
- Garnishee Order absolute issued.
- Judgment Debtor's asset in the form of security deposit in possession of the Garnishee to be attached and paid out in settlement of Applicant's unsatisfied Decree.
- Costs of this Application awarded to the Applicant.
Rules and key headnotes
Legislation cited (7)
Cases cited (2)
- Samwiri Massa v Rose Achieng [1978] HCB 297
- DFCU Ltd v Begmohamed Ltd (Court of Appeal Civil Application No. 65 of 2005)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.