Otubeny v Housing Finance Bank & Anor (Misc. Application No.462 of 2015)
Observed later treatment
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Holding
Held that where a mortgagor seeks to stop or adjourn a mortgage sale, the Mortgage Act 2009 and Mortgage Regulations 2012 take precedence over the general temporary injunction provisions in Order 41 of the Civil Procedure Rules. The court cannot grant a temporary injunction to stop a mortgage sale unless the applicant first pays a security deposit of 30% of the forced sale value or outstanding amount, as required by Regulation 13(4). Application dismissed for failure to satisfy statutory requirements.
Outcome
Application dismissed for failure to deposit 30% security as required by Mortgage Regulations 2012; main suit remains pending
Facts
The applicant, registered owner of land comprised in Kyaggwe Block 104 Plot 451 at Lumuli Mukono, secured a loan of UGX 360,000,000 from Housing Finance Bank, mortgaging the land as security. The applicant alleged that only UGX 306,000,000 was disbursed, causing construction to stall, and that this constituted breach of the loan agreement. When the bank moved to sell the mortgaged property, the applicant filed a main suit seeking a permanent injunction and damages, and brought this application for a temporary injunction to restrain the sale pending the main suit. The bank responded that the mortgagors breached the mortgage agreement by failing to carry out approved works, misusing disbursed funds, and failing to repay the loan as agreed. The outstanding loan amount as at May 2015 was UGX 351,718,340.93. The applicant did not deny the mortgage or the non-performing status of the loan.
Issues
- Whether the applicant satisfied the requirements for a temporary injunction under Order 41 CPR.
- Whether the Mortgage Act 2009 and Mortgage Regulations 2012 override the general provisions on temporary injunctions in the Civil Procedure Rules in mortgage sale cases.
- Whether a temporary injunction can be granted to stop a mortgage sale without the mortgagor first paying the 30% security deposit required under Regulation 13 of the Mortgage Regulations 2012.
Orders
- Application dismissed.
- Costs of the application to abide the outcome of the main suit (HCCS No. 249 of 2015).
Rules and key headnotes
Legislation cited (6)
- Civil Procedure Rules Order 41 Rule 1
- Civil Procedure Rules Order 41 Rule 9
- Mortgage Act 2009
- Mortgage Regulations 2012 Regulation 13(1)
- Mortgage Regulations 2012 Regulation 13(4)
- Judicature Act
Cases cited (5)
- American Cynamid Co v Ethicon Ltd [1975] AC 396
- Robert Kavuma v M/s Hotel International (Supreme Court Civil Appeal No. 9 of 1999)
- Suleiman Muwonge Lubega v Attorney General (Constitutional Application No. 7 of 2012)
- Agnes Katushabe v Housing Finance Bank Ltd and Anor (Misc. Application No. 134 of 2015)
- Paunocks Enterprises Ltd and Ors v Stanbic Bank (U) Ltd (HCMA No. 1113 of 2014)
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
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