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Pearl Motors Ltd v Bank of Baroda (U) Ltd (Civil Appeal 15 of 2002)

Citation: [2004] UGSC 34 Court: Supreme Court Decided: 20 December 2004 Jurisdiction: Uganda

Legal issues

Banking & FinanceContract LawCivil Procedure

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AI-generated summary — verify against the full judgment before relying on it.

Held that a borrower with outstanding unapplied interest had not discharged its overdraft obligations, so the bank's refusal to release securities was no breach.

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Source: this page presents Wakilii's issue analysis and metadata for a publicly reported Ugandan judgment. Judgment text is sourced from the Uganda Legal Information Institute (ulii.org). Wakilii is not affiliated with ULII.