Planbuild Technical Services Limited v DFCU Bank Limited and Another (H.C.Miscellaneous Application No. 913 of 2018)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the application to set aside the consent judgment. The applicant failed to prove fraud, duress, or lack of consideration. The court found that the applicant had been provided with bank statements before signing the consent, acknowledged the debt, and made part payment pursuant to the consent. The receivership was terminated by the consent judgment itself. The delay of two years and eleven months in bringing the application was unreasonable and indicated the application was an afterthought.
Outcome
Application to set aside consent judgment dismissed
Facts
The applicant company had obtained credit facilities from the first respondent bank. A civil suit was filed by the applicant against the respondents alleging breach of contract, professional negligence, and fraud. The respondents counterclaimed for unpaid loan money totalling UGX 3,637,871,319. On 20 January 2016, the parties entered into a consent judgment whereby the bank agreed to discount the debt to UGX 2,200,000,000 payable in instalments, and the receivership was terminated. The applicant made part payment in March 2016. Two years and eleven months later, in November 2018, the applicant filed this application seeking to set aside the consent judgment on grounds of fraud, misrepresentation, duress, lack of consideration, and ignorance of material facts.
Issues
- Whether the consent judgment should be set aside on grounds of fraud or misrepresentation.
- Whether the applicant signed the consent judgment under duress or undue influence.
- Whether the consent judgment lacked consideration due to the respondent's alleged failure to terminate the receivership.
- Whether the applicant signed the consent judgment in ignorance of material facts relating to the actual status of the loan portfolio.
- Whether the application was brought without unreasonable delay.
Orders
- Application dismissed.
- Costs awarded to the respondents.
Rules and key headnotes
Cases cited (2)
- Edison Kanyabwera v Pastori Tumwebaze (2000-2005) HCB
- DSND Sub Sea Ltd v Petroleum Geo-Services ASA [2000] BLR 530
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.