Post Bank Uganda Limited v Sajja (Originating Summons 3 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court held that an equitable mortgagee of unregistered land may enforce an informal mortgage between the parties under section 3(8) of the Mortgage Act even without registration under section 3(4). The mortgagee is entitled to foreclose and sell the mortgaged property to recover all sums due. A court-ordered sale must be by public auction in compliance with sections 27 and 28 of the Mortgage Act unless the mortgagor consents to private treaty. The mortgagee is entitled to vacant possession for inspection by potential buyers and may evict the mortgagor after due notice.
Outcome
Plaintiff granted foreclosure and sale by public auction with vacant possession and costs
Facts
The Plaintiff bank disbursed a loan of UGX 20,000,000 to the Defendant on 18 March 2021, repayable in 12 monthly instalments of UGX 1,949,743, secured by equitable mortgage over two plots of unregistered land with developments at Nyansimbi LC1, Birembo Sub County, Kakumiro District. The Defendant defaulted in June 2021 and requested a grace period. The Plaintiff rescheduled repayments, extending the period to 14 months with revised instalments of UGX 1,759,825. The Defendant continued to default. On 12 November 2021 the Plaintiff served a Notice of Default recalling the loan then at UGX 18,981,297. After expiry of the statutory period, the Plaintiff served a Notice of Sale and advertised the property. The Defendant refused to vacate. At the time of filing, UGX 24,676,313 was outstanding exclusive of auctioneers' fees of UGX 3,367,631. The Defendant admitted the loan but cited COVID-19 pandemic, family deaths, medical costs, and an accident damaging the building as reasons for default.
Issues
- Whether the Plaintiff/Mortgagee as the equitable mortgagee is entitled to foreclose and sale the mortgaged property to recover the monies due to it in respect of the principal amount, interest, costs and all other related charges arising from the defendant's loan.
- Whether the mortgagee is entitled to sell the mortgaged property by public auction or by private treaty.
- Whether the Plaintiff/Mortgagee is entitled to vacant possession of the mortgaged property and to evict the Respondent/his agents from the same.
- Whether the Plaintiff/Mortgagee should be granted costs for the suit.
Orders
- The Plaintiff/Mortgagee is entitled to foreclose and sell the mortgaged property to recover the entire sum and all monies due in respect of principal amount, interest, costs and other charges.
- The sale shall be by public auction in compliance with Sections 27 and 28 of the Mortgage Act.
- The Plaintiff is entitled to vacant possession of the mortgaged property and to evict the defendant if he refuses to hand over the property after due notice.
- Costs of the suit awarded to the Plaintiff/Mortgagee.
Rules and key headnotes
Legislation cited (11)
- Civil Procedure Rules Order 37 rule 4
- Mortgage Act No. 8 of 2009 s.3(1)
- Mortgage Act No. 8 of 2009 s.3(4)
- Mortgage Act No. 8 of 2009 s.3(8)
- Mortgage Act No. 8 of 2009 s.19
- Mortgage Act No. 8 of 2009 s.26
- Mortgage Act No. 8 of 2009 s.27
- Mortgage Act No. 8 of 2009 s.28
- Mortgage Act No. 8 of 2009 s.28(1)(d)
- Mortgage Regulations SI No. 2 of 2012 Regulation 8(1)
- Mortgage Regulations SI No. 2 of 2012 Regulation 10
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.