Shelter Afrique v Akright Projects Ltd & 3 Ors (Miscellaneous Application No. 249 of 2012)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Application partly allowed. Court held that the sale should be set aside because the valuation report establishing the reserve price was not on court record, rendering it impossible to determine whether the sale complied with the consent order. Court held that the applicant failed to prove the sale was below reserve price or that collusion occurred, but the absence of the Knight Frank report on the court file was a fatal defect requiring a fresh valuation before any sale proceeds.
Outcome
Sale set aside subject to conditions; fresh valuation ordered; 2nd respondent's deposit to be refunded
Facts
The applicant, Shelter Afrique, advanced USD 1,500,000 to the 1st respondent secured by mortgage. The 1st respondent defaulted and a consent judgment was entered in HCCS No. 249 of 2010 admitting a debt of USD 1,473,108.73. The consent order provided that execution by sale should not proceed below the reserve value in a Knight Frank valuation dated June 2010. The 3rd and 4th respondents, acting as bailiffs, sold the mortgaged properties to the 2nd respondent for UGX 1,900,000,000. The applicant contended that this sale was below the reserve price and was conducted in defiance of their instructions. The applicant further alleged collusion between the bailiffs and the 1st respondent. The court found that the Knight Frank valuation report referenced in the consent order was not on the court record, making it impossible to determine the agreed reserve price. The 2nd respondent had paid UGX 117,000,000 to the escrow account before the court issued an interim order halting further payments.
Issues
- Whether the attachment and sale was conducted below the agreed reserve price and in defiance of the instructions of the applicant.
- Whether there was collusion and/or complicity between the bailiffs and the judgment debtor.
- Whether the attachment and sale should be set aside.
Orders
- Sale set aside.
- Another valuation of the properties to be conducted by Knight Frank or any other firm agreeable to the applicant and 1st respondent, at the applicant's expense.
- A copy of the valuation report to be filed on court record.
- The reserve price shall be the price stated in the valuation report arising from the fresh valuation.
- The money paid by the 2nd respondent to the escrow account to be paid back within 2 months from 05.09.2016.
- Costs of all respondents awarded to the respondents, to be borne by the applicant.
Rules and key headnotes
Legislation cited (10)
- Civil Procedure Act s.34
- Civil Procedure Act s.38
- Judicature Act s.33
- Civil Procedure Rules O.22 r.55
- Civil Procedure Rules O.22 r.56
- Civil Procedure Rules O.22 r.67
- Civil Procedure Rules O.22 r.71
- Civil Procedure Rules O.22 r.77(1)
- Civil Procedure Rules O.52 r.1
- Civil Procedure Rules O.52 r.2
Cases cited (5)
- McManus v Fortescue [1907] 2 KB 1
- Kipoi Tonny Nsubuga v R. Wetaka & Ors (Election Petition Appeal No. 07 of 2011)
- Francis Micah v Nuwa Walakira (Supreme Court Criminal Appeal No. 24 of 1994)
- Masaka Tea Estates Ltd v Samalia Tea Estate Limited (High Court Civil Suit No. 539 of 2011)
- Bobcat of Regina Limited v Bruce Schapansky Auctioneers Inc. [2010] SKQB 393
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.