Solomon Champlain Lui & Anor v Stanbic Bank Uganda Ltd (Miscellaneous Application No. 766 of 2016)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held: A temporary injunction was granted restraining the respondent bank from selling the applicants' mortgaged properties, conditional upon the applicants depositing 30% of the outstanding debt (US$287,159.10) within 45 days. The court found triable issues regarding compliance with statutory notice requirements under sections 12 and 19 of the Mortgage Act 2009 and the need for fresh advertisement where a sale is adjourned beyond 14 days. The respondent's late affidavit in reply was validated because the applicants had filed a rejoinder and suffered no prejudice.
Outcome
Conditional temporary injunction granted restraining sale of mortgaged properties pending deposit of security and final determination of the main suit
Facts
The applicants obtained two loan facilities from the respondent bank totalling US$1,101,029, secured by mortgages over properties at Munyonyo. The bank disbursed US$981,494, withholding US$119,535. The applicants alleged breach of contract through unlawful interest charges and failure to fully disburse the loans, rendering the mortgage instruments unenforceable. After the applicants defaulted on repayment, the respondent issued a notice of default on 18 March 2015 requiring payment of US$957,197 within 45 working days. Following continued default, the respondent issued a notice of sale and advertised the properties for sale in July 2015. The applicants paid US$106,563 and undertook to make monthly payments, but again defaulted. The bank's lawyers demanded payment of arrears on 14 December 2015 and re-advertised the properties for sale in February 2016. The applicants filed this application for a temporary injunction on 7 February 2016, shortly before the scheduled sale in March 2016. An interim order issued by the registrar stopped the sale.
Issues
- Whether the respondent's affidavit in reply filed out of time should be struck out for non-compliance with Order 12 rule 3(2) of the Civil Procedure Rules.
- Whether the applicants have raised a prima facie triable issue in the main suit warranting grant of a temporary injunction.
- Whether the applicants would suffer irreparable injury which cannot be adequately compensated by damages if the temporary injunction is not granted.
- Whether the respondent bank was entitled to increase interest rates without giving 15 working days' written notice as required by section 12 of the Mortgage Act 2009.
- Whether the respondent complied with statutory requirements for notice of default and notice of sale under the Mortgage Act before proceeding to advertise the mortgaged properties for sale.
- Where the balance of convenience lies in granting or refusing the temporary injunction.
Orders
- An injunction will issue on the condition that the Applicants shall deposit with the Respondent a sum of US$287,159.10 representing about 30% of the demand of the Respondent, which deposit shall be made within 45 days from the date of this order.
- An injunction issues under the above condition restraining the Respondents, their agents, servants, workmen, or any person deriving authority or instructions from them from evicting the Applicants, selling, transferring, taking possession, advertising for sale or dealing in anyway whatsoever with the properties comprised in Kyadondo Block 257, Plot 944 land at Munyonyo and Kyadondo Block 257, Plots 920 and 921 land at Munyonyo pending final disposal of the suit or until such further orders of this court.
- Should the Applicants fail to comply with the order in item 1 above, this injunction shall lapse and the Respondent shall be at liberty to re-advertise the property for sale and only after the lapse of the 45 days.
- The costs of this application shall be borne by the Applicants.
- The objection to the affidavit in reply is overruled and the affidavit in reply is validated by extension of time.
Rules and key headnotes
Legislation cited (11)
- Mortgage Act 2009 s.12
- Mortgage Act 2009 s.19
- Mortgage Act 2009 s.26
- Mortgage Regulations 2012 reg.8
- Mortgage Regulations 2012 reg.11(2)
- Mortgage Regulations 2012 reg.13(4)
- Mortgage Regulations 2012 reg.13(5)
- Mortgage Regulations 2012 reg.13(7)
- Civil Procedure Rules Order 12 r.3(2)
- Constitution of Uganda Article 126(2)(e)
- Evidence Act Cap. 6 s.101
Cases cited (12)
- Stop and See (U) Ltd v Tropical Africa Bank Ltd (Miscellaneous Application No. 333 of 2010)
- Noormohamed Jamamohamed v Kasamali Virgi Nadhaim (1953) 29 EACA 8
- Edward Sargent v CJ Patel (1949) 16 EACA 63
- Kiyimba Kaggwa v Hajji Nasser Katende (1988) HCB 13
- American Cyanamid Co v Ethicon Limited [1975] AC 396
- Siminyu v Housing Finance Co of Kenya (2001) 2 EA 540
- Western Uganda Cotton Company Limited v Dr George Asaba & 3 Others (High Court Civil Suit No. 353 of 2009)
- Mukasa Anthony Harris v Dr Bayiga Michael Philip Lulume (Election Petition Appeal No. 18 of 2007)
- Campbell Discount Co v Bridge (1961) 2 All ER 97
- Peter Bibangamba v Kapkwata Wood Works Limited (Commercial Court Civil Suit No. 714 of 2012)
- Miao Hua Xian v Crane Bank & Anor
- Kiyimba Kaggwa v Katende (1985) HCB 43
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.