Stanbic Bank Uganda Limited v Akata & Bow Limited and Another (Miscellaneous Application No. 958 of 2024)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court dismissed an application for judgment on admission brought by Stanbic Bank against Akata & Bow Limited. The bank sought judgment for UGX 349,626,791 based on alleged admissions in the defendant's written statement of defence. The court held that while the defendant admitted certain factual paragraphs of the plaint concerning the loan facility agreement and its terms, these admissions did not constitute a clear, unequivocal, unambiguous, and positive admission of indebtedness in the specific sum claimed. The application was dismissed with costs in the cause.
Outcome
Application for judgment on admission dismissed; main suit to proceed
Facts
Stanbic Bank Uganda Limited and Akata & Bow Limited entered into a six-month invoice discounting facility agreement on 27 April 2023 for UGX 300,000,000. The facility was secured by a Deed of Assignment of contract proceeds due from Rwenzori Agro Processing Limited (the 2nd defendant) to Akata & Bow. The 1st defendant submitted confirmed invoices issued to the 2nd defendant totalling approximately UGX 490 million. The 2nd defendant confirmed it would settle outstanding invoices within 90 days through a designated account. The bank disbursed UGX 300,000,000 on 3 May 2023. However, the 2nd defendant made only a single deposit of UGX 20,000,000 on 30 June 2023. The 1st defendant defaulted, prompting the bank to file Civil Suit No. 382 of 2024 claiming UGX 349,626,971. In its written statement of defence filed 26 April 2024, the 1st defendant admitted paragraphs 5.1 through 5.8 of the plaint. The bank then brought this application for judgment on admission. The respondents were served but filed no affidavit in reply.
Issues
- Whether the application meets the criteria for a judgment on admission?
- What remedies are available?
Orders
- Application dismissed with costs in the cause.
Rules and key headnotes
Legislation cited (5)
Cases cited (4)
- Samwiri Massa v Rose Achen [1978] HCB 297
- Serefaco Consultants Limited v Euro Consult BV (Civil Application No. 16 of 2007)
- Momanyi v Hatimy and Another [2003] 2 EA 600
- Cassam v Sachania [1982] KECA 1
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.