Tamusange & Anor v Exim Bank (U) Ltd (Miscellaneous Application No. 1213 of 2016)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the applicants demonstrated a plausible defence and raised triable issues of law by showing that the debt claimed may have been settled when the receiver released two vehicles to the respondent bank and by questioning the manner of sale of those vehicles. The requirement under Order 36 Rule 4 CPR is satisfied when an applicant shows a bonafide triable issue of fact or law, not a defence good on the merits. Application for leave to appear and defend granted.
Outcome
Applicants granted unconditional leave to file defence and proceed to full hearing
Facts
African Minerals Limited borrowed UGX 403,546,430 from Exim Bank (Uganda) Ltd. The company was placed under receivership and then liquidation. The respondent bank lodged its claim with the receiver, who released two vehicles (Crane Reg No. UAS 602S and Mercedes Benz Tipper Reg No. UAS 222D) as security for the facility. The vehicles were sold for UGX 172,000,000, allegedly leaving an outstanding sum of UGX 358,005,135. The respondent bank filed a summary suit against the applicants as guarantors of the company, claiming the outstanding balance. The applicants contended that the receiver's release of the vehicles constituted final settlement of the entire debt and that the bank failed to provide proper accountability for the sale of the vehicles.
Issues
- Whether the application raises triable issues to warrant the grant of leave to appear and defend the main suit.
- What remedies are available to the parties.
Orders
- Application allowed.
- Applicants granted leave to appear and defend the suit.
- Applicants to file a defence to the suit within 10 days of the ruling.
- Costs in cause.
Rules and key headnotes
Legislation cited (5)
- Civil Procedure Act s.98
- Civil Procedure Rules O.36 r.3
- Civil Procedure Rules O.36 r.4
- Civil Procedure Rules O.52 r.1
- Civil Procedure Rules O.52 r.2
Cases cited (5)
- Makula Interglobal Trade Agency v Bank of Uganda [1985] HCB 65
- Kabagenyi Teddy Onyango v Fina Bank (U) Ltd (High Court Civil Suit No. 70 of 2012)
- Bunjo v KCB (Uganda) Ltd (Miscellaneous Application No. 174 of 2014)
- Corporate Insurance Co. Ltd v Nyali Beach Hotel Ltd [1995-1998] EA 7
- Uganda Commercial Bank v Mukoome Agencies [1982] HCB 22
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.