Tomusange Lasto v Letshego (U) Limited and Others (Civil Suit No. 747 of 2018)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the plaintiff's suit for wrongful advertisement of land for non-appearance and proceeded ex parte on the defendant's counterclaim. Held that the counter defendants were indebted to the counterclaimant for a loan secured by powers of attorney and personal guarantee. The second and third counter defendants breached the loan agreement by defaulting on monthly instalments. The first counter defendant, as guarantor, was jointly and severally liable. The court awarded the outstanding balance of UGX 67,191,759.09 with interest at 33.6% per annum, applying the statutory interest rate cap under Legal Notice No. 21 of 2024 to revise the contractual rate of 46.8% per annum downward.
Outcome
Main suit dismissed for non-appearance; counterclaim allowed with judgment for recovery of loan arrears, interest, and costs
Facts
The plaintiff sued the defendant lender for wrongful advertisement of his land, claiming he never took a loan. The defendant counterclaimed, asserting that the second and third counter defendants approached it in 2017 with powers of attorney from the plaintiff authorising them to borrow UGX 80,000,000 secured by the plaintiff's land title. The loan was granted and secured by the land, an unregistered plot, and the first counter defendant's personal guarantee. The borrowers defaulted on monthly instalments. By February 2019, arrears stood at UGX 93,460,158.09. The defendant issued default notices and advertised the properties for sale. One property was sold for UGX 30,000,000, leaving a balance of UGX 67,191,759. The plaintiff's suit was dismissed for non-appearance. The counter defendants did not appear at the counterclaim hearing despite service.
Issues
- Whether the counter defendants are indebted to the counter claimant.
- Whether the counter defendants are in breach of the loan agreement.
- What remedies are available to the parties.
Orders
- Judgment entered for the counterclaimant against the counter defendants jointly and severally.
- Counter defendants to pay UGX 67,191,759.09 as the outstanding amount on the loan.
- Interest thereon at the rate of 33.6% per annum from 28th February 2019 until payment in full.
- Costs of the suit and of the counterclaim awarded to the counterclaimant.
Rules and key headnotes
Legislation cited (5)
- Civil Procedure Act s.26(2)
- Civil Procedure Act s.27(2)
- Civil Procedure Rules Order 17 rule 4
- Contracts Act s.60(1)
- Tier 4 Microfinance Institutions and Money Lenders (Prescription of Maximum Interest Rate) Notice, 2024 (Legal Notice No. 21 of 2024)
Cases cited (22)
- Waga B. Francis v The Chief Administrative Officer Maracha and Another (High Court Civil Suit No. 5 of 2016)
- Stanbic Bank Limited v Celular Galore Limited and Two Others (High Court Civil Suit No. 50 of 2010)
- Barclays Bank Ltd v Jing Hong and Guo Dong (High Court Civil Suit No. 35 of 2009)
- Moschi v Lep Air Services Ltd [1973] AC 331
- Mian Aqueel and Another v Exim Bank (U) Limited (High Court Miscellaneous Application No. 497 of 2017)
- Borham-Carter v Hyde Park Hotel [1948] 64 TLR
- Masaka Municipal Council v Semogerere [1998-2000] HCB 23
- Musoke David v Departed Asians Property Custodian Board [1990-1994] EA 219
- Kyambadde v Mpigi District Administration [1983] HCB 44
- Haji Asuman Mutekanga v Equator Growers (U) Ltd (Supreme Court Civil Appeal No. 7 of 1995)
- Gapco (U) Ltd v AS Transporters (U) Ltd (Court of Appeal Civil Appeal No. 18 of 2004)
- Storms v Hutchinson [1905] AC 515
- Kabona Brothers Agencies v Uganda Metal Products & Enamelling Co Ltd [1981-1982] HCB 74
- Kiwanuka Godfrey T/a Tasumi Auto Spares and Class Mart v Arua District Local Government (High Court Civil Suit No. 186 of 2006)
- Hungerfords v Walker (1989) 171 CLR 125
- James Fredrick Nsubuga v Attorney General (High Court Civil Suit No. 13 of 1993)
- Erukana Kuwe v Isaac Patrick Matovu and Another (High Court Civil Suit No. 177 of 2003)
- Hadley v Baxendale (1854) 9 Exch 341
- Charles Acire v M Engola (High Court Civil Suit No. 143 of 1993)
- Kibimba Rice Ltd v Umar Salim (Supreme Court Civil Appeal No. 17 of 1992)
- Harriet Arinaitwe v Africana Clays Ltd (High Court Civil Suit No. 376 of 2013)
- Spring Freight Logistics Limited v Amoo Holding International Limited and Others (High Court Civil Suit No. 556 of 2019)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.