Tugumisirize v Finca (U) Limited (Civil Miscellaneous Application 47 of 2022)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
An applicant seeking leave to defend must demonstrate a bonafide triable issue stated with sufficient particularity to appear genuine. General or vague denials of liability will not suffice. Where the applicant admitted the loan, defaulted on monthly payments, provided false evidence of repayments, and raised no genuine defence, the application for leave to defend must be dismissed and summary judgment entered.
Outcome
Application dismissed and summary judgment entered against the defendant for loan recovery in the head suit
Facts
The applicant obtained a loan of UGX 50,000,000 from the respondent bank on 16 May 2019 with monthly repayments of UGX 3,107,105 commencing 17 June 2019. The applicant defaulted and made his first payment only in 2020, paying a total of UGX 2,480,000 that year. In 2021 he made six deposits totalling UGX 1,820,000. After the loan was rescheduled, the applicant made no further payments. In total, the applicant paid only UGX 4,300,000 against the principal of UGX 50,000,000. The respondent filed a summary suit claiming UGX 56,000,000 including accrued interest and penalties. The applicant applied for leave to defend, claiming he had paid UGX 20,000,000 and citing COVID-19 business disruption and confusion over the bank's advertised sale of collateral. Documentary evidence showed only UGX 4,300,000 in payments, and the applicant provided no receipts for the alleged additional UGX 15,700,000.
Issues
- Whether the applicant has a bonafide triable issue of fact or law to warrant unconditional leave to defend.
- Whether the applicant has a valid defence to the summary suit for loan recovery.
Orders
- Application dismissed with costs to the respondent.
- Judgment entered in the head suit in favour of the plaintiff in the terms sought with costs to be borne by the defendant.
Rules and key headnotes
Legislation cited (4)
Cases cited (1)
- Maluk Intergrobal Trade Agency Ltd v Bank of Uganda [1985] HCB 1365
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.