Vicom Center Ltd & 2 Ors v ABC Capital BanK Ltd (HCT-00-CC-MA 1011 of 2014)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Application dismissed. Substituted service was properly ordered where the applicants' office was closed and they were elusive. Advertisement without plaint annexures sufficiently notified applicants of the suit. A creditor may sue principal debtor and guarantor together. The 4th applicant admitted being a guarantor. Where mortgage security is insufficient due to the mortgagor's act, the mortgagee may sue for the debt without foreclosing under Mortgage Act s.21(1)(d).
Outcome
Ex parte judgment in Civil Suit No. 339 of 2014 stands; application to set it aside refused
Facts
The applicants sought to set aside an ex parte judgment entered against them in a banking suit. The respondent bank had obtained substituted service by newspaper advertisement after finding the applicants' office closed and the applicants declining to provide their current address when contacted by phone. The 1st applicant was the principal debtor on an overdraft facility. The 2nd, 3rd and 4th applicants were alleged guarantors. The loan was secured by a mortgage, but the security was occupied by bibanja holders. After judgment, the 4th applicant was arrested during execution. The applicants contended they were not properly served, that the 4th applicant was not a guarantor, that principal debtor and guarantors cannot be sued together, and that the bank should have foreclosed before suing.
Issues
- Whether substituted service was properly effected on the applicants.
- Whether the advertisement for substituted service was valid without attaching the plaint and annexures.
- Whether a principal debtor and guarantor can be sued together.
- Whether the 4th applicant was a guarantor to the loan.
- Whether the respondent was entitled to sue for the debt before foreclosing on the mortgage security.
Orders
- Application dismissed.
- Costs awarded to the respondent.
Rules and key headnotes
Legislation cited (4)
Cases cited (1)
- Moschi v Lep Air Services and Others [1973] AC 345
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.