Vincent Kawunde T A Oscar Associates v Kato (HCT-00-CC-OS 4 of 2007)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Application for foreclosure dismissed. Held that while acknowledgement of debt in defendant's 1995 letter extended limitation period for debt recovery under Section 22(4) of the Limitation Act, foreclosure action based on a claim including interest barred under Section 18(5) could not succeed. Court refused to grant foreclosure where bulk of claimed sum (interest accrued more than six years prior) was not recoverable at law and pleadings failed to distinguish recoverable from non-recoverable amounts. Matter held unsuitable for originating summons procedure.
Outcome
Application dismissed with liberty to plaintiff to proceed by ordinary action if within time
Facts
Defendant obtained a loan of UGX 20,000,000 from Sembule Investment Bank Ltd on 24 January 1994, repayable in 6 months at 30% per annum interest, secured by mortgage over property. Defendant failed to repay. On 8 May 1995, defendant wrote to the bank acknowledging the debt and requesting extension until end of August 1995 to clear the loan. The bank was eventually succeeded by Commercial Bank of Africa, which assigned the debt to the plaintiff. Plaintiff brought action by originating summons in 2007 seeking to recover UGX 133,746,141 (as at 31 December 2006) through foreclosure and sale of mortgaged property. Defendant did not respond to service and matter proceeded ex parte. At hearing, court raised issue of limitation under Section 18 of the Limitation Act.
Issues
- Whether the plaintiff's claim for foreclosure and recovery of principal and interest was barred by the Limitation Act.
- Whether a letter of acknowledgement from the defendant extended the limitation period under Section 22(4) of the Limitation Act.
- Whether the plaintiff should be permitted to foreclose the defendant's right to redeem the mortgaged property.
- Whether the plaintiff should be permitted to sell the mortgaged property.
- Whether the matter was suitable for determination by originating summons.
Orders
- Application for foreclosure dismissed.
- Plaintiff refused permission to sell the mortgaged property.
- Plaintiff to bear its own costs.
Rules and key headnotes
Legislation cited (5)
Cases cited (2)
- Re Giles (1890) 43 Ch D 391
- Kulsubai v Abdulhessein [1957] EA 699
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.