Wasirwa Emmy and Another v Equity Bank Uganda Limited (Civil Suit No. 0641 of 2024; Miscellaneous Application No. 1474 of 2024)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court granted unconditional leave to appear and defend where the applicants raised triable issues of fact regarding alleged full settlement of a loan facility and disputed indebtedness. The court held that contentions about payment of the loan amount and disputes over restructuring terms constitute bona fide triable issues that must be determined at trial, not at the leave stage.
Outcome
Applicants granted leave to defend; matter to proceed to trial
Facts
The respondent bank filed a summary suit against the applicants for recovery of a loan facility of UGX 750,000,000. The 1st applicant contended that the full loan amount had been settled but the bank continued to charge dubious and excessive interest and penalties. The respondent claimed that on 4 May 2020, the facility was restructured with the 1st applicant indebted to UGX 669,273,285 at the time of restructure. The applicants applied for unconditional leave to appear and defend, asserting they were not indebted to the respondent and disputing the alleged restructuring of the loan facility.
Issues
- Whether the application raises triable issues.
- What remedies are available?
Orders
- Application allowed.
- Applicants granted unconditional leave to appear and defend in Civil Suit No. 0641 of 2024.
- Applicants to file written statement of defence within 10 days from the date of this order.
- Costs of the application to be in the cause.
Rules and key headnotes
Legislation cited (5)
Cases cited (3)
- Souza Figuerido & Co Ltd v Moorings Hotel Co. Ltd (1959) EA 425
- Geoffrey Gatete and Another v William Kyobe (Civil Appeal No. 7 of 2005)
- Maluku Interglobal Trade Agency Ltd v Bank of Uganda [1985] HCB 65
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.