judy.legal
Login Register
📄 PDF

INVESTPRO LIMITED V. NTHC LIMITED

(2010) JELR 65792 (HC)

High Court  •  SUIT NO. FTR 57/09  •  5 Mar 2010  •  Ghana

Coram
HIS LORDSHIP JUSTICE P. BRIGHT MENSAH ESQ

Appearances
KIZITO BEYUO FOR THE PLAINTIFFS/RESPONDENT,FRANK DAVIES FOR THE DEFENDANTS/APPLICANTS

Judgement
<p><strong>MENSAH, J.</strong></p><p>Against the backdrop of a summary judgment regularly obtained by the Plaintiffs against the NTHC Limited, the defendants/applicants herein have brought this instant application for stay of execution and to set aside the said judgment and for leave to admit the late Statement of Defence filed by their lawyers, Davies and Davis.</p><p>On record, this court on November 16, 2009 did enter a summary judgment in favour of the plaintiffs/respondents for the reliefs endorsed on their writ. These were: </p><p>a) the recovery of the sum of Gh¢138,379.72 being the agreed 30% of Gh¢461,265.74 received by the defendant on or about 16 December 2008 for its role as transaction advisors to the privatization of Western Telesystems Ltd; </p><p>b) interest on the amount above at the prevailing bank rate from 22 December, 2008 to date of final payment, and </p><p>c) costs including lawyer’s fees.</p><p>The premise upon which the instant application has been brought is essentially that the inability of the defendants/applicants t…</p>

There's more. Sign in to continue reading

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 20,000 cases, recent judgments, statutes, and rules of court.


Get started   Login