judy.legal
Login Register

NATIONAL INVESTMENT BANK V. FRANDESCO WEST AFRICA LTD & 3 ORS

(2019) JELR 107059 (CA)

Court of Appeal  •  H1/119/17  •  17 Jan 2019  •  Ghana

Coram
P. K. GYAESAYOR, JA (Presiding). C. J. HONYENUGA, JA. BARBARA ACKAH-YENSU, JA

Judgement

JUDGMENT

BARBARA ACKAH-YENSU, JA

This appeal is against the judgment of the High Court (General Jurisdiction), Accra dated 16th February, 2015 wherein the Plaintiff/Respondent’s application for summary judgment was granted.

In the High Court, the Plaintiff/Respondent (hereinafter referred to simply as “the Respondent”) claimed against the Defendants/Appellants (also simply referred to hereinafter as “the Appellants”) jointly and severally, the following reliefs:

“(a). Recovery of Gh¢15,297,331-16 being the outstanding balance of overdraft facilities granted the Defendants by the Plaintiff.

(b). Interest on the said Gh¢15,297,331.16 from 31st December, 2013 up to the date of final payment.

(c). Costs.

IN THE ALTERNATIVE:

(d). An order for the judicial sale of the following properties:

i. A residential property designated as property No.6 Cocoa Street, Teshie Nungua Estate.

ii. A commercial property designated as Plot No. 56, Tema Motorway Industrial Area (Premises of D&C Industries Limite…

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