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AGRICULTURAL DEVELOPMENT BANK
V.
AGYA ADU ENTERPRISE

(2016) JELR 107781 (HC)

High Court 29 Nov 2016 Ghana
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- The plaintiff bank is suing the 1st and 2nd defendants, a limited liability company and its shareholder and director, for outstanding debt on a credit facility. - The plaintiff claims that the credit facility was approved at a variable in

Case Details

Suit Number:SUIT NO. BC/113/2014
Judges:PATIENCE MILLS-TETTEH (MRS.)
Counsel:RAMONA ABUGABE FOR PLAINTIFF SAMMY TAY FOR DEFENDANTS

JUDGMENT 

By the Plaintiff’s writ of summons and statement of claim dated 27/11/13 the plaintiff bank is claiming against the 1st and 2nd defendants a limited liability Company and its shareholder and Director  respectively, jointly and severally the following reliefs; 

1. An order directed at the defendants to pay to the plaintiffs the  sum of sixty-three thousand and two hundred and fifty-six Ghana  Cedis and fifty four pesewas, (GH¢63, 256.54) being the balance  outstanding as at September, 2013 on the credit facility granted  the 1st defendant by the plaintiff.

2. Interest on sixty-three thousand and two hundred and fifty-six  Ghana cedis and fifty four pesewas (GH¢63,256.54) from  September 2013 till the date of final payment or in the alternative  an order for the judicial sale of the mortgaged property described  in the mortgage deed dated 24/11/2004 in satisfaction of the  judgment debt. 

THE CASE OF THE PLAINTIFF 

The plaintiff is a financial institution licensed under the laws o…

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