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BSIC GHANA LTD
V.
CAPTAINS HOTEL TRAVEL & TOURS LTD, SOLOMON KOBIA AND JEFFREY PETER KOBIA

(2016) JELR 65077 (HC)

High Court 15 Jun 2016 Ghana
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- The plaintiff is seeking to recover outstanding amounts on credit line and medium term loan facilities provided to the defendant. - The plaintiff claims interest on the outstanding amounts at agreed rates. - The plaintiff also seeks to re

Case Details

Suit Number:Suit No. BFS/23/14
Judges:JENNIFER DODOO (MRS)
Counsel:KWABENA ADU-KUSI FOR PLAINTIFF,A. T. TAMAKLOE FOR DEFENDANTS

JUDGMENT

The Plaintiff’s claims against the Defendants were as follows:

The recovery of the sum of GH¢543, 499.92 being the amount outstanding as at October 31st 2013 on the credit line facility advanced to the 1st Defendant.

The recovery of the sum of GH¢124,718.80 being the amount outstanding as at October 31st 2013 on the medium term loan facility advanced to the 1st Defendant.

Interest on the sum of GH¢543, 499.92 at the agreed rate of 30.25% from October 31st 2013 to the date of final payment

Interest on the sum of GH¢124,718.80 at the agreed rate of 31% from October 31st 2013 to the date of final payment.

The recovery of the sum of GH¢185,991.45 being the amount outstanding as at October 31st 2013 as penal charges on the two facilities.

Penal interest on the sums outstanding on the two facilities at the agreed rate of 12% to the date of final payment.

An order for the judicial sale of the parcel of land located at Ablekuma Accra that is stamped as LVD8607A/2011.

An order for the sale of …

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