SAHEL SAHARA BANK LTD AND SAHEL SAHARA BANK
EVADOX LTD AND ANOTHER
Defendant/Counter Claimant/Applicant has brought this application for orders in nature of interlocutory injunction to restrain the Respondents/Defendants to the counter claim and their agents, assigns, and persons claiming through them from transferring, leasing, selling, encumbering, disposing or otherwise dealing with nine properties that were used by the 1st Respondent to secure loans granted by the Applicant as well the use of some of some of the properties by 1st Respondent as securities for Applicant’s issuance of Bank guarantee to enable 1st Respondent access a Fifteen Million Cedis from COCOBOD as seed fund.
To Applicant due to the nature of some of the documents evidencing ownership which were incomplete the 1st Respondent undertook to regularize the land documents after the disbursement of the credit facilities to enable Applicant proceed to perfect the mortgages. Applicant contend that 1st Respondent has defaulted in the repayment of the loans and same has been restructured …