FIRST ATLANTIC BANK
V.
AMAPOK LTD

(2017) JELR 107981 (HC)    
High Court  ·  SUIT NO. AC/29/2013 ·  12 May 2017 ·  Ghana
CORAM
HIS LORDSHIP JUSTICE R. B. BATU
Core Terms Beta
plaintiff
defendants
parties
twenty thousand ghana cedis
accra
annum
counsel
court
date of final payment
interest
order
12th december
12th may
17th september
20th october
31st december
31st july
31st november
31st october
accordance
action
agreed rate
alternative
amicable settlement of this suit
amortization schedule
amount
claim
consent judgment
final satisfaction of the plaintiff
following reliefs
full indemnity basis
judgment of the court
legal action
legal fees
mcg
outstanding portion
payment of gh
rate
recovery of gh
relief
sum
sum of gh
sum total
terms of settlement
total debt

BY COURT: CONSENT JUDGMENT

The terms of settlement signed by the parties and their counsel filed on 12th May, 2017 adopted as judgment of the Court as follows: 

a) The Plaintiff commenced legal action against the Defendants on 12th December, 2012, seeking the following reliefs: 

(i) An Order for the recovery of GH¢494,546.01 being the collective  indebtedness of the Defendants to the Plaintiff as at 17th September,  2012. 

(ii) Interest on thee said sum at the agreed rate of 28.5 percent per annum  from 18th September, 2012 to the date of final payment. 

(iii) Further or in the alternative an Order for the Judicial Sale of the  assigned property situate at 14th Close, South Odorkor Housing  Estate, Accra. 

(iv) Costs on a full indemnity basis. 

(v) Further or other relief as the Court may deem fit. 

b) The parties herein are amenable to amicable settlement of this Suit. The parties to this action have therefore agreed to the settlement of this  matter as follows: - 

1. The Defendants shall pa…

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