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HFC BANK GHANA LTD
V.
CLASSFAM GHANA LTD

(2017) JELR 108375 (HC)

High Court 23 May 2017 Ghana
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- Plaintiff bank advanced a loan facility of GH¢318,132.75 to 1st Defendant, secured by a legal mortgage over 2nd Defendant’s property at Korkordzor, Accra; terms included repayment in 36 months at an agreed variable interest rate of 35% pe

Case Details

Suit Number:SUIT NO. AB 131/2011
Judges:EMMANUEL AMO YARTEY, J
Counsel:SHARON BLANKSON FOR GOERGE AMISSAH FOR PLAINTIFF

JUDGMENT 

Per their writ of summons dated the 25th day of March, 2011 the Plaintiff claims the  following reliefs against the Defendants: 

1. An order for the recovery of GH¢434,823.50 being as at 1st March, 2011, the  outstanding balance of the facility advanced to the 1st Defendant.

2. Interest on the amount of GH¢434, 823.50 form 2nd March, 2011 to the date of final  payment at the agreed rate of interest. 

3. Alternatively judicial sale of a landed property lying and situate at Korkordzor,  Accra and used by the 2nd Defendant to secure the facility from the Plaintiff. 

4. Other just and equitable reliefs. 

5. Cost. 

There is evidence before me that even though the Defendants are aware of the pendency of  this case they have refused to attend court to contest Plaintiff’s claim for which reason the  Plaintiff was ordered to mount the box and prove their claim. The case of the Plaintiff  was articulated by one Emmanuel Obiri-Antwi their recovery officer. 

He testified that sometime in Marc…

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