IFS FINANTIAL SERVICES
V.
TECHCOM VISIONS AND OTHERS

(2017) JELR 65504 (HC)    
High Court  ·  SUIT NO. CM/BFS/0555/16 ·  31 May 2017 ·  Ghana
CORAM
ERIC K. BAFFOUR ESQ JUSTICE OF THE HIGH COURT
Core Terms Beta
garnishee
judgment debtor
court
order
plaintiff
said sum
judgment creditor
lord
techcom visions
collective indebtedness of the defendants
interest
recovery of gh
respect of a loan facility
actual interest rate
claim
cross examination
penal interest
penal rate
judgment
outstanding amount
summary determination
absolute ought
account of a third party
account of jospong group of companies
additional work
agreed rate
amount of any debt
benefit of the evidence
civil procedure
costs of the garnishee proceedings
critical documents
cross examination of mr. owiredu
final judgment
final sign
garnishee proceedings
high court
jgc erp project
jospong group of companies
judgment creditor proceeding
kofi owiredu
penal interest sum
sum
summary of the invoices value of this letter
total judgment
unimpeachable cases of evidence

On the 12th of January, 2017 the court granted an application for final judgment against 1st, 2nd, 3rd and 4th defendants in default of defence for:

a. An order for the recovery of Gh¢32.845.65 being the collective indebtedness of the defendants to the plaintiff as at 25th July, 2016 in respect of a loan facility dated 3rd November, 2011 granted by the plaintiff to the defendant.

b. Interest on the sum at the actual interest rate of 3% per month from 26th July, 2016 till date of final payment

c. Penal interest sum at the agreed penal rate of 7.5% per month from 26th July, 2016 till date of final payment

d. An order for the recovery of Gh¢335.547.44 being the collective indebtedness of the defendants to the plaintiff as at 25th July 2016 in respect of a loan facility dated 28th November, 2011 granted by plaintiff to the 1st defendant

e. Interest on the said sum at the actual interest rate of 3% per month from 26th July 2016 till date of final payment.

f. Penal interest on the said sum at the…

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