The Four Plaintiffs herein who described themselves as mechanics at Asafo, Kumasi have sued the Defendant Micro Finance Company in respect of unpaid investments made in the Defendant Company. Cumulatively, they are claiming the sum of Nineteen Thousand, Four Hundred and Twenty-Six Ghana Cedis, Fifty Pesewas (GH¢19, 426.50), interest thereon and any further order(s) this Honourable Court may deem fit.
In their statement of claim filed on 30/03/15 together with the writ of summons, each Plaintiff indicated the amount he invested and the agreed interest as well as the maturity date. They further averred that the Defendant has failed to repay their respective monies and the accrued interest after the maturity dates.
On 17/10/2015, Counsel for the Defendant was served with a hearing notice to attend court on 07/10/2015 for directions to be given. He however failed to come to court and no reason(s) were given for his absence. Accordingly, the court proceeded to give directions as to t…