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NDK FINANCIAL SERVICES LTD
V.
TEMA YOUTH FOOTBALL CLUB AND 2 OTHERS

(2017) JELR 67671 (HC)

High Court 23 Aug 2017 Ghana
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- Defendants/Judgment Debtors, represented by Counsel Godwin Tamakloe, applied for permission to satisfy a judgment debt by instalment rather than by immediate payment. - The Court weighed the importance of securing the Execution Creditor’s

Case Details

Suit Number:SUIT NO. CM/0020/15
Judges:GEORGE K. KOOMSON JUSTICE OF THE HIGH COURT

I have listened to Counsel Godwin Tamakloe for and on behalf of Defendants/Judgment/Debtors. I have given consideration to his plea to allow the judgment debt to be paid in instalment. It is my considered opinion that, in as much as the Execution Creditor requires to be protected, it should not be seen and done to the collapse of the borrower debtor. In the circumstance, I hereby grant the prayer of counsel for defendant/debtors.

Accordingly, it is ordered that the garnishee 1st Atlantic Bank, Tema Community 1 Branch should pay to the Plaintiff/Judgment/Creditor the judgment debt from accounts of Tema Youth Sporting Club as long as there are funds in the accounts as follows:

· 1st instalment of GH¢61,984.09 to be paid on the 7th September, 2017

· 2nd instalment of GH¢61,984.09 is to be paid on or before 2nd October, 2017

· 3rd instalment of GH¢61,984.09 to be paid on or before 1st November, 2017

· The last instalment of GH¢61,984.09 to be paid on or before 1st December, 2017.

The failure of…

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