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UNIBANK (GHANA) LIMITED
V.
MAGNA INTERNATIONAL TRANSPORT LTD AND OTHERS

(2018) JELR 64376 (HC)

High Court 22 Oct 2018 Ghana
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- Plaintiff, a financial institution, advanced multiple loan and overdraft facilities to the 1st Defendant, secured by mortgages over properties belonging to the 4th to 6th Defendants and personal guarantees from the 2nd and 3rd Defendants.

Case Details

Suit Number:SUIT NO. BFS/312/14
Judges:ERIC K. BAFFOUR ESQ. JUSTICE OF THE HIGH COURT

BAFFOUR, J.

Plaintiff claim the following reliefs endorsed on its amended writ issued against the Defendants:

a. An order for the recovery of an amount Five Million Five Hundred and Twenty Two Thousand Two Hundred and Two Ghana Cedis Thirty One Pesewas (Gh¢5,522,202.31) being the loan facility granted to the 1st Defendant by the Plaintiff.

b. Interest on relief (i) supra at 25.95% per annum with effect from 31st of October, 2014 till date of final payment.

c. Penal interest on relief (i) from 31st of October, 2014 till date of final payment

d. Cost of instituting this action including solicitor’s cost

e. Such further order(s) as this honourable court deem fit.

Or in the alternative

f. Judicial sale of legal mortgage property on parcel No 909, Block 2, section 2001 situate at Tantra Hill, Accra belonging to the 4th Defendant.

g. A judicial sale of the legal mortgage over property on parcel No 389, Block 10, section 114 situate at East Legon, Accra belonging to the 5th Defendant.

h. A judicial sa…

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