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Banking And Finance [2023] UGCommC 230

Kingstone Engineering & Construction Consultants Limited v NCBA Bank Uganda Limited

Kingstone Engineering & Construction Consultants Limited v NCBA Bank Uganda Limited (Civil Suit 350 of 2021) [2023] UGCommC 230 (14 February 2023)

Court
Commercial Court of Uganda
Case number
Civil Suit 350 of 2021
Judge
Anna B. Mugenyi, J

The High Court held that the bank’s deductions were justified because they were used to clear the borrower’s outstanding principal, interest, and penal interest after default.

  • Loan Default
  • Penal Interest
  • Mortgage Enforcement
  • Banking System Anomalies
  • Loan-default
  • Penal-interest
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Uganda decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.

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