Stanbic Bank Uganda Limited v Kesacon Services Limited & Another
Stanbic Bank Uganda Limited v Kesacon Services Limited & Another (Miscellaneous Application 724 of 2023) [2023] UGCommC 244 (12 July 2023)
The applicant, as mortgagee, sold the suit property with the 1st respondent's consent and retains locus standi to seek orders necessary to complete the transaction and recover its lent monies. The court found that the applicant's interest is sufficient and current, and the pendency of appeals or related suits does not bar enforcement in the absence of a stay. The sale was validly executed under corporate law principles, and the purchaser's rights must be protected. The caveat lodged by the 2nd respondent was unsupported, as the estate previously confirmed no interest in the property. The cour…
Source excerpt
- Mortgage Enforcement
- Vacant Possession
- Eviction Orders
- Caveat Vacation
- Corporate Authorisation
- Locus Standi