Kollo Auto Agencies Limited v Stanbic Bank (U) Limited
Kollo Auto Agencies Limited v Stanbic Bank (U) Limited (Miscellaneous Application 169 of 2023) [2023] UGCommC 207 (30 August 2023)
The application raises a bonafide triable issue regarding the existence and accuracy of the claimed debt. The Respondent failed to provide sufficient documentation, such as loan account statements and details of interest rates and charges, to substantiate how the principal sums disbursed accumulated to the claimed amount. The Applicant's challenge to the calculation and existence of the debt, coupled with the lack of supporting evidence from the Respondent, means the matter is not clear and straightforward and warrants a full trial. Therefore, unconditional leave to appear and defend the main…
Source excerpt
- Summary Procedure
- Leave To Defend
- Credit Facilities Dispute
- Liquidated Claims
- Security Perfection
- Set Off