Uganda Case Law

Fresh Cuts (U) Limited v Aya Investments (U) Limited

Fresh Cuts (U) Limited v Aya Investments (U) Limited (Bankruptcy Cause 3 of 2021) [2022] UGCommC 177 (7 November 2022)

Court

Commercial Court of Uganda

Case number

Bankruptcy Cause 3 of 2021

Judge

Anna B. Mugenyi, J

The Petitioner proved the Respondent's indebtedness by presenting evidence of supply contracts, acknowledgments, and a judgment from the Chief Magistrates Court for UGX 44,923,565 plus costs. The Respondent failed to pay the debt, and attempts to execute the judgment were unsuccessful. The Statutory Demand was properly served, and the Respondent did not comply within the statutory period. There was no evidence that the Statutory Demand was set aside or that execution was stayed or satisfied. The Petitioner filed the bankruptcy petition within the statutory 30 working days after the last date…

Source excerpt

• Bankruptcy Order
• Statutory Demand
• Creditor Petition
• Debt Enforcement
• Judgment Execution

Housing Finance Bank Ltd v MTK (U) Ltd

Housing Finance Bank Ltd v MTK (U) Ltd (Civil Suit No. 15 of 2021) [2021] UGCommC 67 (30 April 2021)

Court

Commercial Court of Uganda

Case number

Civil Suit No. 15 of 2021

Judge

Gaswaga, J

The High Court entered judgment for Housing Finance Bank Limited against MTK Uganda Limited for UGX 207,326,980.23, plus 23% annual interest and costs.

• Loan Recovery
• Corporate Guarantees
• Debt Enforcement
• Loan-recovery
• Corporate-guarantees
• Debt-enforcement

Nshimwe & Co Advocates v Microcare Insurance Limited & Insurance Regulatory Authority of Uganda

Nshimwe & Co Advocates v Microcare Insurance Limited & Insurance Regulatory Authority of Uganda (Miscellaneous Cause No. 17 of 2014) [2014] UGHCCD 81 (17 June 2014)

Court

HC: Civil Division (Uganda)

Case number

Miscellaneous Cause No. 17 of 2014

The High Court granted a garnishee order absolute, holding that an insurer’s security deposit held by the regulator was an asset and debt due to the debtor, and therefore attachable.

• Garnishee Proceedings
• Debt Enforcement
• Security Deposit Attachment
• Judgment Execution
• Garnishee-proceedings
• Judgment-enforcement

Central Purchasing Co Ltd v Hon Col Kahinda Otafire

Central Purchasing Co Ltd v Hon Col Kahinda Otafire (Bankruptcy Cause No. 23 of 2004) [2004] UGCommC 34 (11 October 2004)

Court

Commercial Court of Uganda

Case number

Bankruptcy Cause No. 23 of 2004

The High Court held that failure to comply with a bankruptcy notice amounted to an act of bankruptcy because no valid counterclaim or set-off was shown.

• Bankruptcy Notice
• Act Of Bankruptcy
• Counterclaim Requirements
• Debt Enforcement
• Bankruptcy-notice
• Act-of-bankruptcy