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Banking And Finance [2023] UGSC 35

Formular Feeds Limited and 3 Others v KCB Bank Limited

Formular Feeds Limited and 3 Others v KCB Bank Limited [2023] UGSC 35 (13 October 2023)

Court
Supreme Court of Uganda
Judge
Mwondha, JSC, Mike Chibita, JSC, Elizabeth Musoke, JSC, Tibatemwa-Ekirikubinza, JSC, Tuhaise, JSC

The Supreme Court upheld a bank’s loan claim despite an illegal mortgage, finding the debt and guaranties remained enforceable and dismissing the appeal.

  • Loan Facility Enforcement
  • Mortgage Illegality
  • Guarantee Liability
  • Interest Rate Variation
  • Contractual Breach
  • Bank Customer Relationship
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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.

Source links and collection timestamps are retained alongside the indexed records.