Farm Uganda Farmers Group Limited and 2 Others v Stanbic Bank Uganda Limited
Farm Uganda Farmers Group Limited and 2 Others v Stanbic Bank Uganda Limited (Miscellaneous Application 777 of 2023) [2023] UGCommC 76 (20 September 2023)
The court found that the applicants failed to demonstrate a bona fide triable issue of fact or law to justify granting unconditional leave to appear and defend the summary suit. The applicants' dispute over the amount owed was unsupported by evidence, as they did not prove payment of the disputed UGX 27,000,000. The court held that the applicants' claim against a third party (M/S Blue Cup Company Ltd) did not affect their direct obligation to the respondent under the loan agreement, as the respondent was not a party to the third-party arrangements and had not received instructions to deduct f…
Source excerpt
- Summary Suits
- Leave To Defend
- Loan Repayment Disputes
- Guarantees
- Bank Customer Relationships