Lutaaya and Others v DFCU Bank Uganda Limited and Others
Lutaaya and Others v DFCU Bank Uganda Limited and Others (Civil Suit 616 of 2020) [2025] UGCommC 76 (30 April 2025)
The Court found that DFCU Bank, by virtue of the Purchase and Assumption Agreement and its own correspondence, was the successor in title to Global Trust Bank for the relevant assets and liabilities, including the suit land. The Plaintiffs established an equitable interest in the subdivided land returned to Hosanna Real Estates Ltd under the consent decree. DFCU Bank's refusal to issue a release of mortgage and the Commissioner Land Registration's failure to transfer titles violated the Plaintiffs' rights. The Court rejected the Defendants' arguments on privity and lack of liability, holding…
Source excerpt
- Mortgage Release
- Successor In Title
- Privity Of Contract
- Liquidation Of Bank
- Equitable Interest In Land
- Mutation And Subdivision