Planbuild Technical Services Limited v DFCU Bank Limited and Another (H.C.Miscellaneous Application No. 913 of 2018)
Planbuild Technical Services Limited v DFCU Bank Limited and Another (H.C.Miscellaneous Application No. 913 of 2018) [2021] UGCommC 40 (24 August 2021)
The court found that the applicant failed to prove any fraud, misrepresentation, duress, or undue influence in the signing of the consent judgment. The evidence showed that the applicant had access to all relevant bank statements and was fully aware of the financial position before entering into the consent. The alleged threats and pressure were found to be normal consequences of default under a loan agreement and did not amount to illegitimate pressure or duress. The receivership was terminated as per the consent judgment, and there was no evidence that the respondents continued to act as re…
Source excerpt
- Setting Aside Consent Judgment
- Fraud And Misrepresentation
- Duress And Undue Influence
- Bank Customer Relationship
- Receivership Termination