Namumbya v Equity Bank Uganda Limited & 2 Others
Namumbya v Equity Bank Uganda Limited & 2 Others (Miscellaneous Application 743 of 2023) [2023] UGCommC 189 (20 October 2023)
The court found that while the applicant is prima facie the spouse of the mortgagor, she failed to provide compelling corroborative evidence of her inability to pay the security deposit. The Assistant Registrar was therefore not in error in conditioning the temporary injunction on payment of security. However, given the unique circumstances—specifically, the evolving status of the property from non-matrimonial to matrimonial after the mortgage was created, and the lack of clarity in the law regarding such situations—the court held that the 30% security deposit was excessive. The court exercis…
Source excerpt
- Mortgage Regulation
- Matrimonial Property
- Temporary Injunctions
- Security For Injunction