Busoga Growers Cooperative Union Ltd v Non-Performing Assets Recovery Trust (HCT-00-CC-CS 240 of 2004)
Busoga Growers Cooperative Union Ltd v Non-Performing Assets Recovery Trust (HCT-00-CC-CS 240 of 2004) [2007] UGCommC 17 (20 February 2007)
The court held that the defendant, Non-Performing Assets Recovery Trust, was only entitled to recover the sum assigned under the deed of assignment, which was Shs.49,383,580.00 as at 31/12/1995. Any claim for amounts in excess of this sum, including interest accrued prior to the assignment date, was not supported by law or the assignment deed. The defendant's demand and receipt of Shs.146,490,444.00 was without legal basis, as the assignment specified the cut-off date and amount. The court found that the plaintiff had paid a total sum far in excess of the assigned amount, resulting in unjust…
Source excerpt
- Assignment Of Debt
- Statutory Bodies Liability
- Unjust Enrichment
- Interest On Loans