Kuteesa v Equity Bank Uganda Limited & Another
Kuteesa v Equity Bank Uganda Limited & Another (Miscellaneous Appeal 20 of 2024) [2024] UGCommC 309 (6 September 2024)
The court held that Regulation 13(1) of the Mortgage Regulations is mandatory and requires a mortgagor seeking to adjourn or stop a sale to pay 30% of the outstanding amount or forced sale value, regardless of disputes over the amount or absence of a valuation report. The appellant's arguments regarding lack of valuation, disputed amount, and non-service of statutory notices do not exempt him from compliance with the regulation. The court found that the Assistant Registrar properly exercised discretion, evaluated the evidence, and acted within the law in granting a conditional temporary injun…
Source excerpt
- Temporary Injunctions
- Mortgage Enforcement
- Statutory Notices
- Valuation Disputes