[1997] UGCA 12

[1997] UGCA 12

The application for an injunction was dismissed because the property in question had already been sold by private treaty pursuant to the powers conferred by the mortgage and relevant statutes. The court found that the contract of sale was complete upon deposit of part of the purchase price, and the purchaser...

Source-derived case information.

Citation
[1997] UGCA 12
Parties
Applicant: Samuel Frobisher Owori; Respondent: Non-Performing Assets Recovery Trust
Court
Court of Appeal of Uganda
Jurisdiction
Uganda
Case Number
Civil Application No. 32 of 1997
Procedural Posture
Miscellaneous Application / Ruling
Outcome
application dismissed
Legal Topics
Injunction Pending Appeal, Mortgage Enforcement, Sale of Mortgaged Property, Stay of Execution
Source Language
en
Civil Procedure Commercial and Corporate Injunction Pending Appeal Mortgage Enforcement Sale of Mortgaged Property Stay of Execution

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Parties

Samuel Frobisher Owori

Applicant

Non-Performing Assets Recovery Trust

Respondent

Procedural Posture

Miscellaneous Application / Ruling

  1. 1 Whether an injunction should issue to restrain the sale of the applicant's property pending appeal.
  2. 2 Whether the sale of the property was complete and thus rendered the application for injunction nugatory.
  3. 3 Whether section 50 of the Civil Procedure Act applies to a sale by private treaty under a mortgage.

Ratio Decidendi

The application for an injunction was dismissed because the property in question had already been sold by private treaty pursuant to the powers conferred by the mortgage and relevant statutes. The court found that the contract of sale was complete upon deposit of part of the purchase price, and the purchaser acquired an equitable interest in the property. The fact that the full purchase price had not been paid or possession not taken was immaterial. Section 50 of the Civil Procedure Act was held inapplicable, as it relates to sales in execution of decrees, not sales under a mortgage. Since the sale had already occurred, there was no impending sale to restrain, rendering the application...

Court Disposition

application dismissed

Orders

  • The application for injunction is dismissed with costs to the respondent.