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NAOS HOLDINGS LTD. v. GHANA COMMERCIAL BANK LTD

1999

COURT OF APPEAL

GHANA

CORAM

  • Forster, J.A. (Presiding)
  • Benin, J.A.
  • Afreh J.A

Areas of Law

  • Civil Procedure
  • Commercial Law
  • Contract Law
  • Evidence Law
  • Banking and Finance Law

AI Generated Summary

The Court of Appeal, per Benin J.A., reviewed a High Court ruling that allowed plaintiffs to proceed by originating summons to seek construction of five promissory notes endorsed by Eaglet Corporation Limited after issuance by the defendants in favour of Sabat Motors Limited, and to prove their entitlement to payment and interest. The defendants’ affidavit alleged breach of an underlying funding and equipment-supply agreement with Claremont Group/Eaglet, total failure of consideration, repudiation by Sabat Motors, and plaintiffs’ mala fides and notice of defects. The High Court deemed originating summons appropriate but restricted proof of mala fides to documentary evidence. On appeal, the Court of Appeal held that substantial factual disputes—consideration, repudiation, timing of endorsement, and good faith—require viva voce evidence and cannot be resolved through originating summons. While promissory notes can be construed under Order 54A, construction would not dispose of the litigation here. The court allowed the appeal, set aside the High Court’s conclusions, struck out the originating summons, and indicated proceedings should be by writ under Order 2 Rule 1.