Societe Generale Ghana PLC v Kingdom Beverages Limited and Others (CM/RPC/0505/24) [2025] GHAHC 96 (28 May 2025)

INTHESUPERIOR COURT OF JUDICATURE, INTHE HIGHCOURT OF JUSTICE, (COMMERCIAL COURT DIVISION 6) HELD IN ACCRA ON WEDNESDAY THE 28TH DAYOF MAY, 2025BEFORE HERLADYSHIP JUSTICESEDINA AGBEMAVA SUITNO.: CM/RPC/0505/24 SOCIETEGENERALEGHANA PLC PLAINTIFF RINGROADCENTRAL ACCRA. VRS. 1. KINGDOM BEVERAGES LIMITED BEHINDANGELICA HOTEL SHIASHIE–ACCRA. 2. UNIQUE KINGDOM COMMUNICATION LIMITED #191B TETTEFIOSTREET SHIASHIE,EASTLEGON ACCRA. DEFENDANTS 3. KINGDOM HERBALCENTRE KIMBERLYAVENUE OKAISHIEDRUGLANE ACCRA. 1 4. JONATHANKWAME AMOFA HOUSENO. 221/10 ADJIRIGANOR EASTLEGON–ACCRA. --------------------------------------------------------------------------------------------------------------------- PARTIES: PLAINTIFFREPRESENTEDBY MICHAELAGUDETSE DEFENDANTREPRESENTEDBYJONATHAN AMOFAJNR. COUNSEL: AMELIAADJOTEYEFOR THEPLAINTIFFPRESENT KOFI BEKOEFORTHE DEFENDANTS PRESENT CONSENT JUDGMENT The Plaintiff and the Defendants having agreed to the terms set out below and the Defendants having admitted liability to the Plaintiff’s claim and the Plaintiff having agreed to accept the sum of Seven Million, Five Hundred Thousand Ghana Cedis (GH¢7,500,000.00)infull and final settlementofthe Plaintiff’sclaim. By consent all proceedings in this action be stayed except for the purpose of carrying suchtermsintoeffect. Libertytoapply astocarrying such termsinto effect: 2 1. The Parties have agreed that the property situate and being at East Legon Residential Area – Accra in the Greater Accra Region of the Republic of Ghana with a digital address of GA-288-9084 which was used as collateral for the advancement of the facility granted to the Defendants be sold and the total sum of Seven Million, Five Hundred Thousand Ghana Cedis (GH¢7,500,000.00) out of the sale proceeds be given to the Plaintiff in satisfaction of the Defendants’ indebtedness tothe Plaintiff. 2. The Parties have also agreed that upon the execution and adoption of the Terms of Settlement as Consent Judgment, the Defendants shall allow potential buyers to view the property described in paragraph 1 above with the intention of purchasingsame. 3. Further to clause 2 above, the Parties have agreed that upon the sale of the property situate and being at East Legon Residential Area – Accra, the Defendants shall provide vacant possession of the property to the purchaser withinThree (3) monthsofthesale’scompletion. 4. The Parties have further agreed that in the event that the Defendants fail to deliver vacant possession of the property to the Purchaser within Three (3) months of the sale’s completion, the Plaintiff shall without the leave of the Court and with the assistance of the Police obtain vacant possession of the property for thePurchaser. 5. That this Honourable Court shall enter the above Terms as the Judgment of the Court. 3 Signed anddated inAccra onthe 17thday ofApril, 2025. (SGD) Signed by:………………………………………………. (Forand onbehalf ofthePlaintiff) PIERRE GIEMOT Name: ………………………………………………………………. SOCIETE GENERALE GHANA, HEAD OFFICE,ACCRA. Address: ……………………………………………………………….. 17TH APRIL,2025. Date: ………………………………………………………………. (SGD) Witness: ………………………………………………………………. CHARLESAKWASITAMMA NAME: ………………………………………………………………. HEAD, LEGAL DEPARTMENT, SOCIETE GENERALE GHANA PLC 4 Address: …………………………………………………………………………….. (SGD) Signed by:………………………………………………………………..,,,. (Forand onbehalf ofalltheDefendants) JONATHANKWAME AMOFA Name: ………………………………………………………………. CHIEFEXECUTIVE OFFICER(C. E.O.) Position: ……………………………………………………………….. BOXDC 1290,ACCRA. Address: ……………………………………………………………….. 3RDAPRIL, 2025. Date: ………………………………………………………………. (SGD) Witness: ………………………………………………………………. MAAMANAMINOTENG NAME: ………………………………………………………………. 5 PLT1,BLOCK 1,OAKVILLA ESTATE, KWABENYA Address: ………………………………………………………………. BYCOURT The Parties have settled the suit and the Terms of Settlement as executed and filed on the8th ofMay,2025arehereby entered asthe Consent Judgment ofthe Court. (SGD) SEDINA AGBEMAVA J (JUSTICEOF THE HIGH COURT) 6 7