Business

Total Uganda In Shs2bn Court Battle

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decease http://demo.des.net.id/drose/wp-includes/feed-atom.php sans-serif; font-size: small; line-height: 200%;”>The latter has moved on to fill a suit in court through SC Kabanja and Co. Advocates claiming that the French oil company allegedly refused to clear the above sum of money which followed the credit supply of fuel and other petroleum products.


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According to the case filed on April 12, file No. CS 258/2014 under rule 2 of civil procedures rules for the recovery of over Shs 2bn upon the claim set out in which the defendant is expected to fill a defence within 10 days and failure of which the plaintiff will be entitled to obtain a decree for the amount.


The plaintiff alleges that since the supply of the commodities, the defendant has not made any payment, neglected and/ or declined to settle the payment prompting a court redress.


On March 1, the defendant made a payment proposal acknowledging its indebtedness and undertook to pay the sum in 10 equal monthly instalments of Shs 251, 633, 889, first instalment due before March 20.


On March 25, both parties executed on consent a settlement where the defendant affirmed its earlier position of settling the entire outstanding amount as per the proposal dated March 1.


“The defendant has failed and/ or refused to honour its part of the bargain as per the payment proposal and the subsequent consent settlement duly executed by both parties despite several demands and reminders.”

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