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The High Court’s Commercial Court has declined and dismissed an application by Simbamanyo Estates Limited, and its owner, Architect Peter Kamya to temporarily halt the transfer of two properties mortgaged by Equity Bank to recover USD10.8 million that the former borrowed and failed to repay. The application for temporary injunction- Miscellaneous Application No. 1611 of 2021 arises from Civil Suit No. 0464 of 2021 in which Simbamanyo Estates Limited and its proprietor Peter Kamya jointly sued Meera Investments Limited, Luwaluwa Investments Limited, The Commissioner Land Registration and Equity Bank Uganda Limited seeking, a declaration that the sale by mortgagee of…
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Troubled businessman, Architect Peter Kamya of Simbamanyo Estates has admitted having cheated court filing fees and rushed to court to pay UGX 81,750,000 as his court bid to win back two foreclosed properties- Simbamanyo House and AfriSuites Hotel. Last week, we reported that Walusimbi & Co. Advocates, the lawyers representing Meera Investment Limited (MIL) the company that bought Simbamanyo House from Equity Bank had raised a red flag to court on the fact that Peter Kamya had cheated court on the filing fees. “We are aware that in both HCCS No. 837 of 2020 which was abated and in the…
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Architect Peter Kamya’s chances of ever winning back his foreclosed Simbamanyo House appear to be getting dimmer and dimmer every day. Hardly days after the proprietor of Simbamanyo Estates Limited appealed to court to reverse the foreclosure of Simbamanyo Estates and Afrique Suites Hotel, information has surfaced suggesting that he never paid appropriate legal fees in both the main case and the appeal. Walusimbi & Co. Advocates, the lawyers representing Meera Investments in the multibillion property row have written to the Deputy Registrar of the High Court asking the court to examine allegations that Simbamanyo Estates and proprietor Peter Kamya…
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Last week a letter from President Yoweri Kaguta Museveni directing the Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile, to investigate the foreclosing of properties, belonging to Architect Peter Kamya of Simbamanyo Estates Ltd surfaced on social media. In the 3rd September 2021 letter (Reference No. PO/19), titled “Claims Of Illegal Sale Of Simbamanyo House And Afrique Suites”, the President informs the Governor that Mr. Peter Kamya and Dr. Margaret Muganwa, his wife, had appealed to him to intervene in the matters regarding the sale of his Sibamanyo House and Afrique Suites by Equity Bank. “They (Mr & Mrs Kamya)…
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Hon. Justice David Wangutusi of the High Court, Commercial Division has sentenced troubled businessman, Architect Peter Kamya to refund UGX1.3 billion that he received for selling land that he failed to transfer to the buyers. Court also ordered him to refund the money with a 25% interest per annum since October 2016- an additional UGX1.6 billion! Court has also awarded Bahamas Limited, general damages of UGX80 million at 6% interest per annum from 26th February 2021, the date of judgement. Bahamas Investment Ltd, in November 2015, sued Mr. Kamya, for the recovery of UGX 1,300,000,000/= as money deposited by Bahamas…
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High Court Judge, Hon. Lady Justice Susan Abinyo has today, dismissed an appeal by businessman, Peter Kamya and his Simbamanyo Estates to overturn the foreclosure of his properties by Equity Bank Uganda Limited, yet again. This time court dismissed his application over his lawyers’ failure to present written instructions to represent the businessman, as is required by law. As a result, the court dismissed Miscellaneous Application No. 224 of 2021 that sought to stop the October 2020 sale. “For the aforementioned reasons, this appeal is struck out with the following orders: Miscellaneous Appeal No. 3 of 2021 for setting aside…
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The Commercial Court in Kampala has dismissed a case in which Simbamanyo Estates Limited proprietors had wanted to halt the auctioning of its prime properties in Kampala by Equity Bank Limited to recover outstanding loans worth $10.8 million (UGX40 billion). Deputy registrar Lillian Bucyana on February 17 dismissed the matter citing that “the suit abates for failure to take out summons for directions in time”. Justice Christopher Madrama had earlier ruled that Simbamanyo Estates did not present to court acceptable grounds for court’s consideration to deny the bank legal costs incurred.“…the respondent (Equity Bank) upon being served, instructed lawyers and…
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