[2025] KECPT 220 (KLR)

[2025] KECPT 220 (KLR)

The Tribunal found that the claimant had proven his membership in the respondent Sacco through unchallenged documentary evidence. While the claimant sought a refund of Ksh. 121,939.28, the Tribunal determined that only the savings portion (Ksh. 101,939.07) was refundable, as share capital (Ksh. 20,000) is not...

Source-derived case information.

Citation
[2025] KECPT 220 (KLR)
Parties
Applicant: Nelson Angwenyi; Respondent: Metropolitan Sacco
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case E506 of 2024
Procedural Posture
Refund Application / Judgment
Outcome
judgment for the claimant
Judges
BM Kimemia, Janet Mwatsama, B Sawe, F Lotuiya, P. Gichuki, M Chesikaw
Legal Topics
Sacco Member Refunds, Share Capital Non Refundability, Member Withdrawal Rights
Source Language
en
Commercial and Corporate Sacco Member Refunds Share Capital Non Refundability Member Withdrawal Rights

Source-derived case record

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Parties

Nelson Angwenyi

Applicant

Metropolitan Sacco

Respondent

Procedural Posture

Refund Application / Judgment

  1. 1 Whether the claimant was a member of the respondent Sacco at the material time.
  2. 2 Whether the claimant is entitled to a refund of Ksh. 121,939.28 or any part thereof.

Ratio Decidendi

The Tribunal found that the claimant had proven his membership in the respondent Sacco through unchallenged documentary evidence. While the claimant sought a refund of Ksh. 121,939.28, the Tribunal determined that only the savings portion (Ksh. 101,939.07) was refundable, as share capital (Ksh. 20,000) is not refundable according to Sacco practice. The respondent's reliance on an AGM resolution suspending refunds did not override the claimant's statutory right to a refund of his savings upon withdrawal. Judgment was therefore entered for the claimant for Ksh. 101,939.07 plus costs and interest.

Court Disposition

judgment for the claimant

Orders

  • The respondent shall pay the claimant Ksh. 101,939.07 as refund of savings.
  • The respondent shall pay interest on the above sum at court rates.