[2021] KECPT 244 (KLR)

[2021] KECPT 244 (KLR)

The tribunal found that while the claimant was entitled to a refund of his savings amounting to Kshs. 165,055, the sum of Kshs. 15,000 constituting share capital was non-refundable in accordance with the established principles governing co-operative societies. The respondent had admitted the refundable amount and...

Source-derived case information.

Citation
[2021] KECPT 244 (KLR)
Parties
Claimant: Benson Ouma Oluga; Respondent: YES SACCO Society Limited
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 178 of 2020
Procedural Posture
Tribunal Claim / Judgment
Outcome
judgment for claimant in part
Legal Topics
Refund of Savings, Share Capital Non Refundability, Cooperative Society Disputes
Source Language
en
Civil Procedure Refund of Savings Share Capital Non Refundability Cooperative Society Disputes

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Parties

Benson Ouma Oluga

Claimant

YES SACCO Society Limited

Respondent

Procedural Posture

Tribunal Claim / Judgment

  1. 1 Whether the claimant is entitled to a refund of Kshs. 180,055 being savings/monthly contributions from the respondent.
  2. 2 Whether the sum of Kshs. 15,000 constituting share capital is refundable to the claimant.

Ratio Decidendi

The tribunal found that while the claimant was entitled to a refund of his savings amounting to Kshs. 165,055, the sum of Kshs. 15,000 constituting share capital was non-refundable in accordance with the established principles governing co-operative societies. The respondent had admitted the refundable amount and there were no outstanding liabilities or guarantees attaching to the claimant. Accordingly, judgment was entered for the claimant for Kshs. 165,055 plus costs and interest from the date of filing suit.

Court Disposition

judgment for claimant in part

Orders

  • Judgment entered for the claimant for Kshs. 165,055 plus costs and interest from the date of filing suit.
  • 30 days stay of execution granted.