[2012] KEHC 669 (KLR)

[2012] KEHC 669 (KLR)

The court found that the chargee's (Kenya Commercial Bank Limited) interest should have been disclosed at the time of settling the terms for execution of the decree. The failure to disclose does not defeat the chargee's interest, even if a sale subsequently took place. The court allowed the application as prayed,...

Source-derived case information.

Citation
[2012] KEHC 669 (KLR)
Parties
Plaintiff: Charles Okoyo Jakamumbo; Defendant: Martin Ochieng Oketch; Applicant: Majid Said; Applicant: Warda Omar; Respondent: Kenya Commercial Bank Limited
Court
High Court
Court Station
High Court at Mombasa
Jurisdiction
Kenya
Case Number
Miscellaneous Civil Application 29 of 2005
Procedural Posture
Miscellaneous Application / Ruling on Unopposed Notice of Motion
Outcome
Application allowed as prayed.
Judges
F Tuiyott
Legal Topics
Execution of Decree, Chargee Interest, Priority of Security, Sale of Charged Property
Source Language
en
Civil Procedure Banking and Finance Execution of Decree Chargee Interest Priority of Security Sale of Charged Property

Source-derived case record

Summary, issues, holding and outcome

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Parties

Charles Okoyo Jakamumbo

Plaintiff

Martin Ochieng Oketch

Defendant

Majid Said

Applicant

Warda Omar

Applicant

Kenya Commercial Bank Limited

Respondent

Procedural Posture

Miscellaneous Application / Ruling on Unopposed Notice of Motion

  1. 1 Whether the chargee's interest should have been disclosed at the time of settling the terms for execution of the decree.
  2. 2 Whether the sale of the property could defeat the chargee's interest.

Ratio Decidendi

The court found that the chargee's (Kenya Commercial Bank Limited) interest should have been disclosed at the time of settling the terms for execution of the decree. The failure to disclose does not defeat the chargee's interest, even if a sale subsequently took place. The court allowed the application as prayed, recognizing the priority of the chargee's interest over the sale.

Court Disposition

Application allowed as prayed.

Orders

  • The Notice of Motion dated 23rd July 2012 is allowed as prayed.
  • The chargee's interest is recognized and not defeated by the subsequent sale.