[2024] KECPT 1702 (KLR)

[2024] KECPT 1702 (KLR)

The Tribunal found that the claimant had sufficiently proved his entitlement to the refund of Kshs. 407,386.72, as evidenced by uncontroverted payslips. The respondent's reliance on liquidity challenges and AGM resolutions could not override the statutory obligation to refund a withdrawing member's deposits, as long...

Source-derived case information.

Citation
[2024] KECPT 1702 (KLR)
Parties
Applicant: Wasike Mabele Charles; Respondent: Metropolitan National Sacco Ltd
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 200/ E273 of 2023
Procedural Posture
Tribunal Claim / Judgment
Outcome
claim allowed in full
Judges
BM Kimemia, Janet Mwatsama, B Sawe, F Lotuiya, P. Gichuki, M Chesikaw, PO Aol
Legal Topics
Member Withdrawal, Refund of Savings, Cooperative Societies Obligations
Source Language
en
Banking and Finance Civil Procedure Member Withdrawal Refund of Savings Cooperative Societies Obligations

Source-derived case record

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Parties

Wasike Mabele Charles

Applicant

Metropolitan National Sacco Ltd

Respondent

Procedural Posture

Tribunal Claim / Judgment

  1. 1 Whether the claimant is entitled to a refund of his savings upon withdrawal from the respondent Sacco.
  2. 2 Whether the respondent's liquidity challenges and AGM resolution justify withholding the claimant's refund.

Ratio Decidendi

The Tribunal found that the claimant had sufficiently proved his entitlement to the refund of Kshs. 407,386.72, as evidenced by uncontroverted payslips. The respondent's reliance on liquidity challenges and AGM resolutions could not override the statutory obligation to refund a withdrawing member's deposits, as long as the society was operational and not in liquidation. The Tribunal held that the right to a refund is clear under the Co-operative Societies Act, and the respondent's financial difficulties do not justify withholding the claimant's funds. Accordingly, judgment was entered for the claimant for the full amount claimed, with costs and interest from the date of filing until...

Court Disposition

claim allowed in full

Orders

  • The respondent shall pay the claimant Kshs. 407,386.72.
  • The respondent shall pay costs of the suit to the claimant.