[2004] KEHC 1164 (KLR)

[2004] KEHC 1164 (KLR)

The court found that the plaintiffs had established a prima facie case with a probability of success because the defendant sought to exercise a statutory power of sale over property for a loan that was allegedly never disbursed, amounting to a failure of consideration. Furthermore, the defendant was attempting to...

Source-derived case information.

Citation
[2004] KEHC 1164 (KLR)
Parties
Plaintiff: Ezekiel Osugo Angwenyi; Plaintiff: Ezzycon Computer College; Defendant: National Industrial Credit Bank Limited
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Civil Case 387 of 2004
Procedural Posture
Civil Case / Ruling on Interlocutory Injunction Application
Outcome
application for interlocutory injunction granted
Legal Topics
Interlocutory Injunctions, Statutory Power of Sale, Failure of Consideration, Security for Loans
Source Language
en
Civil Procedure Banking and Finance Interlocutory Injunctions Statutory Power of Sale Failure of Consideration Security for Loans

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Parties

Ezekiel Osugo Angwenyi

Plaintiff

Ezzycon Computer College

Plaintiff

National Industrial Credit Bank Limited

Defendant

Procedural Posture

Civil Case / Ruling on Interlocutory Injunction Application

  1. 1 Whether the defendant can exercise statutory power of sale over the plaintiff's property where there is alleged failure of consideration.
  2. 2 Whether an interlocutory injunction should issue to restrain the defendant from dealing with the suit property pending determination of the suit.
  3. 3 Whether the defendant is entitled to recover sums under a hire purchase agreement by exercising a charge over land not created for that purpose.

Ratio Decidendi

The court found that the plaintiffs had established a prima facie case with a probability of success because the defendant sought to exercise a statutory power of sale over property for a loan that was allegedly never disbursed, amounting to a failure of consideration. Furthermore, the defendant was attempting to recover sums arising from a hire purchase agreement using security not created for that purpose. The plaintiffs had deposited the amount demanded in the statutory notice in court, further demonstrating their bona fides. The defendant did not oppose the application substantively. The court held that, in these circumstances, an interlocutory injunction was warranted to restrain the...

Court Disposition

application for interlocutory injunction granted

Orders

  • The defendant is restrained from attaching, advertising, alienating or in any other way dealing with the plaintiffs' property known as L.R.No.2250/65 until the hearing and determination of this suit.
  • The plaintiffs shall have the costs of this application in any event.