[2024] KECPT 1377 (KLR)

[2024] KECPT 1377 (KLR)

The tribunal found that while the claimant had proved the existence of a loan and partial repayments by the respondent, there was insufficient evidence to support the claimed sum of Kshs. 57,664. The documentary evidence, including the loan application, statements, and payment records, established that the...

Source-derived case information.

Citation
[2024] KECPT 1377 (KLR)
Parties
Applicant: Ghalani Sacco Limited; Respondent: Stephen Kingori Kagombe
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 444/E021 of 2022
Procedural Posture
Tribunal Claim / Judgment
Outcome
judgment for claimant in part
Judges
BM Kimemia, J. Mwatsama, B Sawe, F Lotuiya, P. Gichuki, M Chesikaw, PO Aol
Legal Topics
Loan Default, Debt Recovery, Cooperative Societies, Interest on Loans
Source Language
en
Banking and Finance Loan Default Debt Recovery Cooperative Societies Interest on Loans

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Parties

Ghalani Sacco Limited

Applicant

Stephen Kingori Kagombe

Respondent

Procedural Posture

Tribunal Claim / Judgment

  1. 1 Whether the respondent is liable to refund the outstanding loan balance to the claimant.
  2. 2 Whether the claimant has proved its entitlement to the claimed sum of Kshs. 57,664/=.
  3. 3 Whether the claimant is entitled to interest and costs.

Ratio Decidendi

The tribunal found that while the claimant had proved the existence of a loan and partial repayments by the respondent, there was insufficient evidence to support the claimed sum of Kshs. 57,664. The documentary evidence, including the loan application, statements, and payment records, established that the outstanding balance was Kshs. 42,400 as at the relevant date. In the absence of further proof for the higher amount, judgment was entered for the proven sum of Kshs. 42,400, together with costs and interest at tribunal rates from the date of ruling until payment in full.

Court Disposition

judgment for claimant in part

Orders

  • Judgment entered for the claimant against the respondent in the sum of Kshs. 42,400.
  • The respondent shall pay interest at tribunal rates from the date of ruling until payment in full.