[2019] KEHC 3961 (KLR)

[2019] KEHC 3961 (KLR)

The court held that the interest at 14% per annum awarded to the plaintiff applies only from 4th February 2009 until 11th January 2010, the date when the principal sum was paid by the defendant. The court clarified that its earlier judgment did not entitle the plaintiff to interest beyond the date of payment of the...

Source-derived case information.

Citation
[2019] KEHC 3961 (KLR)
Parties
Plaintiff: James Gitau Singh t/a Singh Gitau Advocates; Defendant: National Bank of Kenya Limited
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Civil Case 868 of 2009
Procedural Posture
Civil Case / Ruling on Application for Review of Judgment
Outcome
Application for review/clarification allowed to the extent of clarifying the period for which interest is payable; no order as to costs for the application.
Judges
MM Kasango
Legal Topics
Review of Judgment, Interest on Debt, Execution of Decree, Functus Officio, Costs Award
Source Language
en
Civil Procedure Commercial and Corporate Review of Judgment Interest on Debt Execution of Decree Functus Officio Costs Award

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Parties

James Gitau Singh t/a Singh Gitau Advocates

Plaintiff

National Bank of Kenya Limited

Defendant

Procedural Posture

Civil Case / Ruling on Application for Review of Judgment

  1. 1 Whether the court can review or clarify its judgment after delivery when the decree conforms to the judgment.
  2. 2 Whether interest on the principal sum should be calculated up to the date of payment or until full satisfaction of the decree.
  3. 3 Whether the court is functus officio after delivering judgment and drawing the decree.

Ratio Decidendi

The court held that the interest at 14% per annum awarded to the plaintiff applies only from 4th February 2009 until 11th January 2010, the date when the principal sum was paid by the defendant. The court clarified that its earlier judgment did not entitle the plaintiff to interest beyond the date of payment of the principal. The court further held that it was not functus officio in addressing questions relating to the execution or satisfaction of its decree, as permitted by Section 34 of the Civil Procedure Act. The application for review was thus allowed to the extent of clarifying the period for which interest was payable, but no costs were awarded for the application due to the...

Court Disposition

Application for review/clarification allowed to the extent of clarifying the period for which interest is payable; no order as to costs for the application.

Orders

  • Interest at 14% per annum applies to the principal sum of Kshs. 14,068,148.26 from 4th February 2009 until 11th January 2010.
  • No costs awarded for the Notice of Motion dated 17th July 2019.