[2013] KEHC 7056 (KLR)

[2013] KEHC 7056 (KLR)

The court found that while the Defendants admitted the debt and sought to pay by installments, they failed to provide sufficient evidence of genuine financial hardship or bona fide intent to settle the debt promptly. The Defendants' account statements indicated access to significant funds, and their history of...

Source-derived case information.

Citation
[2013] KEHC 7056 (KLR)
Parties
Plaintiff: Jamii Bora Scandinavia AB; Defendant: Richard G. Njoba; Defendant: Themis Investments Ltd.
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Civil Case 731 of 2012
Procedural Posture
Civil Case / Ruling on Notice of Motion for Judgment and Installment Payment
Outcome
Judgment entered for the Plaintiff as prayed in the Plaint. Defendants allowed to pay the decretal sum in eight equal monthly installments. Costs awarded to the Plaintiff.
Judges
DO Ogembo
Legal Topics
Loan Repayment, Installment Orders, Debt Enforcement
Source Language
en
Commercial and Corporate Loan Repayment Installment Orders Debt Enforcement

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Parties

Jamii Bora Scandinavia AB

Plaintiff

Richard G. Njoba

Defendant

Themis Investments Ltd.

Defendant

Procedural Posture

Civil Case / Ruling on Notice of Motion for Judgment and Installment Payment

  1. 1 Whether judgment should be entered against the Defendants as prayed in the Plaint.
  2. 2 Whether the Defendants should be allowed to settle the decretal sum by monthly installments of Kshs.200,000 for four months and thereafter increased installments.
  3. 3 Whether the Defendants have demonstrated bona fide financial hardship justifying payment by installments.

Ratio Decidendi

The court found that while the Defendants admitted the debt and sought to pay by installments, they failed to provide sufficient evidence of genuine financial hardship or bona fide intent to settle the debt promptly. The Defendants' account statements indicated access to significant funds, and their history of failing to honor repayment agreements undermined their credibility. However, exercising its equitable jurisdiction, the court allowed the Defendants to pay the decretal sum in eight equal monthly installments, balancing the interests of both parties and ensuring fairness. Judgment was entered for the Plaintiff as prayed, with costs awarded to the Plaintiff.

Court Disposition

Judgment entered for the Plaintiff as prayed in the Plaint. Defendants allowed to pay the decretal sum in eight equal monthly installments. Costs awarded to the Plaintiff.

Orders

  • Judgment is hereby entered against the Defendants as prayed in the Plaint.
  • The Defendants shall have the liberty to liquidate the decretal sum by eight (8) months equal installments commencing from 1st April 2013 till full satisfaction thereof.