[1992] KEHC 114 (KLR)

[1992] KEHC 114 (KLR)

The court found that the grounds upon which the injunction was originally granted—namely, the supersession of the initial statutory notice by a new agreement—no longer subsisted. The plaintiff had failed to make any repayments under the new agreement, and a fresh statutory notice had been properly served in...

Source-derived case information.

Citation
[1992] KEHC 114 (KLR)
Parties
Plaintiff: Kalinga; Defendant: Trade Bank Ltd
Court
High Court
Court Station
High Court at Mombasa
Jurisdiction
Kenya
Case Number
? 60 of 1991
Procedural Posture
Civil Case / Ruling on Application to Discharge Injunction
Outcome
application allowed; injunction discharged
Legal Topics
Injunction Discharge, Statutory Notice, Chargee Rights, Loan Default
Source Language
en
Civil Procedure Banking and Finance Injunction Discharge Statutory Notice Chargee Rights Loan Default

Source-derived case record

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Parties

Kalinga

Plaintiff

Trade Bank Ltd

Defendant

Procedural Posture

Civil Case / Ruling on Application to Discharge Injunction

  1. 1 Whether the injunction restraining the exercise of the chargee's statutory power of sale should be discharged due to new circumstances.
  2. 2 Whether the grounds for the initial injunction still subsist after the issuance of a fresh statutory notice under the new agreement.

Ratio Decidendi

The court found that the grounds upon which the injunction was originally granted—namely, the supersession of the initial statutory notice by a new agreement—no longer subsisted. The plaintiff had failed to make any repayments under the new agreement, and a fresh statutory notice had been properly served in accordance with the terms of that agreement. The respondent did not contest these facts. As a result, the injunction restraining the defendant from exercising its statutory power of sale was deemed unnecessary and irrelevant. The court therefore discharged the injunction and allowed the application with costs to the applicant.

Court Disposition

application allowed; injunction discharged

Orders

  • The injunction granted on 22nd March 1991 is discharged.
  • The application by Trade Bank Ltd is allowed with costs.