[2024] KECPT 1704 (KLR)

[2024] KECPT 1704 (KLR)

The Tribunal found that the claimant had sufficiently proved his entitlement to a refund of Kshs. 165,564.46, as evidenced by the undisputed statement produced. The respondent's reliance on AGM resolutions to defer refunds was rejected, as statutory rights under the Co-operative Societies Act prevail over internal...

Source-derived case information.

Citation
[2024] KECPT 1704 (KLR)
Parties
Applicant: John Muruthi Kamau; Respondent: Metropolitan National Sacco Ltd
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 425.E701 of 2022
Procedural Posture
Tribunal Claim / Judgment
Outcome
claim allowed
Judges
BM Kimemia, Janet Mwatsama, B Sawe, F Lotuiya, P. Gichuki, M Chesikaw, PO Aol
Legal Topics
Sacco Member Refunds, Deposit Recovery, Cooperative Societies Act Compliance
Source Language
en
Commercial and Corporate Sacco Member Refunds Deposit Recovery Cooperative Societies Act Compliance

Source-derived case record

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Parties

John Muruthi Kamau

Applicant

Metropolitan National Sacco Ltd

Respondent

Procedural Posture

Tribunal Claim / Judgment

  1. 1 Whether the claimant is entitled to a refund of his deposits upon withdrawal from the Sacco.
  2. 2 Whether the respondent is justified in withholding the refund based on AGM resolutions and alleged lack of proper withdrawal notice.
  3. 3 Whether the amount claimed by the claimant is accurate and supported by evidence.

Ratio Decidendi

The Tribunal found that the claimant had sufficiently proved his entitlement to a refund of Kshs. 165,564.46, as evidenced by the undisputed statement produced. The respondent's reliance on AGM resolutions to defer refunds was rejected, as statutory rights under the Co-operative Societies Act prevail over internal resolutions. The Tribunal held that the respondent, being operational and not in liquidation, is obligated to honor refund claims by members who have withdrawn. The respondent's admission of part of the debt further supported the claimant's case. Consequently, judgment was entered for the claimant for the full amount claimed, with interest from the date of filing and costs.

Court Disposition

claim allowed

Orders

  • Refund of Kshs. 165,564.46 to the claimant.
  • The claimant is awarded costs of the suit.