[2022] KECPT 137 (KLR)

[2022] KECPT 137 (KLR)

The Tribunal found that the Claimant had provided sufficient documentary evidence, including pay slips, an account statement, and a withdrawal letter, establishing that he was a member of the Respondent Sacco and had accumulated deposits totaling Ksh. 709,302. The Respondent failed to provide any substantive...

Source-derived case information.

Citation
[2022] KECPT 137 (KLR)
Parties
Applicant: Omurundo John Kwendo; Respondent: Maseno University Sacco
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 651 of 2019
Procedural Posture
Civil Claim / Judgment
Outcome
Judgment for the Claimant.
Judges
J. Mwatsama
Legal Topics
Share Refund, Cooperative Societies, Member Withdrawal, Interest on Deposits
Source Language
en
Civil Procedure Commercial and Corporate Share Refund Cooperative Societies Member Withdrawal Interest on Deposits

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Parties

Omurundo John Kwendo

Applicant

Maseno University Sacco

Respondent

Procedural Posture

Civil Claim / Judgment

  1. 1 Whether the Respondent owes the Claimant Ksh. 709,302.00 as share refunds.

Ratio Decidendi

The Tribunal found that the Claimant had provided sufficient documentary evidence, including pay slips, an account statement, and a withdrawal letter, establishing that he was a member of the Respondent Sacco and had accumulated deposits totaling Ksh. 709,302. The Respondent failed to provide any substantive rebuttal or evidence to the contrary. On a balance of probabilities, the Tribunal was satisfied that the Claimant was entitled to a refund of his shares. Judgment was therefore entered in favour of the Claimant for the claimed amount, together with costs and interest at Tribunal rates.

Court Disposition

Judgment for the Claimant.

Orders

  • The Respondent shall pay the Claimant Ksh. 709,302 as share refund.
  • The Respondent shall pay interest at Tribunal rates on the sum awarded.