[2025] KECPT 325 (KLR)

[2025] KECPT 325 (KLR)

The Tribunal found that the Claimant was indeed a member of the Respondent Sacco and had made regular savings. The Statement of Account provided by the Respondent, which was not rebutted by the Claimant, showed that as of 30/6/2022, the amount due to the Claimant was Kshs 52,768.72, excluding the non-refundable...

Source-derived case information.

Citation
[2025] KECPT 325 (KLR)
Parties
Applicant: Festus Kyayumbi; Respondent: Metropolitan National Sacco Society Limited
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 39/E024 of 2023
Procedural Posture
Civil Claim / Judgment
Outcome
judgment for claimant
Judges
Janet Mwatsama, B Sawe, F Lotuiya, P. Gichuki, M Chesikaw, PO Aol
Legal Topics
Sacco Member Refunds, Share Capital Non Refundability, Contractual Entitlements, Liquidity Constraints
Source Language
en
Commercial and Corporate Sacco Member Refunds Share Capital Non Refundability Contractual Entitlements Liquidity Constraints

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Downloadable case file Legal principles 2 Authorities cited 1 Party arguments 2 Amounts and remedies 1
Sign in to unlock

Parties

Festus Kyayumbi

Applicant

Metropolitan National Sacco Society Limited

Respondent

Procedural Posture

Civil Claim / Judgment

  1. 1 Whether the Claimant is entitled to a refund of her savings from the Respondent Sacco.
  2. 2 Whether share capital is refundable to the Claimant upon withdrawal of membership.
  3. 3 What is the correct amount due to the Claimant based on the Statement of Account.

Ratio Decidendi

The Tribunal found that the Claimant was indeed a member of the Respondent Sacco and had made regular savings. The Statement of Account provided by the Respondent, which was not rebutted by the Claimant, showed that as of 30/6/2022, the amount due to the Claimant was Kshs 52,768.72, excluding the non-refundable share capital of Kshs 20,000. The Tribunal held that share capital is not refundable as per the Sacco by-laws. The Respondent's liquidity challenges and AGM resolutions did not negate the Claimant's entitlement to her savings. Accordingly, judgment was entered for the Claimant for the sum of Kshs 52,768.72, plus costs and interest.

Court Disposition

judgment for claimant

Orders

  • Judgment entered in favour of the Claimant against the Respondent for Kshs 52,768.72.
  • Respondent to pay costs of the claim to the Claimant.