[2020] KEHC 9400 (KLR)

[2020] KEHC 9400 (KLR)

The court found that the plaintiff is entitled to interest on the unpaid principal sum of Kshs. 5,831,690.90 at the contractual rate of 15% per annum, but only from 1st February 2007, as pleaded in the Amended Plaint, and not from 1st May 2005 as initially sought. The court reasoned that the effective date for...

Source-derived case information.

Citation
[2020] KEHC 9400 (KLR)
Parties
Plaintiff: Mathias Nasubo Ogama; Defendant: Rebman Ambalo Malala
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Civil Case 129 of 2017
Procedural Posture
Notice of Motion / Post Judgment Enforcement Ruling
Outcome
Motion allowed in part; interest awarded from 1st February 2007 until payment in full; each party to bear own costs.
Judges
F Tuiyott
Legal Topics
Contract Enforcement, Interest on Judgment Debt, Retirement Agreement, Breach of Contract
Source Language
en
Commercial and Corporate Contract Enforcement Interest on Judgment Debt Retirement Agreement Breach of Contract

Source-derived case record

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Parties

Mathias Nasubo Ogama

Plaintiff

Rebman Ambalo Malala

Defendant

Procedural Posture

Notice of Motion / Post Judgment Enforcement Ruling

  1. 1 Whether the plaintiff is entitled to interest on the unpaid principal sum as per the Retirement Agreement.
  2. 2 From which date should interest on the unpaid sum accrue.

Ratio Decidendi

The court found that the plaintiff is entitled to interest on the unpaid principal sum of Kshs. 5,831,690.90 at the contractual rate of 15% per annum, but only from 1st February 2007, as pleaded in the Amended Plaint, and not from 1st May 2005 as initially sought. The court reasoned that the effective date for interest must align with the plaintiff's own pleadings, and the plaintiff cannot claim more than what was specifically requested. The court also confirmed that the principal sum due is not in dispute, and the only outstanding issue was the computation and commencement date of interest. The court thus allowed the motion in part, granting interest from the correct date, and ordered...

Court Disposition

Motion allowed in part; interest awarded from 1st February 2007 until payment in full; each party to bear own costs.

Orders

  • Interest on the unpaid principal sum of Kshs. 5,831,690.90 to be paid at 15% per annum from 1st February 2007 until payment in full.
  • Each party to bear its own costs for the motion.