[2022] KECPT 894 (KLR)

[2022] KECPT 894 (KLR)

The Tribunal found that the claimants, having acted as guarantors and settled the respondent's loan obligations upon his default, are entitled to recover from the respondent the amounts deducted from their salaries, dividends, savings, and shares by Mwalimu Sacco. The legal basis is that a guarantor who pays the...

Source-derived case information.

Citation
[2022] KECPT 894 (KLR)
Parties
Applicant: David Nyongesa Murambi; Applicant: Claimant 2; Applicant: Claimant 3; Applicant: Claimant 4; Respondent: Gakuo Joseph Kariuki
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 183 of 2021
Procedural Posture
Civil Claim / Judgment
Outcome
Claim allowed in part; reimbursement of specific deducted amounts to claimants, costs and interest awarded; claim for full loan amount dismissed.
Judges
M Mwatsama, B. Akusala, P. Gichuki
Legal Topics
Guarantee Liability, Loan Default, Recovery of Debt, Rights of Guarantor
Source Language
en
Civil Procedure Banking and Finance Guarantee Liability Loan Default Recovery of Debt Rights of Guarantor

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 Party arguments 2 Amounts and remedies 4
Sign in to unlock

Parties

David Nyongesa Murambi

Applicant

Claimant 2

Applicant

Claimant 3

Applicant

Claimant 4

Applicant

Gakuo Joseph Kariuki

Respondent

Procedural Posture

Civil Claim / Judgment

  1. 1 Whether the claimants, as guarantors, are entitled to reimbursement from the respondent for amounts deducted by the Sacco to settle the respondent's defaulted loan.

Ratio Decidendi

The Tribunal found that the claimants, having acted as guarantors and settled the respondent's loan obligations upon his default, are entitled to recover from the respondent the amounts deducted from their salaries, dividends, savings, and shares by Mwalimu Sacco. The legal basis is that a guarantor who pays the debt of the principal debtor steps into the shoes of the creditor and can pursue the principal debtor for reimbursement. The Tribunal rejected the claim for the full loan amount, limiting recovery to the actual sums deducted from each claimant. The respondent's failure to appear or contest the claim further supported the Tribunal's decision to grant the claimants' prayers for...

Court Disposition

Claim allowed in part; reimbursement of specific deducted amounts to claimants, costs and interest awarded; claim for full loan amount dismissed.

Orders

  • Respondent to pay 1st claimant Ksh 405,739.00.
  • Respondent to pay 2nd claimant Ksh 58,913.00.