[2025] KECPT 345 (KLR)

[2025] KECPT 345 (KLR)

The Tribunal found that the Claimant was a member of the Respondent Sacco, had made monthly contributions, and had a balance of Kshs. 380,245.98 as at 8/2/2021. The Claimant had no outstanding loans or liabilities at the time of resignation. The Respondent did not dispute the statement of account or provide any...

Source-derived case information.

Citation
[2025] KECPT 345 (KLR)
Parties
Applicant: Isaac Kihiu Muturi; Respondent: Kencom Sacco Society Limited
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 14/E014 of 2023
Procedural Posture
Refund 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 Recovery, Dividend Entitlement
Source Language
en
Commercial and Corporate Sacco Member Refunds Share Capital Recovery Dividend Entitlement

Source-derived case record

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Parties

Isaac Kihiu Muturi

Applicant

Kencom Sacco Society Limited

Respondent

Procedural Posture

Refund Claim / Judgment

  1. 1 Whether the Claimant is entitled to a refund of Kshs. 380,245.98 from the Respondent Sacco upon resignation.
  2. 2 Whether the Claimant is entitled to accrued dividends, interest, and share capital refund.
  3. 3 Whether the Respondent unlawfully withheld the Claimant's contributions.

Ratio Decidendi

The Tribunal found that the Claimant was a member of the Respondent Sacco, had made monthly contributions, and had a balance of Kshs. 380,245.98 as at 8/2/2021. The Claimant had no outstanding loans or liabilities at the time of resignation. The Respondent did not dispute the statement of account or provide any evidence to contradict the Claimant's claim. The Tribunal held that the Claimant was entitled to a refund of his contributions, share capital, and interest as prayed. The Respondent's defence amounted to mere denials without evidentiary support. Judgment was entered in favour of the Claimant for the sum claimed plus costs and interest.

Court Disposition

judgment_for_claimant

Orders

  • The Respondent shall refund the Claimant Kshs. 380,245.98.
  • The Respondent shall pay interest at court rates from 1st February 2021 until payment in full.