[2025] KEHC 6296 (KLR)

[2025] KEHC 6296 (KLR)

The court found that the appellant failed to discharge the burden of proof required to establish that the respondent's valuation of the charged properties was inaccurate or constituted an undervalue at the time of the intended auction. The only contemporaneous valuation before the court was that of the 1st...

Source-derived case information.

Citation
[2025] KEHC 6296 (KLR)
Parties
Appellant: Jeremiah Kennedy Otundo Oagare; Respondent: Bank of Africa Kenya Limited; Respondent: Keysian Auctioneers
Court
High Court
Court Station
High Court at Kisii
Jurisdiction
Kenya
Case Number
Civil Appeal 101 of 2023
Procedural Posture
Civil Appeal / Judgment
Outcome
Appeal dismissed with costs to the respondents.
Judges
DKN Magare
Legal Topics
Statutory Power of Sale, Property Valuation, Loan Default, Burden of Proof, Remedies for Undervalue, Costs Award
Source Language
en
Banking and Finance Land and Property Civil Procedure Statutory Power of Sale Property Valuation Loan Default Burden of Proof Remedies for Undervalue +1 more

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Parties

Jeremiah Kennedy Otundo Oagare

Appellant

Bank of Africa Kenya Limited

Respondent

Keysian Auctioneers

Respondent

Procedural Posture

Civil Appeal / Judgment

  1. 1 Whether the lower court erred in finding that the appellant did not prove undervaluation of the charged property.
  2. 2 Whether the statutory power of sale was properly exercised by the 1st respondent.
  3. 3 Whether the appellant was denied a fair hearing or notice of judgment and ruling.

Ratio Decidendi

The court found that the appellant failed to discharge the burden of proof required to establish that the respondent's valuation of the charged properties was inaccurate or constituted an undervalue at the time of the intended auction. The only contemporaneous valuation before the court was that of the 1st respondent, which was conducted by an accredited valuer and reflected a market value of Ksh. 9,000,000 and a forced sale value of Ksh. 6,750,000. The appellant's own valuation was conducted years later and did not reflect the value at the material time. The court held that the statutory power of sale was properly exercised in compliance with the Land Act, and all procedural...

Court Disposition

Appeal dismissed with costs to the respondents.

Orders

  • The appeal is dismissed with costs to the respondents.
  • The appellant has a right of appeal within 14 days.