[2024] KECPT 76 (KLR)

[2024] KECPT 76 (KLR)

The tribunal found that the respondent admitted owing the claimant the specific and liquidated sum of Kshs. 998,400 as deposits. The respondent failed to provide any evidence of partial payment, a repayment schedule, or bona fide efforts to settle the debt over a period exceeding four years. The tribunal held that...

Source-derived case information.

Citation
[2024] KECPT 76 (KLR)
Parties
Applicant: Charles Okadia Otieno; Respondent: Miliki Savings & Credit Sacco Limited
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case 332 of 2021
Procedural Posture
Tribunal Claim / Judgment
Outcome
Claim partly allowed; judgment entered for refund of deposits, claim for shares dismissed.
Judges
BM Kimemia, B Sawe, F Lotuiya, P. Gichuki, M Chesikaw, PO Aol
Legal Topics
Sacco Member Withdrawal, Refund of Deposits, Liquidated Claims
Source Language
en
Commercial and Corporate Sacco Member Withdrawal Refund of Deposits Liquidated Claims

Source-derived case record

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Parties

Charles Okadia Otieno

Applicant

Miliki Savings & Credit Sacco Limited

Respondent

Procedural Posture

Tribunal Claim / Judgment

  1. 1 Whether the respondent is obligated to refund the claimant's deposits upon withdrawal of membership.
  2. 2 Whether the respondent's delay in refunding the deposits is justified under the circumstances.
  3. 3 Whether the claimant is entitled to costs and interest.

Ratio Decidendi

The tribunal found that the respondent admitted owing the claimant the specific and liquidated sum of Kshs. 998,400 as deposits. The respondent failed to provide any evidence of partial payment, a repayment schedule, or bona fide efforts to settle the debt over a period exceeding four years. The tribunal held that the respondent's financial difficulties did not justify indefinite delay, and that justice required the claimant to be refunded without further delay. The claim for refund of shares was denied as they were non-withdrawable. The tribunal entered judgment on admission for the deposits, with costs and interest from the date of filing.

Court Disposition

Claim partly allowed; judgment entered for refund of deposits, claim for shares dismissed.

Orders

  • The respondent to refund the claimant his deposits of Kshs. 998,400.
  • Prayer for refund of shares in the sum of Kshs. 20,000 is dismissed as they are non-withdrawable shares.