[2021] KEELC 3848 (KLR)

[2021] KEELC 3848 (KLR)

The court held that while it lacks jurisdiction to determine disputes solely concerning the charging of exorbitant interest rates in commercial lending transactions, it retains jurisdiction over issues relating to the process of realization of charged land, including the validity of statutory notices, valuation, and...

Source-derived case information.

Citation
[2021] KEELC 3848 (KLR)
Parties
Applicant: Peter Kiama Maina; Respondent: Industrial Commercial Development Corporation; Respondent: Josmak Company Limited
Court
Environment and Land Court
Court Station
Environment and Land Court at Thika
Jurisdiction
Kenya
Case Number
Environment & Land Case 11 of 2020
Procedural Posture
Notice of Motion Application / Ruling on Interlocutory Injunction
Outcome
application dismissed
Judges
LN Gacheru
Legal Topics
Statutory Power of Sale, Injunctive Relief, Service of Statutory Notices, Valuation of Charged Property, Jurisdiction of Environment and Land Court, Loan Default and Enforcement
Source Language
en
Land and Property Civil Procedure Banking and Finance Statutory Power of Sale Injunctive Relief Service of Statutory Notices Valuation of Charged Property Jurisdiction of Environment and Land Court +1 more

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Parties

Peter Kiama Maina

Applicant

Industrial Commercial Development Corporation

Respondent

Josmak Company Limited

Respondent

Procedural Posture

Notice of Motion Application / Ruling on Interlocutory Injunction

  1. 1 Whether the Environment and Land Court has jurisdiction to determine disputes arising from commercial lending transactions involving charged land.
  2. 2 Whether the Plaintiff/Applicant is entitled to interlocutory injunctive orders restraining the sale of the suit properties by the 1st Defendant/Respondent.

Ratio Decidendi

The court held that while it lacks jurisdiction to determine disputes solely concerning the charging of exorbitant interest rates in commercial lending transactions, it retains jurisdiction over issues relating to the process of realization of charged land, including the validity of statutory notices, valuation, and the exercise of statutory power of sale. Upon review of the evidence, the court found that the 1st Defendant/Respondent had complied with all statutory requirements for service of notices and valuation prior to the intended sale. The Plaintiff/Applicant, having voluntarily charged the properties and received all requisite notices, failed to establish a prima facie case for...

Court Disposition

application dismissed

Orders

  • The Notice of Motion Application dated 13th January 2020 is dismissed in its entirety with costs to the 1st Defendant/Respondent.
  • The interim orders in place are hereby vacated.