[2024] KEELC 3517 (KLR)

[2024] KEELC 3517 (KLR)

The court found that the plaintiff paid Kshs 8,600,000 as a 10% deposit after an auction and that, had forfeiture been effected, the plaintiff would have suffered financial loss. There was no dispute as to the payment or any misconduct by the plaintiff. Applying the principle that costs follow the event and in the...

Source-derived case information.

Citation
[2024] KEELC 3517 (KLR)
Parties
Plaintiff: Ram Equity Limited; Defendant: Mayfair CIB Bank Limited; Defendant: Garam Investment Limited
Court
Environment and Land Court
Court Station
Environment and Land Court at Nairobi
Jurisdiction
Kenya
Case Number
Environment & Land Case E107 of 2023
Procedural Posture
Environment and Land Case / Ruling on Costs and Interest After Consent Settlement
Outcome
Costs and interest awarded to the plaintiff.
Judges
EK Wabwoto
Legal Topics
Costs Follow Event, Interest Award, Auction Deposit, Forfeiture Prevention
Source Language
en
Civil Procedure Land and Property Costs Follow Event Interest Award Auction Deposit Forfeiture Prevention

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Parties

Ram Equity Limited

Plaintiff

Mayfair CIB Bank Limited

Defendant

Garam Investment Limited

Defendant

Procedural Posture

Environment and Land Case / Ruling on Costs and Interest After Consent Settlement

  1. 1 Whether the plaintiff is entitled to costs of the suit following settlement by consent.
  2. 2 Whether the plaintiff is entitled to interest on the sum paid as deposit after auction.
  3. 3 Whether any party's conduct disentitles them to costs or interest.

Ratio Decidendi

The court found that the plaintiff paid Kshs 8,600,000 as a 10% deposit after an auction and that, had forfeiture been effected, the plaintiff would have suffered financial loss. There was no dispute as to the payment or any misconduct by the plaintiff. Applying the principle that costs follow the event and in the absence of any reason to deprive the plaintiff of costs, the court held that the plaintiff is entitled to costs and interest as pleaded. The costs of the suit are awarded to the plaintiff, payable by the defendants, together with interest until payment in full.

Court Disposition

Costs and interest awarded to the plaintiff.

Orders

  • The costs of the suit are awarded to the plaintiff, payable by the 1st and 2nd defendants together with interest until payment in full.