[2011] KEHC 3941 (KLR)

[2011] KEHC 3941 (KLR)

The court found that the plaintiff, though an unwitting and innocent guarantor and chargor, became so upon execution of the necessary documents. However, the 2nd defendant's fraudulent actions were the root cause of the loss suffered by the plaintiff and the other defendants. The court held that the 2nd defendant,...

Source-derived case information.

Citation
[2011] KEHC 3941 (KLR)
Parties
Plaintiff: Rotich Kimatui; Defendant: Equity Bank Limited; Defendant: Phyllis Cherotich Chemweno; Defendant: Robert Waweru Maina (trading as Antique Auctions Ltd.)
Court
High Court
Court Station
High Court at Eldoret
Jurisdiction
Kenya
Case Number
Civil Case 122 of 2009
Procedural Posture
Civil Case / Ruling
Outcome
The 2nd defendant is ordered to pay the costs of the plaintiff and the 1st and 3rd defendants.
Legal Topics
Statutory Power of Sale, Guarantees and Indemnities, Mortgage Charges, Fraudulent Misrepresentation
Source Language
en
Banking and Finance Land and Property Statutory Power of Sale Guarantees and Indemnities Mortgage Charges Fraudulent Misrepresentation

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Summary, issues, holding and outcome

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Parties

Rotich Kimatui

Plaintiff

Equity Bank Limited

Defendant

Phyllis Cherotich Chemweno

Defendant

Robert Waweru Maina (trading as Antique Auctions Ltd.)

Defendant

Procedural Posture

Civil Case / Ruling

  1. 1 Whether the 1st defendant should be restrained from exercising its statutory power of sale over the plaintiff's property.
  2. 2 Whether the plaintiff, as an unwitting guarantor and chargor, is liable for the loan advanced to the 2nd defendant.
  3. 3 Whether the 2nd defendant is liable for costs incurred by the plaintiff and other defendants due to her financial misconduct.

Ratio Decidendi

The court found that the plaintiff, though an unwitting and innocent guarantor and chargor, became so upon execution of the necessary documents. However, the 2nd defendant's fraudulent actions were the root cause of the loss suffered by the plaintiff and the other defendants. The court held that the 2nd defendant, having benefited from the loan and caused the financial irregularities, must bear responsibility for the resulting costs. The court ordered the 2nd defendant to pay the costs of the plaintiff and the 1st and 3rd defendants, recognizing her as the principal wrongdoer whose actions triggered the litigation and associated losses.

Court Disposition

The 2nd defendant is ordered to pay the costs of the plaintiff and the 1st and 3rd defendants.

Orders

  • The 2nd defendant shall pay the plaintiff's costs.
  • The 2nd defendant shall pay the 1st defendant's costs.