[2025] KECPT 319 (KLR)

[2025] KECPT 319 (KLR)

The Tribunal found that the respondent was a member of the claimant society and had borrowed Kshs. 5,300,000, secured by title deeds and shares. The respondent failed to service the loan as agreed, despite reminders and partial payments. The claimant provided documentary evidence of the loan, the securities, and the...

Source-derived case information.

Citation
[2025] KECPT 319 (KLR)
Parties
Applicant: Safaricom Sacco Society Limited; Respondent: Selina Njeri Wambui Kemama
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case E731 of 2024
Procedural Posture
Tribunal Claim / Judgment
Outcome
claim allowed
Judges
Janet Mwatsama, B Sawe, F Lotuiya, P. Gichuki, M Chesikaw, PO Aol
Legal Topics
Loan Default, Security Enforcement, Specific Performance, Debt Recovery
Source Language
en
Banking and Finance Civil Procedure Loan Default Security Enforcement Specific Performance Debt Recovery

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Parties

Safaricom Sacco Society Limited

Applicant

Selina Njeri Wambui Kemama

Respondent

Procedural Posture

Tribunal Claim / Judgment

  1. 1 Whether the respondent defaulted on the loan agreement with the claimant.
  2. 2 Whether the claimant is entitled to recover the outstanding loan amount and interest from the respondent.
  3. 3 Whether the claimant is entitled to sell the securities deposited by the respondent to recover the debt.

Ratio Decidendi

The Tribunal found that the respondent was a member of the claimant society and had borrowed Kshs. 5,300,000, secured by title deeds and shares. The respondent failed to service the loan as agreed, despite reminders and partial payments. The claimant provided documentary evidence of the loan, the securities, and the outstanding amount. The Tribunal held that the claimant had formally proved its case and was entitled to judgment for the outstanding sum, interest, and costs. The Tribunal further held that, in accordance with the Land Act, the claimant could only sell the deposited securities with leave of the Tribunal, which was granted. The respondent's deposits were insufficient to offset...

Court Disposition

claim allowed

Orders

  • Judgment entered in favour of the claimant against the respondent in the sum of Kshs. 7,303,598.68 together with interest at Tribunal rates from the date of judgment until payment in full.
  • The claimant is at liberty to sell the security properties held under title deed number KJD/Kaputiei North 26619, Kajiado/Kipeto/3912 and Certificate of Title No. CR 47036 by way of public auction to recover the amounts due.