[2020] KEHC 8647 (KLR)

[2020] KEHC 8647 (KLR)

The court determined that the dispute between the parties is technical in nature, involving reconciliation of loan account statements, and is therefore better suited for resolution through arbitration rather than judicial determination. The court relied on its constitutional and statutory mandate to promote...

Source-derived case information.

Citation
[2020] KEHC 8647 (KLR)
Parties
Plaintiff: Surjit Singh Hunjan; Plaintiff: Darkshan Kaur Hunjan; Defendant: The Deposit Protection Fund Board (sued as the Liquidator of Prudential Building Society)
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Miscellaneous Case 280 of 2008
Procedural Posture
Miscellaneous Application / Ruling on Referral to Arbitration for Account Reconciliation
Outcome
The issue of reconciliation of accounts is referred to arbitration.
Judges
DAS Majanja
Legal Topics
Alternative Dispute Resolution, Arbitration Referral, Account Reconciliation, Liquidation Proceedings
Source Language
en
Commercial and Corporate Civil Procedure Alternative Dispute Resolution Arbitration Referral Account Reconciliation Liquidation Proceedings

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Parties

Surjit Singh Hunjan

Plaintiff

Darkshan Kaur Hunjan

Plaintiff

The Deposit Protection Fund Board (sued as the Liquidator of Prudential Building Society)

Defendant

Procedural Posture

Miscellaneous Application / Ruling on Referral to Arbitration for Account Reconciliation

  1. 1 Whether the dispute regarding reconciliation of loan account statements should be determined by the court or referred to alternative dispute resolution mechanisms.
  2. 2 Whether the court has jurisdiction and power to refer the matter to arbitration given the technical nature of the accounting dispute.

Ratio Decidendi

The court determined that the dispute between the parties is technical in nature, involving reconciliation of loan account statements, and is therefore better suited for resolution through arbitration rather than judicial determination. The court relied on its constitutional and statutory mandate to promote alternative dispute resolution, specifically referencing Article 159(2)(c) of the Constitution, Section 59C of the Civil Procedure Act, and Order 46 rule 20 of the Civil Procedure Rules. Given the parties' agreement to mediation and the technical complexity of the accounting issues, the court exercised its discretion to refer the matter to arbitration, directing that a Certified Public...

Court Disposition

The issue of reconciliation of accounts is referred to arbitration.

Orders

  • The parties shall agree on a single Arbitrator who shall be a Certified Public Accountant to determine the matter within fourteen (14) days from the date hereof.
  • Failing agreement, the Chairperson of the Institute of Certified Public Accountants (ICPAK) shall appoint a Certified Public Accountant as Arbitrator.