Webtribe Ltd t/a Jambopay v Jambopay Express Ltd (Commercial Case 159 of 2014) [2026] KEHC 8354 (KLR) (11 June 2026) (Ruling)

Webtribe Ltd t/a Jambopay v Jambopay Express Ltd (Commercial Case 159 of 2014) [2026] KEHC 8354 (KLR) (11 June 2026) (Ruling)

The court held that the Kshs. 2,000,000 was deposited solely as security for stay pending appeal, the appeal was dismissed, appeal costs were paid, and the suit was ultimately concluded by the judgment of 5 June 2025; therefore the security’s purpose had been fully exhausted and no lawful basis existed to continue...

Source-derived case information.

Citation
[2026] KEHC 8354 (KLR)
Parties
Plaintiff: WEBTRIBE LIMITED T/A JAMBOPAY; Defendant: JAMBOPAY EXPRESS LIMITED
Court
High Court
Jurisdiction
Kenya
Case Number
Commercial Case 159 of 2014
Procedural Posture
Commercial Dispute; Motion for Release of Security Deposited for Stay Pending Appeal / Ruling on Defendant’s Notice of Motion for Release of Court Deposit
Outcome
Application allowed
Judges
["MA Otieno"]
Legal Topics
Release of Security for Stay Pending Appeal, Exhaustion of Security After Dismissal of Appeal, Refund of Court Deposit, Costs Following Concluded Proceedings
Source Language
en
Civil Procedure Commercial Law Appellate Procedure Release of Security for Stay Pending Appeal Exhaustion of Security After Dismissal of Appeal Refund of Court Deposit Costs Following Concluded Proceedings

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Parties

WEBTRIBE LIMITED T/A JAMBOPAY

Plaintiff

JAMBOPAY EXPRESS LIMITED

Defendant

Procedural Posture

Commercial Dispute; Motion for Release of Security Deposited for Stay Pending Appeal / Ruling on Defendant’s Notice of Motion for Release of Court Deposit

  1. 1 Whether the defendant was entitled to release of Kshs. 2,000,000 deposited as security for stay of execution pending appeal
  2. 2 Whether any lawful basis existed to retain the deposited funds after dismissal of the appeal and final determination of the suit

Ratio Decidendi

The court held that the Kshs. 2,000,000 was deposited solely as security for stay pending appeal, the appeal was dismissed, appeal costs were paid, and the suit was ultimately concluded by the judgment of 5 June 2025; therefore the security’s purpose had been fully exhausted and no lawful basis existed to continue holding the funds.

Court Disposition

Application allowed

Orders

  • Kshs. 2,000,000 deposited in court on 14 August 2017 shall be released to the defendant through Muthaura Mugambi Ayugi & Njonjo Advocates.
  • No order as to costs.