Tanzania National Roads Agency v Kundan Singh Construction Ltd (In Receivership) & another
Tanzania National Roads Agency v Kundan Singh Construction Ltd (In Receivership) & another [2025] KEHC 10555 (KLR)
The court held that it was not functus officio in respect of determining the commercial rate of interest for execution of the decree, as this issue pertained to the execution, discharge, or satisfaction of the judgment and thus fell within the court's jurisdiction under Section 34 of the Civil Procedure Act. The court accepted the objective evidence provided by certified public accountants, based on Central Bank of Kenya rates, to fix the applicable commercial interest rates for each year from 2010 to 2024. However, the court declined to grant leave for execution before taxation of costs, fin…
Source excerpt
- Execution Of Decrees
- Interest Rates
- Functus Officio
- Taxation Of Costs