Dhiman v Shah
Dhiman v Shah [2025] KECA 1264 (KLR)
The Court of Appeal held that setting aside the ex parte judgment of 16th September 1999 nullified all consequential orders, including the vesting order and transfer of the suit property to the respondent. The court found the loan agreement void for unconscionability, as the interest rate of 36% compounded quarterly over decades would result in an oppressive and disproportionate liability, violating principles of fairness and equity. The court rejected the argument that the agreement was illegal under the Banking Act, finding no evidence the respondent was engaged in habitual money lending. T…
Source excerpt
- Loan Agreements
- Unconscionable Contracts
- Public Auction Of Property
- Rectification Of Land Register
- Unjust Enrichment