Jeruto v Stanbic Bank Kenya Limited & another
Jeruto v Stanbic Bank Kenya Limited & another [2025] KEHC 9064 (KLR)
The court found that the appellant did not qualify as a bona fide purchaser for value because the auction sale was conducted irregularly while the vehicle was an exhibit in a criminal case, and the auctioneer failed to comply with statutory requirements. The vehicle was sold at a gross undervalue, and the appellant failed to conduct adequate due diligence regarding the vehicle's history and the Bank's proprietary interest under the hire purchase agreement. The presumption of ownership under Section 8 of the Traffic Act was rebutted by evidence of irregularity and illegality in the sale. The t…
Source excerpt
- Hire Purchase Disputes
- Bona Fide Purchaser
- Auction Sales
- Ownership Of Motor Vehicles