CFC Financial Services v Juja Road Fancy Store Limited [2017] KECA 171 (KLR)
- Court
- Court of Appeal
- Case number
- 171
- Citation
- [2017] KECA 171 (KLR)
- Decided
- 17 November 2017
AI Summary
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Machine-generated — may contain errors. Not legal advice.
TypeAppealPostureAppeal from a High Court Order granting a mandatory injunctionCoramE. M. GITHINJI, H. M. OKWENGU, J. MOHAMED
Holding
The appeal is dismissed. The High Court’s order granting a mandatory injunction is upheld.
Facts
The respondent entrusted the appellant (a stock broker) to deal with the respondent’s Central Deposit System Account (CDS Account) professionally. The appellant, without any authority, purchased 10,000 shares of ICDC Investment Company Limited worth Kshs. 4,379,124.00.
Issues
- Whether the High Court erred in granting a mandatory injunction to reverse and cancel the purchase of shares
- Whether the High Court misdirected itself in exercising its discretionary power
Reasoning
The Court found no misdirection by the High Court and the exercise of discretion was not clearly wrong.
Outcome
Appeal dismissed
Orders
- The mandatory injunction issued by the High Court is upheld
Experimental AI summary generated by a language model, not a lawyer. It may contain errors or omissions and must not be relied on for legal decisions — the full judgment below is the authoritative source.
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