Stephen Jennings & 4 others v Tatu City Limited & 5 others [2018] KECA 730 (KLR)
- Court
- Court of Appeal
- Case number
- 730
- Citation
- [2018] KECA 730 (KLR)
- Decided
- 23 February 2018
AI Summary
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Machine-generated — may contain errors. Not legal advice.
TypeAppealPostureAppeal from the High Court's ruling and orderCoramASIKE – MAKHANDIA, W. OUKO, K. M’INOTI
Holding
The appeal is allowed with costs.
Facts
Tatu City project loan dispute involving Tatu City Limited and Kofinaf Company Limited. Appellants and respondents had disagreements over the sale of properties to repay a US$ 62.5 million loan and the appointment of an audit firm.
Issues
- Appointment of additional directors
- Removal and replacement of the Chairman of the Board of Directors
- Operation of bank accounts
- Repayment of the loan
- Offshore loan transaction
Reasoning
The court found that no leave was required to institute contempt proceedings and that the learned judge should have imposed a penalty for contempt instead of appointing another firm of auditors.
Outcome
Appeal allowed
Orders
- Allow the appeal with costs
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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