Kamiti v Equity Bank Limited & 6 others (Civil Appeal 662 of 2019) [2025] KECA 1761 (KLR) (24 October 2025) (Judgment)
- Court
- Court of Appeal
- Case number
- 1761
- Citation
- [2025] KECA 1761 (KLR)
- Decided
- 24 October 2025
AI Summary
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Machine-generated — may contain errors. Not legal advice.
TypeCivil AppealPostureAppeal from the judgment and order of the High Court of Kenya at Nairobi (Tuiyott J) dated 31st May 2018 in Nairobi HCCC. No. 543 of 2010CoramW. KARANJA, S. GATEMBU KAIRU, L. ACHODE
Holding
The appeal and cross-appeal are dismissed. The court orders that each party shall bear their own costs of the appeal.
Facts
The appellant, Samuel Gachie Kamiti, was an employee of Equity Bank Limited who purchased ESOP shares. He resigned on 2nd March 2010 and filed a suit against the respondents, claiming he was forced to resign and was entitled to the accrued value of his shares and other damages.
Issues
- The appellant's claim for the accrued value of his ESOP shares and damages for lost investment income.
- The appellant's claim for interest at a commercial rate of 20% per annum.
Reasoning
The court found that the appellant did not prove that he should have been awarded a commercial rate of 20% interest. The court exercised its discretion to award interest at court rates from the date of filing suit until payment.
Outcome
Appeal and cross-appeal dismissed
Orders
- Each party shall bear their own costs of the appeal.
Authorities cited
Cases cited (1)
- Mbogo & Another vs. Shah [1968] EA 98
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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