Dyer & Blair Investment Bank Limited v Capital Markets Authority (Appeal 6 of 2018) [2024] KECMT 782 (KLR) (26 March 2024) (Judgment)
- Court
- KECMT
- Case number
- 782
- Citation
- [2024] KECMT 782 (KLR)
- Decided
- 26 March 2024
AI Summary
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Machine-generated — may contain errors. Not legal advice.
TypeAppealPostureAppeal filed out of timeCoramHON. PAUL LILAN, HON. DR. CONSTANCE GIKONYO, HON. GODWIN WANGONG’U, HON. PAUL WANGA, HON. JOSEPHINE EBOKO
Holding
The appeal is dismissed in its entirety
Facts
The deceased, Patricia Wanjiku Mbugua, had 600 Standard Chartered Bank and 150 Kenya Commercial Bank shares in her account with the Appellant. After her death, her son, John Maina, complained that the shares were fraudulently transferred.
Issues
- Whether the Respondent’s findings were correct regarding the transfer of shares after the deceased’s death
- Whether the Appellant should be allowed to file the appeal out of time
Reasoning
The Tribunal found that the Respondent’s findings were correct and that the Appellant should not be allowed to file the appeal out of time.
Outcome
Appeal dismissed
Orders
- The appeal is hereby dismissed in its entirety
- Each party shall bear its own costs of the Appeal
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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