Kisumu Urban Apostolate Programmes (KUAP-PANDPIER) v K-Met Savings and Credit Cooperative Society Limited (Tribunal Case 125 of 2020) [2023] KECPT 1074 (KLR) (30 November 2023) (Judgment)
- Court
- Co-operative Tribunal
- Case number
- 1074
- Citation
- [2023] KECPT 1074 (KLR)
- Decided
- 30 November 2023
AI Summary
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Machine-generated — may contain errors. Not legal advice.
TypeCivilPostureClaim against Sacco for refund of deposits and interestCoramHon. Beatrice Kimemia, Hon. J. Mwatsama, Hon. Beatrice Sawe, Hon. Fridah Lotuiya, Hon. Philip Gichuki, Hon. Michael Chesikaw, Hon. Paul Aol
Holding
Judgment in favor of Claimant for refund of deposit, interest, and costs
Facts
Claimant KUAP-PANDPIER deposited Ksh 1,460,000 into K-Met Sacco, which acknowledged the deposit. Claimant withdrew in 2019 and demanded refund, interest, and dividends.
Issues
- Refund of deposit
- Interest on deposit
- Dividends on share capital
Reasoning
Claimant proved deposits and interest, while Respondent denied interest and dividends. Court found deposits were for security and refundable.
Outcome
Claimant wins
Orders
- Refund of deposit of Ksh 1,460,000
- Interest on deposit as declared
- Costs of the suit
Remedies
- Refund of deposit
- Interest on deposit
- Costs of the suit
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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