Anab Hussein Arab v Small Enterprises Finance Co Ltd [2005] KEHC 784 (KLR)
- Court
- High Court of Kenya
- Case number
- 784
- Citation
- [2005] KEHC 784 (KLR)
- Decided
- 19 August 2005
AI Summary
Beta
Machine-generated — may contain errors. Not legal advice.
TypeCivil SuitPostureAppeal from a final judgmentCoramMARY KASANGO
Holding
There was no judgment for compound interest in the judgment dated 20th April 2005.
Facts
The plaintiff, Anab Hussein Arab, sought restitution of Kshs 4,500,000 plus interest charged daily and compounded on a daily basis at 30% from 30th May 1997 until the date of payment in full. The defendant, Small Enterprises Finance Co Ltd, argued that the court did not award compound interest.
Issues
- Whether the court awarded compound interest in the judgment dated 20th April 2005.
- Whether the plaintiff's claim for unjust enrichment was accepted by the court.
Reasoning
The court's judgment clearly stated that the rate of interest awarded was 27% per annum, and no compound interest was awarded.
Outcome
Affirmed the judgment of the lower court.
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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