Nyanza Spinning & Weaving Mills Ltd v Credit Bank Limited & 2 others [2013] KEHC 1636 (KLR)
- Court
- High Court of Kenya
- Case number
- 1636
- Citation
- [2013] KEHC 1636 (KLR)
- Decided
- 9 October 2013
AI Summary
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Machine-generated — may contain errors. Not legal advice.
TypeCivilPostureAppeal from a previous judgmentCoramApondi, Emukule, Khaminwa, Majanja, Todd, Tuiyott, Waweru
Holding
The Court ordered the Plaintiff to deposit Shs. 25,000,000/- as security for the first Defendant's costs.
Facts
The Plaintiff is seeking security for costs from the Defendants due to their previous unsuccessful defense in a similar suit. The Defendants have now filed similar applications for security for costs.
Issues
- Whether the Plaintiff should be ordered to deposit security for costs
- Whether the Defendants' applications are valid under the Companies Act
Reasoning
The court found that the Defendants had a good defense and that the Plaintiff was heavily indebted to the first Defendant.
Outcome
The Plaintiff was ordered to deposit Shs. 25,000,000/- as security for the first Defendant's costs.
Orders
- The Plaintiff to deposit Shs. 25,000,000/- as security for the first Defendant's costs
Authorities cited
Legislation (1)
- Companies Act
Cases cited (1)
- Pearson & Anor. v Naydler & Ors. (1977) 3 All ER 531
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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