Zipporah Wambeti Kinyua & another v K-Rep Bank Ltd & another [2013] KEHC 2044 (KLR)
- Court
- High Court of Kenya
- Case number
- 2044
- Citation
- [2013] KEHC 2044 (KLR)
AI Summary
Beta
Machine-generated — may contain errors. Not legal advice.
TypeCivilPostureAppeal from a lower court decisionCoramP.M. NJOROGE
Holding
The court denied the application for an injunction and did not declare the variation of interest and charges as illegal and unlawful.
Facts
The applicants obtained a loan of Kshs 3,200,000/= from the 1st defendant. They claim the 1st defendant engaged the 2nd defendant to sell and auction the land, which they use for a school business. The applicants argue that the interest rate and charges were varied without written notification, causing them financial difficulties.
Issues
- Whether the applicants can obtain an injunction to prevent the sale of the land
- Whether the applicants can be declared the variation of interest and charges as illegal and unlawful
Reasoning
The court found no dispute that the applicants obtained a loan, but the court did not find the applicants' claim of illegal charges and interest rate variation to be valid.
Outcome
The application was dismissed
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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