Parbat Siyani Construction Limited v I & M Bank Limited [2015] KEHC 1663 (KLR)
- Court
- High Court of Kenya
- Case number
- 1663
- Citation
- [2015] KEHC 1663 (KLR)
- Decided
- 27 October 2015
Summary at a glance
TypeCivil ApplicationPosture1st Applicant seeks extension of time to register a charge and debentureCoramOLGA SEWE
Application granted, extension of 45 days provided
Facts
1st Applicant obtained a banking facility from 2nd Applicant, securing it with a Fourth Further Debenture and Supplemental Further Charge. The documents were duly assessed for stamp duty but delayed in registration.
Issues
- Omission to register the charge and debenture within statutory 42 days
- No prejudice to either party if extension is granted
Reasoning
The omission was due to inadvertence, and no prejudice will be caused by the extension.
Outcome
Application allowed
Orders
- Extension of 45 days for registration of the charge and debenture
Authorities cited
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