Sidian Bank Limited (formerly K-Rep Bank) v Microhouse Technologies Limited [2017] KEHC 4620 (KLR)
- Court
- High Court of Kenya
- Case number
- 4620
- Citation
- [2017] KEHC 4620 (KLR)
AI Summary
Beta
Machine-generated — may contain errors. Not legal advice.
TypeCommercial DisputePostureAppeal from a previous judgmentCoramF. TUIYOTT
Holding
The court orders interest on the outstanding amount at court rates from the date of filing the suit until payment in full.
Facts
In 2008, Sidian Bank Limited granted a facility of Kshs.3,500,005/= to Microhouse Technologies Limited. Additional funds of Kshs.1,400,000 were advanced. The bank claims for repayment of Kshs.6,985,042.29 due to default.
Issues
- Plaintiff's claim for repayment
- Defendant's defense of default
Reasoning
The court found that the defendant had defaulted on repayment and ordered payment of the outstanding amount.
Outcome
Defendant's appeal dismissed
Orders
- Interest on the outstanding amount at court rates from the date of filing the suit until payment in full
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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