DAVIS NATHAN CHELOGOI v DIAMOND TRUST BANK LTD
Division and case type: Milimani Commercial CourtsCivil Case
…Osmond upheld a decision of Kuloba J. where the learned Judge found that the interest charged on the principal sum was not only unreasonable but also unconscionable and manifestly excessive.…
…In the present case the defendant has charged interest on arrears in addition to interest due. Indeed, the said interest on arrears forms the highest figure of what is being claimed by the defendant.…