Case law
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Division and case type: High Court Commercial and TaxCommercial Matters
…be compelled to furnish an account of the accrued interest from the said balance of Kshs. 5,000,000.00 and whether an order should issue to compel them to release the said sum.…
…There is therefore no reason to continue holding onto the accrued interest, and that an account of the accrued interest ought to be furnished to the plaintiff.…
Division and case type: High Court Commercial and TaxCommercial Matters
…She maintained that the accrued interest arose from the defendant’s own delay in satisfying the decree.…
…Counsel argued that although in this case the principal sum and accrued interest were settled on 26th January 2024, interest lawfully accrued between 13th October 2023 and 26th January 2024 and is recoverable. 12. Mr.…
Division and case type: High Court DivCivil Appeal
…Specifically, the Appellant asserts that the magistrate overlooked the fact that the 1 st Respondent defaulted on the repayments, causing interest to accrue during the period of default. 4) The accrued interest by the 1 st…
…interest as at the time the claim was filed.…
Division and case type: High Court Commercial and TaxCommercial Matters
…The Applicant’s case is that it instituted this suit to recover Kshs. 317,766,008/=, representing accrued interest arising from the Respondent's alleged failure to remit deductions made from its employees' emoluments.…
…The Applicant contends that the original Plaint did not sufficiently clarify that the sum claimed was specifically for accrued interest, nor did it provide full particulars demonstrating how that figure was reached. 4.…
Division and case type: High Court Commercial and TaxCommercial Appeal
…interest. 2.…
…The Garnishee further confirmed that the sums held are sufficient to satisfy the decretal amount of Kshs. 186,700/= inclusive of accrued interest. 6.…
Division and case type: High Court Commercial and TaxCommercial Matters
…In the event of breach, SISL reserved the right to demand immediate repayment of the outstanding facility together with accrued interest and charges. 6.…
…Despite numerous reminders, the loan continued to accrue interest.…
Division and case type: High Court Judicial ReviewJudicial Review
…interest, shall stand at Kenya Shillings Sixty-Seven Million, Five Hundred and Fifty-Seven Thousand, Six Hundred and Fifty-Seven and Fifty-Nine Cents (Kes. 67, 557, 859.92/-). 4.…
…interest to 31st January 2024) in High Court Civil Suit No.1311 of 2000 (Associated Automobile Distributors (K) Ltd Vs Municipal Council of Mombasa); and 7.…
Division and case type: High Court CivilCivil Case Miscellaneous
…Upon payment of the said sum and the accrued interest, the Garnishee shall stand discharged from further liability in respect of the attached funds. 9.…
…Upon full satisfaction of the decretal sum and accrued interest, the Garnishee shall stand discharged.…
Division and case type: High Court Anti Corruption and Economic CrimesAnti-Corruption and Economic Crimes Suit
…Assets Recovery Agency, vide a motion dated 26/8/2025 brought under sections 81, 90 and 92 of the Proceeds of Crime and Anti-Money Laundering Act, sought to have Kshs. 14,679,139.65 (plus all accrued interest) held in I&M…
…The only issue for determination is whether the Kshs. 14,679,139.65 (plus all accrued interest) held in I&M Bank account number 03606206276150 in the Respondent's name constitutes proceeds of crime, and, if so, whether the…
Division and case type: High Court Judicial ReviewJudicial Review
…The 1s Respondent is presently unable to deposit the decretal sum amounting to Kshs. 1,338,011,582.76 exclusive of accrued interest because disbursement of such funds must follow established statutory procedures which the…
…To now require the 1 st Respondent to deposit Kshs. 1,338,011,582.76 (exclusive of accrued interest) in respect of the Ex-parte Applicant's decree would disrupt the Order reached before Hon. Lady Justice Aburili. 27.…
Division and case type: High Court CivilCivil Appeal
…That this Honourable court be pleased to order the immediate release and payment to the Respondent/Applicant of the decretal sum amounting to Kshs. 1,006,925 together with accrued interest currently held in a joint interest-earning…
…E112 OF 2023 in respect of the decretal sum of Kshs. 1,113,428 together with the accrued interest held in the joint interest earning account aforementioned. 3.…
Division and case type: High Court CivilCivil Appeal
…That this Honourable court be pleased to order the immediate release and payment to the Respondent/Applicant of the decretal sum amounting to Kshs. 1,006,925 together with accrued interest currently held in a joint interest-earning…
…E112 OF 2023 in respect of the decretal sum of Kshs. 1,113,428 together with the accrued interest held in the joint interest earning account aforementioned. 3.…
Division and case type: High Court Judicial ReviewJudicial Review
…interest at a rate of 14% from the date of filing the suit in Nairobi CMCC No.…
…E427 of 2022 on 25 May 2022 until payment in full plus costs of KES 172,074.09 with accrued interest of 14%. 2.…
Division and case type: High Court DivCivil Appeal
…Keago who, vide a judgment dated 17/03/2022 found the Plaintiff to have proved her case and ordered the Defendant to settle the balance of the decretal sum plus all accrued interest from the date of the decree until payment…
…interest, despite the statutory limitation.…
Division and case type: High Court DivCivil Appeal
…Keago who, vide a judgment dated 17/03/2022 found the Plaintiff to have proved her case and ordered the Defendant to settle the balance of the decretal sum plus all accrued interest from the date of the decree until payment…
…interest, despite the statutory limitation.…
Division and case type: High Court DivCivil Appeal
…Keago who, vide a judgment dated 17/03/2022 found the Plaintiff to have proved her case and ordered the Defendant to settle the balance of the decretal sum plus all accrued interest from the date of the decree until payment…
…interest, despite the statutory limitation.…
Division and case type: High Court Commercial and TaxCommercial Appeal
…The 1st Respondent filed a notice of motion dated 2/7/25 and sought orders compelling Equity Bank to release Kshs. 2,000,000 together with accrued interest, held in joint account no. 1770184888502 in the names of M/s Maina…
…The Applicant therefore prayed that Equity Bank, as an interested and necessary party, be compelled to release the Kshs. 2,000,000 plus accrued interest to it through its advocates, and that costs of the application be awarded…
Division and case type: High Court Commercial and TaxCommercial Matters
…In their letter of 22.06.2022, the Defendants responded that their negotiations were pegged on the understanding that interest was capped and the resultant consent served to waive accrued interest from 25.05.2015 until payment…
…According to the Defendants the amounts claimed comprised accrued interest that stood waived by consent of both parties. 6.…
Division and case type: High Court Commercial and TaxCommercial Miscellaneous
…She also proposes to pay the accrued interest and costs in reasonable installments beginning January 2025.…
…That Ruling has not been set aside or reviewed, and the Advocate remains entitled to execute it unless the decretal sum and accrued interest are fully paid. 5.…
Division and case type: High Court Commercial and TaxCommercial Miscellaneous
…She also proposes to pay the accrued interest and costs in reasonable installments beginning January 2025.…
…That Ruling has not been set aside or reviewed, and the Advocate remains entitled to execute it unless the decretal sum and accrued interest are fully paid. 5.…