Kaushik v Damanico Properties Limited (Civil Suit 428 of 2020)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that a Memorandum of Understanding dated 15 August 2015 between parties owning equal shares in land constituted a valid and enforceable contract satisfying all elements under the Contracts Act 2010. The defendant breached the contract by failing to transfer land to a new jointly owned company or, in the alternative, pay the plaintiff half the monetary value of the land. The court directed appointment of an independent valuer to determine the land value within six months, after which the plaintiff would be entitled to half the land's monetary value through sale. Special damages as claimed were not awarded absent agreed valuation. No order as to costs.
Outcome
Plaintiff's claim for breach of contract upheld; defendant ordered to facilitate independent valuation of land; plaintiff entitled to half the monetary value of land following valuation and sale; monetary quantum claims dismissed pending valuation
Facts
In 2015, the defendant was assigned approximately 195 acres of land through a consent judgment. On 15 August 2015, the plaintiff and defendant entered into a Memorandum of Understanding stipulating that the plaintiff was entitled to 50% of the assigned land. The defendant was to register the land in its name and transfer it to a new company jointly owned by both parties by December 2015. The defendant registered the 195 acres in its name in 2018 but failed to form the new company or transfer the land as agreed. The MOU provided that if the defendant failed to transfer the land to the new company, the plaintiff would be entitled to half the monetary value of the land, payable by December 2016 (later December 2019 due to delayed registration). The defendant's former Managing Director, Harshad Damani, who signed the MOU, passed away on 7 October 2016 before land registration was completed. The land was valued by the Chief Government Valuer at Ug.Shs.450,000,000/= per acre in 2019 during compensation for a portion taken for the Entebbe Express Highway. The defendant failed to pay the plaintiff half of the land value or effect the alternative arrangements under the MOU.
Issues
- Whether the Memorandum of Understanding dated 15th August 2015 between the plaintiff and the defendant forms a valid and enforceable contract.
- Whether the defendant is in breach of the Memorandum of Understanding.
- What remedies are available to the parties.
Orders
- Declaration that the Memorandum of Understanding dated 15th August 2015 forms a valid and enforceable contract.
- Declaration that the defendant is in breach of the Memorandum of Understanding.
- Plaintiff and defendant shall agree on an independent valuer to determine the value of the 195 acres of land.
- Valuation of the land shall be completed within 6 months from the date of judgment.
- In case the parties fail to agree on an independent valuer, the Registrar of the court shall appoint a valuer for the parties at their cost.
- Plaintiff entitled to half the monetary value of the land following valuation and practical efforts to secure same through sale of that part of land.
- Special damages of Ug.Shs.30,000,000,000/= not awarded.
- General damages, interest, and other remedies sought not awarded.
- No order as to costs.
Rules and key headnotes
Legislation cited (7)
Cases cited (3)
- Makubuya Enock v Songdoh Films (U) Ltd & Another (HCCS No. 349 of 2017)
- Golden Const. Co Ltd v Stateco (Nig) Ltd (2014) 8 NWLR (pt 1408) p. 171
- National Bank of Kenya v Pipe Plastic Sankolit (K) Ltd & Anor [2001] EA
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.