Standard Chartered Bank v Grand Hotel (U) Limited (Civil Suit 81 of 1993)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court dismissed the plaintiff's application for foreclosure and sale of mortgaged property. Although the court held that the suit was not time-barred (the Limitation Act ceased to apply while the property was under Government control following forced appropriation) and the originating summons procedure was proper, the suit failed because the letter of demand dated 15 March 1991 specifying the sums due was unsigned and therefore defective, providing insufficient evidence of the amounts claimed.
Outcome
Application for foreclosure and sale dismissed due to defective demand letter
Facts
In 1965, the defendant company deposited two certificates of title (LVR 217 Folio 25 Plot 4 and LVR 218 Folio 1 Plot 6) with the plaintiff bank as security for loan facilities paid in pounds sterling. The memorandum accompanying the deposit required payment and discharge of all monies and liabilities on demand. In 1972, the mortgaged properties were forcibly appropriated and taken over by Government and transferred to the Departed Asians Properties Custodian Board under the Assets of Departed Asians Decree 1973. The properties were returned to the defendant company in 1991 under the Expropriated Properties Act 1982. On 8 March 1991, the defendant's lawyers demanded release of the title deeds. The plaintiff's lawyers responded on 15 March 1991 with a purported letter of demand for payment of the outstanding account. When the defendant failed to pay, the plaintiff brought this suit by originating summons seeking foreclosure and sale.
Issues
- Whether the action is time barred under the Limitation Act
- Whether the originating summons as filed is the correct procedure
- Whether the plaintiff as Mortgagee of lands comprised in LVR 217 Folio 25 Plot No. 4 and LVR 218 Folio 1 Plot 6 is entitled to foreclosure and sale of the mortgaged property
- Whether the letter of demand dated 15.3.1991 is defective for lack of signature
Orders
- Suit dismissed with costs to the defendant company
- Held that the procedure followed in filing the originating summons was correct
- Held that the suit was not time barred
- Held that the removal of the caveat on land comprised in LRV 218 Folio 1 Plot No. 6 Speke Road was improper or illegal
- Held that the letter of demand dated 15.3.1991 was defective since it was not signed
Rules and key headnotes
Legislation cited (8)
- Civil Procedure Rules Order 34 rule 3A
- Civil Procedure Rules Order 34 rule 7
- Mortgage Decree (No. 17 of 1974) s.2
- Limitation Act s.19(2)
- Limitation Act s.19(3)
- Assets of Departed Asians Decree, 1973 (No. 27 of 1973) s.2(1)
- Assets of Departed Asians Decree, 1973 (No. 27 of 1973) s.4
- Expropriated Properties Act, 1982 (Act No. 9 of 1982) s.17
Cases cited (4)
- Sheikh Mohamed Bashir v United Africa Company (Kenya) Ltd [1959] E.A 864
- Barclays Bank (U) Ltd v John Milton Northcorte and another [1976] H.C.B 34
- Barclays Bank D.C.O. v Gulu Millers Ltd [1959] E.A. 540
- Castelino v Rodrigue [1972] E.A 223
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.