KCC 737/2001
Type
Case
Court
Kuwait Court of Cassation
Jurisdiction
Kuwait
Taxonomy
Litigation Procedure & Practice, Banks, Insurance Contract
Decision date
26 May 2002
Catchwords
Debt - Insurance Contract - Bank Account - Statute of Limitations
This case involved the relevant statute of limitations to be used where the debt involved a current account and there was an insurance contract.
Background
A company filed a case against a company before the court. The company requested the court to order the company to pay 27788 Dinars and annual interest of 7%. The company said that the company owed this amount as a result of insurance contract and it had failed to pay it.
The court ruled that the case should be dismissed due to the statute of limitation.
The company appealed the ruling before the court of appeal. The court dismissed the appealed ruling and ruled that the company should pay the amount and the annual interest.