[2017] KEHC 9188 (KLR)

[2017] KEHC 9188 (KLR)

The court found that while the application for stay of execution was made without unreasonable delay and the appellant expressed willingness to provide security, the appellant failed to demonstrate that substantial loss would result if the stay was not granted. The respondent provided credible evidence of financial...

Source-derived case information.

Citation
[2017] KEHC 9188 (KLR)
Parties
Appellant: Kenindia Assurance Company Limited; Respondent: Kling Development Limited
Court
High Court
Court Station
High Court at Nairobi (Milimani Law Courts)
Jurisdiction
Kenya
Case Number
Civil Appeal 54 of 2017
Procedural Posture
Civil Appeal / Ruling on Stay of Execution Pending Appeal
Outcome
application dismissed
Judges
LM Njuguna
Legal Topics
Stay of Execution, Security for Costs, Substantial Loss, Money Decree, Appeal Procedure
Source Language
en
Civil Procedure Stay of Execution Security for Costs Substantial Loss Money Decree Appeal Procedure

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Parties

Kenindia Assurance Company Limited

Appellant

Kling Development Limited

Respondent

Procedural Posture

Civil Appeal / Ruling on Stay of Execution Pending Appeal

  1. 1 Whether the appellant has satisfied the conditions for grant of stay of execution pending appeal.
  2. 2 Whether substantial loss will result to the appellant if stay is not granted.
  3. 3 Whether the respondent is financially capable of refunding the decretal sum if the appeal succeeds.

Ratio Decidendi

The court found that while the application for stay of execution was made without unreasonable delay and the appellant expressed willingness to provide security, the appellant failed to demonstrate that substantial loss would result if the stay was not granted. The respondent provided credible evidence of financial capability to refund the decretal sum in the event the appeal succeeded, including a trial balance showing sufficient resources. The court held that the threat of execution alone does not constitute substantial loss and, therefore, the appellant did not meet the threshold for grant of stay of execution pending appeal. Consequently, the application was dismissed.

Court Disposition

application dismissed

Orders

  • The application dated 17th February, 2017 is dismissed.