[2007] KEHC 3448 (KLR)

[2007] KEHC 3448 (KLR)

The court held that although the application for review was not proper as the issue of a bank guarantee was not raised in the previous application, the fundamental purpose of security for stay of execution is to protect the respondent's ability to realize the judgment if the appeal fails. The court found that a bank...

Source-derived case information.

Citation
[2007] KEHC 3448 (KLR)
Parties
Appellant: Lochab Brothers Ltd; Respondent: Lilian Mumbi Nganga; Respondent: Moses Nyongesa; Respondent: Mary Mwaura
Court
High Court
Court Station
High Court at Eldoret
Jurisdiction
Kenya
Case Number
Civil Appeal 114 of 2006
Procedural Posture
Civil Appeal / Ruling on Application for Review and Variation of Security for Stay of Execution
Outcome
Application allowed in part; stay of execution granted on condition of bank guarantee; costs awarded to respondent.
Judges
K Bauni
Legal Topics
Stay of Execution, Security for Decretal Sum, Review of Court Orders
Source Language
en
Civil Procedure Stay of Execution Security for Decretal Sum Review of Court Orders

Source-derived case record

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Parties

Lochab Brothers Ltd

Appellant

Lilian Mumbi Nganga

Respondent

Moses Nyongesa

Respondent

Mary Mwaura

Respondent

Procedural Posture

Civil Appeal / Ruling on Application for Review and Variation of Security for Stay of Execution

  1. 1 Whether the court can review its previous order requiring deposit of decretal sum and substitute it with a bank guarantee as security for stay of execution.
  2. 2 Whether a bank guarantee is an acceptable form of security in place of cash deposit for stay of execution.

Ratio Decidendi

The court held that although the application for review was not proper as the issue of a bank guarantee was not raised in the previous application, the fundamental purpose of security for stay of execution is to protect the respondent's ability to realize the judgment if the appeal fails. The court found that a bank guarantee is as effective as a cash deposit, as it binds the bank to pay the decretal sum if required. Therefore, the court exercised its discretion to grant a stay of execution on condition that the appellant provides a bank guarantee for the decretal sum within 15 days, with the guarantee remaining in force until the appeal is heard and determined. The Deputy Registrar is to...

Court Disposition

Application allowed in part; stay of execution granted on condition of bank guarantee; costs awarded to respondent.

Orders

  • Appellant to deposit a bank guarantee for the decretal sum within 15 days.
  • The bank guarantee must remain in force until the appeal is heard and determined, regardless of duration.