[2022] KEHC 14635 (KLR)

[2022] KEHC 14635 (KLR)

The court found that while a bank guarantee is generally sufficient security for the due performance of a decree, in the circumstances of this case, a bank guarantee alone would not be adequate. The court considered the interests of both parties and the need to balance the right of appeal with the respondent's right...

Source-derived case information.

Citation
[2022] KEHC 14635 (KLR)
Parties
Appellant: Peter Wachira Wanjohi; Appellant: Duncan Musyoka Muia; Respondent: Nyasivi Nguli Mbandi; Respondent: Mary Nduku Mule
Court
High Court
Court Station
High Court at Nairobi (Milimani Law Courts)
Jurisdiction
Kenya
Case Number
Civil Suit E482 of 2022
Procedural Posture
Stay Application / Ruling on Application for Stay of Execution Pending Appeal
Outcome
application allowed with conditions
Judges
JN Mulwa
Legal Topics
Stay of Execution, Security for Decree, Money Decree, Appeal Conditions
Source Language
en
Civil Procedure Stay of Execution Security for Decree Money Decree Appeal Conditions

Source-derived case record

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Parties

Peter Wachira Wanjohi

Appellant

Duncan Musyoka Muia

Appellant

Nyasivi Nguli Mbandi

Respondent

Mary Nduku Mule

Respondent

Procedural Posture

Stay Application / Ruling on Application for Stay of Execution Pending Appeal

  1. 1 Whether the applicants are entitled to a stay of execution pending appeal.
  2. 2 What form of security is appropriate for the due performance of the decree pending appeal.
  3. 3 Whether a bank guarantee alone is sufficient security in the circumstances.

Ratio Decidendi

The court found that while a bank guarantee is generally sufficient security for the due performance of a decree, in the circumstances of this case, a bank guarantee alone would not be adequate. The court considered the interests of both parties and the need to balance the right of appeal with the respondent's right to enjoy the fruits of judgment. Consequently, the court ordered that 50% of the decretal sum be deposited into a joint interest-earning account in the names of the parties' advocates at Family Bank within 30 days, and the remaining 50% be secured by a bank guarantee from Family Bank in favour of the respondent within 28 days. Failure to comply with either condition would...

Court Disposition

application allowed with conditions

Orders

  • Applicant to deposit 50% of the decretal sum into a joint interest earning account in the parties’ Advocates names at Family Bank within 30 days.
  • The balance (50%) to be secured by a bank guarantee from Family Bank in favour of the respondent within 28 days from the date of the ruling.