[2022] KEHC 1008 (KLR)

[2022] KEHC 1008 (KLR)

The court found that while there was a delay of about six months in filing the application for stay, the delay was not unreasonable in the circumstances. The court further held that the decretal sum of Kshs.12,586,387.58 was substantial, and in the absence of credible evidence of the respondent's financial ability...

Source-derived case information.

Citation
[2022] KEHC 1008 (KLR)
Parties
Appellant: Zebra Lounge Limited; Appellant: Petvenkata Sathya Narayana Abotula; Appellant: Srungarapu Raja Sekhar; Respondent: Modway Investment Limited
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Civil Appeal E566 of 2020
Procedural Posture
Civil Appeal / Stay Application
Outcome
application_allowed_with_conditions
Judges
JK Sergon
Legal Topics
Stay of Execution, Security for Due Performance, Substantial Loss, Delay in Filing, Appeal Process
Source Language
english
Civil Procedure Stay of Execution Security for Due Performance Substantial Loss Delay in Filing Appeal Process

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Downloadable case file Legal principles 2 Authorities cited 1 Party arguments 2 Amounts and remedies 1
Sign in to unlock

Parties

Zebra Lounge Limited

Appellant

Petvenkata Sathya Narayana Abotula

Appellant

Srungarapu Raja Sekhar

Appellant

Modway Investment Limited

Respondent

Procedural Posture

Civil Appeal / Stay Application

  1. 1 Whether the application for stay of execution was made without unreasonable delay.
  2. 2 Whether the applicants demonstrated that they would suffer substantial loss if stay is not granted.
  3. 3 Whether adequate security for the due performance of the decree has been offered.

Ratio Decidendi

The court found that while there was a delay of about six months in filing the application for stay, the delay was not unreasonable in the circumstances. The court further held that the decretal sum of Kshs.12,586,387.58 was substantial, and in the absence of credible evidence of the respondent's financial ability to refund the sum if the appeal succeeded, there was a likelihood of substantial loss to the applicants. The applicants expressed willingness to provide security, and the court determined that the most suitable security would be the deposit of the entire decretal sum in a joint interest-earning account in the names of the parties' advocates. Accordingly, the court granted a...

Court Disposition

application_allowed_with_conditions

Orders

  • There shall be an order for stay of execution of the judgment delivered on 16th August, 2021 on the condition that the applicants deposit the entire decretal sum in an interest earning account to be held in the joint names of the parties’ advocates within 60 days, failing which the order for stay shall automatically...
  • Costs of the application to abide the outcome of the appeal.