Ashiraf Kironde v Bank Of Africa Uganda Limited [2024] UGCOMMC 462
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Court dismissed the application for stay of execution pending appeal. The applicant failed to satisfy the majority of essential requirements under Order 43 rule 4(3) of the Civil Procedure Rules. The court found no imminent threat of execution, no substantial loss that could not be compensated by restitution, and no security deposited for due performance of the decree.
Outcome
Application for stay of execution dismissed
Facts
The applicant obtained a loan facility of UGX 880,000,000 from the respondent bank, secured by mortgages over various properties. Upon default, the respondent foreclosed and sold some mortgaged properties, then filed civil suit no. 0415 of 2014 to recover an outstanding balance of UGX 1,208,214,548. Judgment was entered in favour of the respondent on 9 January 2023 for UGX 705,301,666. The applicant filed civil appeal no. 0120 of 2023 in the Court of Appeal and subsequently this application for stay of execution on 8 April 2024 after being served with a taxation hearing notice on 5 April 2024.
Issues
- Whether the execution of the decree in civil suit no. 0415 of 2014 should be stayed pending the determination of the appeal.
Orders
- Application dismissed.
- Costs awarded to the respondent.
Rules and key headnotes
Legislation cited (4)
Cases cited (12)
- Lawrence Musiitwa v Itobu Margret (HCMA No. 0160 of 2022)
- Ntege Mayambala v Christopher Mwanje (HCMA No. 72 of 1991)
- Theodore Ssekikubo & others v Attorney General & others (Constitutional Application No. 03 of 2014)
- Kyambogo University v Prof. Isiah Omolo Ndiege (C.A.C.A No. 341 of 2013)
- Formula Feeds Ltd v KCB Bank Ltd (HCMA No. 1647 of 2022)
- Baguma Paul T/A Panache Associates v Eng. Karuma Kagyina (HCMA No. 460 of 2020)
- Orient Bank Ltd v Zaabwe & Others (HCMA No. 19 of 2006)
- Tanzania Cotton Marketing Board v Coqecot Cotton Co. SA (1995-1998) 1 E.A 312
- Bansidhav v Pribku Dayal AIR 41 1954
- Kisaalu Joseph & 10 others v Nakintu May & Anor (Miscellaneous Application No. 105 of 2020)
- Nkonge Rugadyain Shem Mpanga Mukasa & Anor v Kizza Clessy Barya (Miscellaneous Application No. 479 of 2021)
- Wandera Micheal v Baguma Samalie (Miscellaneous Application No. 36 of 2021)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.