Formular Feeds Limited and 3 Others v KCB Bank Limited (Miscellaneous Application 1647 of 2023)
Observed later treatment
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AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
Held that the applicants failed to satisfy the majority of essential requirements for a stay of execution. They did not demonstrate that the appeal had reasonable prospects of success, that execution would render the appeal nugatory, or that they would suffer substantial loss beyond ordinary loss to a judgment debtor. The appeal was conditioned on depositing security for costs which remained unfulfilled almost a year after the order, and execution would not cause irreversible harm where the remedy of restitution remained available.
Outcome
Application for stay of execution dismissed
Facts
The 1st applicant borrowed shs. 3,700,000,000 from the respondent bank secured by mortgages, a debenture and personal guarantees. After litigation, partial consent judgment was entered admitting liability of shs. 2,159,000,000. The trial court judgment of 10 February 2016 found the 1st applicant indebted to the respondent in shs. 4,272,740,116 with interest at 21% per annum, upheld on appeal to the Court of Appeal on 8 July 2019. Execution by attachment and sale of eighteen plots was set aside as illegal because the applicants, being non-citizens, could not own mailo land. Thereafter, the applicants transferred the titles in violation of court orders and were found in contempt. The respondent filed for execution by arrest and imprisonment of the guarantors (2nd, 3rd and 4th applicants). The applicants appealed to the Supreme Court and sought a stay of execution, but had not complied with prior Supreme Court orders to deposit shs. 100,000,000 security for costs and shs. 141,726,801 balance of taxed costs within 45 days of a ruling delivered 24 March 2022.
Issues
- Whether the applicants are entitled to a stay of execution of the decree pending determination of their appeal to the Supreme Court.
Orders
- Application dismissed.
- Costs to the respondent.
Rules and key headnotes
Legislation cited (9)
- Judicature Act s.33
- Civil Procedure Rules s.98
- Civil Procedure Rules Order 43 r.4(1)
- Civil Procedure Rules Order 43 r.4(2)
- Civil Procedure Rules Order 43 r.4(3)
- Civil Procedure Rules Order 43 r.4(5)
- Constitution of the Republic of Uganda 1995 Art.287
- Judicature (Court of Appeal Rules) Directions r.6(2)
- Judicature (Supreme Court Rules) Directions r.30
Cases cited (7)
- Lawrence Musiitwa Kyazze v Eunice Businge (Supreme Court Civil Application No. 18 of 1990)
- Kyambogo University v Prof. Isaiah Omolo Ndiege (Court of Appeal Miscellaneous Civil Application No. 341 of 2013)
- Mulindwa George William v Kisubika Joseph (Supreme Court Civil Application No. 28 of 2014)
- Tropical Commodities Supplies Ltd and Others v International Credit Bank Ltd (in Liquidation) [2004] 2 EA 331
- Alice Wambui Nganga v. John Ngure Kahoro and another, ELC Case No. 482 of 2017 (at Thika); [2021] eKLR
- DFCU Bank Ltd v Dr. Ann Persis Nakate Lussejere (Court of Appeal Civil Appeal No. 29 of 2003)
- Erinford Properties Ltd v Cheshire County Council [1974] 2 All ER 448
Cases citing this judgment (1)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.