Junaco (T) Limited and 2 Others v DFCU Bank Limited (Miscellaneous Application 27 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court dismissed the application for stay of execution pending appeal. The applicants failed to satisfy the majority of the requirements under Order 43 rule 4(3) of the Civil Procedure Rules. They did not demonstrate that the appeal had a reasonable likelihood of success, failed to provide security for due performance of the decree for UGX 5,478,421,071, and did not establish that they would suffer substantial loss beyond the ordinary consequences faced by every judgment debtor. Satisfaction of a money decree does not ordinarily render an appeal nugatory where the respondent is not impecunious and restitution remains available.
Outcome
Application for stay of execution dismissed; applicants have filed notice of appeal but stay refused pending determination of the main appeal
Facts
The respondent bank sued the applicants for recovery of UGX 12,817,499,272 arising from three credit facilities. The court granted partial judgment for UGX 5,478,421,071 being the principal amount agreed by both parties at a meeting on 24 August 2022, while allowing the applicants to defend the residue of the claim. The applicants filed a notice of appeal. The respondent subsequently applied for a garnishee order on 22 December 2022 and an application for attachment of debt on 3 January 2023. The applicants then filed this application on 10 January 2023 seeking to stay execution of the partial judgment pending determination of their appeal, arguing that execution would render the appeal nugatory and that they dispute the quantum of the debt. They did not furnish security for the decretal sum.
Issues
- Whether a stay of execution should be granted pending appeal where the applicant challenges the quantum of a partial judgment for debt recovery.
- Whether the applicants satisfied the requirements under Order 43 rule 4(3) of the Civil Procedure Rules for a stay of execution pending appeal.
- Whether the appeal has a likelihood of success.
- Whether the appeal would be rendered nugatory if a stay is not granted.
- Whether there is an imminent threat of execution of the decree.
- Whether the applicants would suffer substantial loss if execution proceeds.
- Whether the applicants furnished security for due performance of the decree.
Orders
- Application dismissed.
- Costs awarded to the respondent.
Rules and key headnotes
Legislation cited (6)
Cases cited (11)
- Theodore Sekikubo and Four Others v Attorney General (Constitutional Application No. 3 of 2014)
- China Henan International Corporation Group Company Limited v Kyabahwa (Court of Appeal Civil Application No. 101 of 2020)
- Mabu Commodities Limited v Nakitende (High Court Miscellaneous Application No. 530 of 2020)
- Andrew Kisawuzi v Dan Oundo Malingu (High Court Miscellaneous Application No. 467 of 2013)
- Twinamasiko Onesmus v Agaba Aisa and Another (High Court Election Petition No. 702 of 2021)
- 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)
- 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 Propertied Ltd. v. Cheshire County Council [1974] 412 All ER 448
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.