Sarick Construction Ltd and Others v Stanbic Bank Uganda Limited (Miscellaneous Application No. 2982 of 2025)
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 review. The applicants failed to satisfy the test for stay of execution: there was inordinate delay in filing the application (14 months after judgment), no proof of imminent threat of execution, and no demonstration of irreparable harm. The court held that a mortgagor cannot claim substantial loss once property is mortgaged, and that monetary claims do not warrant stay absent proof the judgment creditor cannot repay if the review succeeds.
Outcome
Application for stay of execution dismissed with costs to the respondent
Facts
The respondent bank advanced loan facilities to the first applicant between 2019 and 2022, secured by mortgages over properties at Sekiuhnga, Wakiso District. The first applicant defaulted and the bank obtained a decree in Originating Summons No. 015 of 2023 for recovery of UGX 14,357,098,702 and foreclosure. The applicants filed a review application (MA 2168 of 2025) claiming new evidence from an audit showing they were not indebted to that amount. While the review was pending with ruling scheduled for 10 February 2026, the applicants sought stay of execution, citing an eviction notice dated 14 October 2025. The bank opposed, noting the applicants had acknowledged indebtedness in earlier proceedings and had filed multiple unsuccessful applications seeking time to pay.
Issues
- Whether the Applicant has proven sufficient grounds to warrant the stay of the execution of the decree in Civil Suit No. 015 of 2024?
Orders
- The Applicants' application is dismissed.
- The Applicants shall bear the Respondent's costs of this application.
Rules and key headnotes
Legislation cited (2)
Cases cited (12)
- Iddi Halfani v Hamisa Binti Athuman [1962] EA 761
- Osman Kassim Ramathan v Century Bottling Co (Supreme Court Civil Appeal No. 34 of 2019)
- JUNACO and Others v DFCU (Court of Appeal Civil Appeal No. 145 of 2023)
- Combines Services v Attorney General (Miscellaneous Application No. 200 of 2009)
- Haruna Ssentogo v IM Bank (Miscellaneous Application No. 009 of 2023)
- Kabarema Adonia v Natukunda Marion (Miscellaneous Application No. 0264 of 2021)
- Attorney General v Walugembe Daniel (Court of Appeal Civil Application No. 390 of 2018)
- Omar Awadh Omar and 10 Others v Attorney General (Constitutional Court Civil Application No. 02 of 2015)
- Proline Soccer Academy v Commissioner Land Registration (High Court Miscellaneous Application No. 494 of 2018)
- UMEME Limited v Jane Nankabirwa (High Court Miscellaneous Cause No. 154 of 2021)
- Formula Feeds Limited and Others v KCB Bank (High Court Miscellaneous Application No. 1647 of 2022)
- MATEX COMMERCIAL SUPPLIRES vs euro Bank C 82 Haruna Ssentogo IM BanK MA 009-2023
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.