Damaris Kavinza Okeyo v Equity Bank Ltd

REPUBLIC OF KENYA IN THE HIGH COURT OF KENYA AT KISUMU Civil Case 207 of 2009 DAMARIS KAVINZA OKEYO........................................APPLICANT/PLAINTIFF VERSUS EQUITY BANK LTD................................................RESPONDENT/DEFENDANT RULING By her notice of motion dated 10-9-2012 the applicant seeks stay of execution pending the hearing and determination of the appeal in the court of appeal. The applicant\'s application for injunction staying the sale of land parcel No. Kisumu/Nyalenda “B”/1947 was dismissed on 23-1-2012. The application is supported by the annexed affidavit of the applicant sworn on 4-9-2012. The net effect of her affidavit is that she has a strong and an arguable appeal. Further, that should the security be sold then she and her family stand to suffer loss and damages. Geofrey Masike Wanyonyi the credit manager of the defendant has sworn a replying affidavit in opposition to the applicant\'s application. He contends that the outstanding balance as at 3-12-2009 was Kshs. 1,346,637.85/= and the same continuous to attract interest. According to him the applicant has no credible appeal hence the need to disallow her application. He further averred that the plaintiff/applicant should deposit the sum of Kshs. 1,346,637.85/= if the application is allowed. It is a common practice now to allow such application conditionally if the court is satisfied that there is such a credible appeal. This is clearly expressed under order of 42 (2) of the Civil Procedure Rules and the sections thereunder I am convinced that the defendant /respondent is not an institution of straw and thus capable of refunding the applicant should she succeed in her appeal. However, equity must be seen to be fair on both sides. The bank at least must be compensated while awaiting the appeal. Equally the applicant should be granted a chance or else the appeal may be rendered nugatory. I shall therefore allow the said application on the following terms:(a) Stay pending appeal is hereby allowed on condition that the applicant/plaintiff pays the sum of (Kshs. 1,000,000/=). to the defendant within the next 30 days from the delivery of this ruling.

page 1 of 2