IN THE COURT OF APPEAL
AT NAIROBI
(Coram: Gicheru, Kwach and Muli, JJ.A)
CIVIL APPLICATION NO. NAI. 72 OF 1994
BETWEEN
1. EAST AFRICAN FINE SPINNERS LIMITED(IN RECEIVERSHIP)..........1ST APPLICANT
2. GRAHAM J. SILCOCK ..............................................................................2ND APPLICANT
3. KENYA COMMERCIAL BANK LIMITED ..............................................3RD APPLICANT
4. KENYA COMMERCIAL FINANCE COMPANY LIMITED....................4TH APPLICANT
AND
BEDI INVESTMENTS LIMITED ......................................................................... RESPONDENT
(An application for stay of execution pending appeal from the ruling of the High Court of Kenya at Nairobi (The Hon Mr Justice A B Shah) dated 13th day of April, 1994
in
HCCC No 384 of 1994)
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RULING
Gicheru JA. As long ago as 1865 Lord Westbury, LC in Chinnock v. The Marchioness of Ely 4 DE G J&S 638 at 646, observed that:
“As soon as the fact is established of the final mutual asse…