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JudgmentNisha Holdings Limited VS Kumkum Distributors Ltd AND Mayank Patel1 min read

Nisha Holdings Limited VS Kumkum Distributors Ltd AND Mayank Patel

High Court at Milimani High Court · · Visram Aleem Alnashir

1. I have considered the application dated 13th February, 2024 together with the affidavits in support and in opposition thereto, the submission of counsel, and the applicable law.

2. Prayer b is granted by consent of the parties and the advocates are granted leave to come on record.

3. Given the willingness of the applicant to satisfy the decree, albeit in installments, I find a stay of the warrants of arrest dated and issued on 8th February 2024 ought to be granted. The warrants are accordingly stayed pending the hearing and determination of all remaining applications on condition that the sum of Kshs 3,000,000 is paid to the decree holder on account of the decretal sum within the next 45 days failing which the stay shall lapse.

4. Prayer e is granted save that the sum to be paid in monthly installments shall be adjusted upwards to the sum of Kshs 250,000 per month, and shall be paid in addition to the lump sum set out above.

5. The applicant shall bear the costs of the application.

6. Orders accordingly. 

    Nisha Holdings Limited VS Kumkum Distributors Ltd AND Mayank Patel Nisha Holdings Limited VS Kumkum Distributors Ltd AND Mayank Patel