MR. ISAAC KWADWO GYASI vs. MR. KWAKU GYASI AND OTHERS [2019]DLHC9271

Date	2019-02-22
Suit No.	SUIT NO. P/RPC 90/2015
Citation No.	[2019]DLHC9271

HIS LORDSHIP JUSTICE DR. RICHMOND OSEI-HWERE

DANIEL SEKYERE FOR 1ST DEFENDANT/JUDGMENT DEBTOR/APPLICANT

KOFI EDUSEI FOR PLAINTIFF/JUDGMENT CREDITOR/RESPONDENT

[2019]DLHC9271
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													<main id="main" class="content" style="min-height: 60rem" >MR. ISAAC KWADWO GYASI<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>MR. KWAKU GYASI AND OTHERS<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH COURT (COMMERCIAL DIVISION), KUMASI]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SUIT
NO. P/RPC 90/2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DATE:
22ND FEBRUARY, 2019<o:p></o:p>

</div>COUNSEL:<o:p></o:p>DANIEL SEKYERE FOR 1ST
DEFENDANT/JUDGMENT DEBTOR/APPLICANT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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KOFI
EDUSEI FOR PLAINTIFF/JUDGMENT CREDITOR/RESPONDENT<o:p></o:p>

</div>CORAM:<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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HIS LORDSHIP JUSTICE DR. RICHMOND OSEI-HWERE, HIGH COURT
JUDGE<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>The
1st defendant/judgment/applicant (hereinafter referred to as the
applicant) filed this application by motion on notice for stay of execution of
the judgment delivered by this court against him on 16th October,
2018.<o:p></o:p>By
a writ of summons issued on the 24th April, 2015, the plaintiff/judgment
debtor/respondent (hereinafter referred to as the respondent) claimed against
the defendant herein as follows:<o:p></o:p>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of an amount of SEVENTY-FOUR THOUSAND UNITED STATES DOLLARS ($74,000) or its
equivalent in Ghana cedis being the refundable amounted the plaintiff paid to
the defendants.<o:p></o:p>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest at the current commercial bank rate
on the sum claimed in reliefs (A) from December 7, 2014 till date of final
payment <o:p></o:p>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of the sum of NINTEEN THOUSAND, SIX HUNDRED AND FIFTEEN GHANA CEDIS (GH 19,615)
being plaintiff total share of the declared profits from February 2014 to
November 2014<o:p></o:p>d.&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the declared profits in relief c
from November 2014 till date of final payment.<o:p></o:p>The
basis of the application is that the Applicant being dissatisfied with the
judgment of the court, filed a Notice of Appeal on 22nd October,
2018 on the ground that the judgment is against the weight of evidence.<o:p></o:p>The
applicant contends that the appeal is likely to succeed and unless execution is
stayed, the appeal shall be rendered nugatory. Furthermore, applicant says
greater hardship will be suffered by him if execution is not stayed.<o:p></o:p>The
respondent is opposed to the application. The gravamen of his opposition is
that the appeal is not likely to succeed and that the application is calculated
to frustrate him from enjoying the fruits of his well-earned victory in the
case. He also contends in his affidavit in opposition that a stay of execution
will cause greater hardship to him than the defendant/applicant.<o:p></o:p>The
grant of stay of execution is a discretionary power exercised by the court. In
exercising its discretion, the court must take into consideration the competing
rights of the parties. The power to grant stay of execution is an exercise of
judicial discretion which is guided by defined principles.<o:p></o:p>The
legal principles applicable in gra</main>