RULING OF THE COURT
On 22 March 2000 we heard an application by the defendants under rule 5(2)(b) of the Rules of this Court seeking a stay of execution pending the hearing and determination of an intended appeal of the decree of the superior court (Wambilyangah, J.) given on 14 December, 1998 whereby he entered judgment for the plaintiff in the sum of KShs.16,496,996.15 together with interest thereon at 33.5% per annum and at court rates of 12% per annum until payment in full. He also ordered the defendants to pay to the plaintiff the costs of the suit as shall be taxed and certified by a taxing officer together with interest thereon at 12% until payment in full. At the conclusion of the hearing of the application, we dismissed the application with costs. We now give our reasons for doing so. The plaintiff's claim against the first defendant was of fifteen million shillings as a loan or advance or a bill discounting facilities. The second and third defendants executed personal guarant…