JUDGMENT
The appellants/plaintiffs obtained judgment against the respondent/ defendant in the High Court. They applied for execution of the decree by attachment and sale of the defendant’s property which was seized by the court broker on May 31, 1982. Before however a sale of the property took place the objectors were appointed joint receivers and managers (receivers) on June 15, 1982 of all the property and assets of the defendant by Development Finance Company of Kenya Ltd under powers contained in two debentures dated December 4, 1978 and October 30, 1981 executed by the defendant in its favour. Notice of their appointment as receivers was filed with the Registrar of Companies. The receivers objected to the attachment and sale of the defendant’s property by the plaintiff under order XXI rule 53 of the Civil Procedure Rules. The plaintiffs having intimated to the court under rule 56 that they proposed to proceed with the attachment, the receivers took objection proceedings under rule…