JUDGMENT
The two appellants above named (hereafter respectively referred to as Ngobit and Gatarakwa) are seeking an order by this court which will cancel an interlocutory injunction granted by the High Court to the two respondents above named (hereafter jointly referred to as the plaintiffs). Ngobit has an authorised and issued share capital of Kshs 800,000 divided into 40,000 ordinary shares of Kshs 20 each. On April 25, 1978, the mother of the first-named plaintiff, described as Honourable Mrs Violet Mabel Carnegie (hereafter referred to as the deceased), the plaintiffs and a limited liability company - Queensway Nominees (EA) Limited (hereafter jointly referred to as the vendors) - were the registered owners of the Ngobit shares to the extent of their respective holding therein by each of them. Also at that time Ngobit was the registered proprietor, and still is, of three parcels of agricultural land being Land Reference Numbers 9484, 2616 and 2621.
On April 25, 1978, the vendors ent…