MLJU 1055, Mohamad Shariff Abu Samah JC held that: “………..[15] The Defendant’s primary argument is founded upon the fact that there is an appeal pending before the Court of Appeal and that if the Plaintiff proceeds to take over the concession area of the subject properties, the appeal, if 11 successful, would be rendered nugatory. However, apart from making this blanket statement and stating that monetary compensation would be insufficient, the Defendant has faded to adduce any form of evidence to explain how exactly the appeal would be rendered nugatory since the Court of Appeal may award the Defendant with monetary compensation which based on the evidence available, is sufficient. Nowhere in its affidavits in relation to the application for a stay of execution has the Defendant alleged that if its appeal is successful, the Plaintiff would not be able to refund the judgment sum. There is also no averment that if the Defendant is successful in its counterclaim, the Plaintiff would not be able to pay the sum adjudged on the counterclaim. Likewise, there is no averment or evidence by the Defendant that the Plaintiff is impecunious or insolvent. To my mind, the lack of the aforesaid averments and evidence means the Defendant has failed to show that its appeal, if allowed, would be rendered nugatory…………. ” Similarly, in the case of: Trade Mode Sdn. Bhd. & Anor v. A,C Property Development Sdn. Bhd. (2010) MLJU 1489, Stephen Chung JC held that: “[5] The defendant, if it is a viable and solvent company, should have sufficient funds to run its business efficiently. Therefore, it is difficult to understand the stand taken by the defendant that it is not in a position to pay the monies in the judgment to the plaintiffs and yet it is a viable company and is able to pay the judgment sums if the appeal is against the defendant. As the above two authorities have shown, the paramount consideration is whether the plaintiffs are able to pay back the judgment sums to the defendant if the appeal is 12 successful so that the appeal is not thereby rendered nugatory. In this respect, the defendant merely alleged that the plaintiffs "may not be able to refund the said Judgment sum if the appeal is successful." Not only was the defendant not sure whether the plaintiffs are able to pay the judgment sums to the defendant or otherwise, the defendant also did not in the affidavit set out any reasons or particulars as to why the plaintiffs may not be able to refund the judgment sums if the appeal is successful. The plaintiffs have addressed this issue in paragraphs 16,17 and 18 of their affidavit. The audited reports of the plaintiffs as at 31.12.2008 as exhibited in the affidavit showed that the 1st plaintiff had RM800,000.00 in bank fixed deposits and the 2nd plaintiff had RM1,000,000.00 in bank fixed deposits apart from other assets. Therefore the defendant's allegation that the plaintiffs may not be able to refund the judgment sums if the appeal is successful cannot be supported………. ’’ In any event, even if the Defendant's allegation that the Appeal would be rendered nugatory, to my mind the law is clear that nugatoriness is merely one of the determining factors in considering an application for stay. In Kosma Palm Oil (supra), the Court stated as follows at paragraph 14 of the said judgment: “With regard to the specific factors that constitute special circumstances, I refer again to Government of Malaysia v Datuk Haji Kadir Mohamad Mastan and another application where Ian Chin JC (as he then was) said at pp 520-521: What, then, constitute special circumstances? It was said in Mohamad Mustafa v Kandasami (No 2) [1979] 2 MLJ 126, at p 127, that: 13 'One of the determining factors that calls for consideration is whether by not making an order of stay of the execution it would make the appeal if successful, nugatory in that it would deprive an appellant of the results of the appeal. How pertinent that factor would be may vary according to the circumstances of each particular case………..”