[1] This was 3 applications by the 1st, 2nd and 3rd Defendants ("Defendants") respectively for stay of execution of the Judgment and Order dated 8 December 2023 pending their appeals to the Court of Appeal (collectively "the Applications").

[2] considering the submissions of all parties and the applicable legal principles, I allowed a conditional stay. My reasons are as state below.

[A] Salient Background Facts

[3] The salient facts leading to the Applications are as stated below.

[4] The Plaintiff granted a loan of RM24,500,000.00 to the 1st Defendant pursuant to a Moneylending Agreement dated 13 July 2021 ("the Agreement").

[5] The 2nd, 3rd and 4th Defendants executed guarantees to secure repayment of the loan.

[6] Third party charges were provided by Alam Pahlawan Sdn Bhd over land held under HS(D) 37724] PT