JUDGMENT

Gopal Sri Ram JCA:

[1] This is the judgment of the court.

[2] On 15 June 2004, the High Court of Penang entered judgment against the instant appellant for the following amounts:

(a) the sum of RM6,055,667.15 (Ringgit Malaysia Six Million Fifty Five Thousand Six Hundred Sixty Seven and Fifteen Sen only);

(b) interest at the rate of 10.25% per annum on monthly rest in respect of the first RM5,000,000 and interest at the rate of 12% per annum on monthly rest in respect of the sums above RM5,000,000 starting from 1 October 1988 until the date of filing of this action, that is 12 January 1989; and

(c) interest at the rate of 8% per annum on the sum of RM6,055,667.15 starting from 13 January 1989 until the date of full settlement.

Costs were also awarded. The appellant appealed against that judgment to us. On Monday, 21 April 2008, this court was moved on an application for a stay of the above judgment. Upon being informed that the record of appeal has been filed since 2004, we directed that the appeal proper to be heard today and adjourned the motion for stay be taken together with the appeal. The appeal now having been fully argued on its merits, the motion is rendered academi