Tag: #InsolvencyAct
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Important Update on Appointment of Administrators Under the Insolvency Act
Author: Gideon Kamau Muturi The High Court of Kenya recently delivered a key ruling in I&M Bank Limited v Mitini Scapes Development Limited KEHC 5491, clarifying the procedure and limitations relating to the appointment of company administrators by debenture holders whose security predates the Insolvency Act (Act No. 18 of 2015). The Key take aways…