Republic v Rangechem Pharmaceuticals Limited Ex-parte COMMERCIAL BANK OF AFRICA LIMITED [2009] KEHC 641 (KLR)
- Court
- High Court of Kenya
- Case number
- 641
- Citation
- [2009] KEHC 641 (KLR)
AI Summary
Beta
Machine-generated — may contain errors. Not legal advice.
TypeApplication for Extension of Time for Registration of ChargePostureApplicant seeks extension of time for registration of a charge over Land Reference Number 209/11011/6 in the names of RANGECHEM PHARMACEUTICALS LIMITED.CoramMUGA APONDI
Holding
The court extends the time for the registration of a charge over Land Reference No. 209/11011/6 in the names of RANGECHEM PHARMACEUTICALS LIMITED for a period of 30 days.
Facts
The applicant, Commercial Bank of Africa Limited, has disbursed Kshs. 25,000,000 to Rangechem Pharmaceuticals Limited, but the charge has not been registered due to a delay in payment of stamp duty and stamping of the charge.
Issues
- Omission to register the charges within the time prescribed in law
- Necessity of registration for validity
- Prejudice to the applicant if the application is not granted
Reasoning
The court extended the time for registration due to the delay in payment of stamp duty and stamping of the charge, and the applicant's need for the charge's validity.
Outcome
The application is granted.
Orders
- Extension of time for registration of a charge over Land Reference No. 209/11011/6 in the names of RANGECHEM PHARMACEUTICALS LIMITED for a period of 30 days.
Authorities cited
Legislation (3)
- Companies Act
- Companies (High Court Rules)
- Civil Procedure Act
Experimental AI summary generated by a language model, not a lawyer. It may contain errors or omissions and must not be relied on for legal decisions — the full judgment below is the authoritative source.
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