In re Malde Holdings Limited (Insolvency Cause E030 of 2021) [2024] KEHC 1321 (KLR) (Commercial and Tax) (16 February 2024) (Ruling)
- Court
- High Court of Kenya
- Case number
- 1321
- Citation
- [2024] KEHC 1321 (KLR)
- Decided
- 16 February 2024
AI Summary
Beta
Machine-generated — may contain errors. Not legal advice.
TypeInsolvencyPostureApplication for extension of administrationCoramA. MABEYA, FCI Arb, EBS
Holding
The court granted the extension of the administration period for a further 12 months.
Facts
Malde Holdings Limited was placed under administration on 28/7/2022 and the term was set to end on 28/7/2023. The administrator, Mr. Harveen Gadhoke, has been running the company's affairs for 11 months and has uncovered irregularities and fraud.
Issues
- Extension of the administration period
- Fraudulent preference and re-entry applications
Reasoning
The court found that the extension was necessary to allow the administrator to complete the engagement with interested parties, regularize title documents, and realize the assets of the company.
Outcome
Granted
Orders
- Extension of the administration period for a further 12 months
Authorities cited
Legislation (1)
- Insolvency Act No. 18 of 2015
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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