[2004] KEHC 879 (KLR)

[2004] KEHC 879 (KLR)

The court found that Kimkasagiki Limited, under which the plaintiffs sued as shareholders, had been dissolved in 1990 as evidenced by the Kenya Gazette notice. Section 339(5) of the Companies Act provides that upon such dissolution, the company ceases to exist and its property vests in the government as bona...

Source-derived case information.

Citation
[2004] KEHC 879 (KLR)
Parties
Plaintiff: Benjamin Njegwa & 2 Others; Defendant: Ishmael Jokoyo Awino & 35 Others
Court
High Court
Court Station
High Court at Nakuru
Jurisdiction
Kenya
Case Number
Civil Suit 35 of 2003
Procedural Posture
Civil Suit / Ruling on Application to Strike Out Plaint
Outcome
suit struck out with costs to the 32nd defendant
Legal Topics
Company Dissolution, Locus Standi, Striking Out Pleadings
Source Language
en
Commercial and Corporate Company Dissolution Locus Standi Striking Out Pleadings

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Parties

Benjamin Njegwa & 2 Others

Plaintiff

Ishmael Jokoyo Awino & 35 Others

Defendant

Procedural Posture

Civil Suit / Ruling on Application to Strike Out Plaint

  1. 1 Whether the plaintiffs had capacity to sue as shareholders of a company that had been dissolved.
  2. 2 Whether the suit could be maintained against the defendants given the dissolution of the company.

Ratio Decidendi

The court found that Kimkasagiki Limited, under which the plaintiffs sued as shareholders, had been dissolved in 1990 as evidenced by the Kenya Gazette notice. Section 339(5) of the Companies Act provides that upon such dissolution, the company ceases to exist and its property vests in the government as bona vacantia. As such, the plaintiffs, being shareholders of a non-existent company, lacked the legal capacity to institute the suit. The respondents failed to provide any evidence to the contrary. Consequently, the suit was incompetent and was struck out with costs to the 32nd defendant.

Court Disposition

suit struck out with costs to the 32nd defendant

Orders

  • The suit is struck out.
  • Costs awarded to the 32nd defendant.