In re Afriwell Limited (Miscellaneous Application 400 of 2026) [2026] KEHC 4876 (KLR) (Commercial and Tax) (16 April 2026) (Ruling)

In re Afriwell Limited (Miscellaneous Application 400 of 2026) [2026] KEHC 4876 (KLR) (Commercial and Tax) (16 April 2026) (Ruling)

The delay in registration was excusable, procedural, and rectifiable, with no prejudice to creditors or members. The Applicants provided a reasonable explanation, and the Court exercised its discretion to extend time under Section 888(1) of the Companies Act.

Citation
[2026] KEHC 4876 (KLR)
Parties
Applicant: I & M Bank; Applicant: Afriwell Limited
Court
High Court
Jurisdiction
Kenya
Judgment Date
16 April 2026
Case Number
Miscellaneous Application 400 of 2026
Procedural Posture
Miscellaneous Application / Ruling
Outcome
application allowed
Legal Topics
Registration of Charges, Extension of Time, Procedural Compliance
Source Language
English

Case Brief

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Parties

I & M Bank

Applicant

Afriwell Limited

Applicant

Procedural Posture

Miscellaneous Application / Ruling

  1. 1 Whether leave should be granted to register the Charge dated 5th February, 2026 at the Companies Registry out of time

Ratio Decidendi

The delay in registration was excusable, procedural, and rectifiable, with no prejudice to creditors or members. The Applicants provided a reasonable explanation, and the Court exercised its discretion to extend time under Section 888(1) of the Companies Act.

Court Disposition

application allowed

Orders

  • Time to register the Charge dated 5th February, 2026 at the Companies Registry is extended for 30 days from the date of the order.
  • Costs of the application be in the cause.