[2007] KEHC 1842 (KLR)

[2007] KEHC 1842 (KLR)

The court found that Sirikwa Motors Limited was indebted to the petitioner in the sum of KShs.350,000, being the value of her motor vehicle unlawfully appropriated by the company, and that the company had failed to pay this debt. The company did not oppose the petition or provide any evidence to the contrary. The...

Source-derived case information.

Citation
[2007] KEHC 1842 (KLR)
Parties
Petitioner: Eunice Van Doorne; Respondent: Sirikwa Motors Limited
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Winding Up Cause 7 of 2004
Procedural Posture
Winding Up Cause / Judgment
Outcome
Petition allowed. Winding up order granted.
Legal Topics
Company Winding Up, Company Inability to Pay Debts, Creditor Petition, Company Liquidation
Source Language
en
Commercial and Corporate Company Winding Up Company Inability to Pay Debts Creditor Petition Company Liquidation

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Parties

Eunice Van Doorne

Petitioner

Sirikwa Motors Limited

Respondent

Procedural Posture

Winding Up Cause / Judgment

  1. 1 Whether Sirikwa Motors Limited is unable to pay its debts to the petitioner.
  2. 2 Whether the petitioner is entitled to a winding up order against the company.
  3. 3 Whether the petitioner is entitled to costs from the assets of the company.

Ratio Decidendi

The court found that Sirikwa Motors Limited was indebted to the petitioner in the sum of KShs.350,000, being the value of her motor vehicle unlawfully appropriated by the company, and that the company had failed to pay this debt. The company did not oppose the petition or provide any evidence to the contrary. The court was satisfied that the company was unable to pay its debts and that the statutory grounds for winding up under section 219 of the Companies Act were met. Accordingly, the court granted the winding up order and awarded costs to the petitioner to be paid out of the assets of the company.

Court Disposition

Petition allowed. Winding up order granted.

Orders

  • The company, Sirikwa Motors Limited, is to be wound up forthwith.
  • The petitioner is awarded costs of the petition, to be paid out of the assets of the company.