[2017] KEHC 5053 (KLR)

[2017] KEHC 5053 (KLR)

The court found that the applicant had satisfied the legal requirements for leave to institute proceedings against a company in liquidation, as set out in the Kenya Deposit Insurance Act and Companies Act. The supporting affidavit and grounds in the application persuaded the court that leave should be granted. The...

Source-derived case information.

Citation
[2017] KEHC 5053 (KLR)
Parties
Plaintiff: Omar Marwa Adan Abdi; Defendant: Liquidation Agent Thabiti Finance Company Limited
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Miscellaneous Case 553 of 2015
Procedural Posture
Miscellaneous Application / Ruling on Ex Parte Application for Leave to Institute Proceedings
Outcome
application allowed
Judges
A Mbogholi-Msagha
Legal Topics
Leave to Sue Under Liquidation, Deposit Insurance Act Procedure, Company Liquidation Proceedings
Source Language
en
Civil Procedure Banking and Finance Leave to Sue Under Liquidation Deposit Insurance Act Procedure Company Liquidation Proceedings

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Downloadable case file Legal principles 2 Authorities cited 4 Party arguments 2
Sign in to unlock

Parties

Omar Marwa Adan Abdi

Plaintiff

Liquidation Agent Thabiti Finance Company Limited

Defendant

Procedural Posture

Miscellaneous Application / Ruling on Ex Parte Application for Leave to Institute Proceedings

  1. 1 Whether the applicant should be granted leave to institute legal proceedings against a company under liquidation.
  2. 2 Whether the application satisfies the requirements under the Kenya Deposit Insurance Act and Companies Act.

Ratio Decidendi

The court found that the applicant had satisfied the legal requirements for leave to institute proceedings against a company in liquidation, as set out in the Kenya Deposit Insurance Act and Companies Act. The supporting affidavit and grounds in the application persuaded the court that leave should be granted. The application was therefore allowed, with the applicant directed to file the intended suit within 30 days.

Court Disposition

application allowed

Orders

  • Leave is granted to the applicant to institute legal proceedings against the respondent.
  • The applicant shall file the intended suit within 30 days from the date of this ruling.