In re Cytton High Yields Solutions (In Liquidation)
In re Cytton High Yields Solutions (In Liquidation) (Insolvency Petition E063 of 2021) [2026] KEHC 12992 (KLR) (Commercial and Tax) (7 August 2026) (Ruling)
The court held that the CHYF investors' joinder application was sub judice and unsupported by adequate proof. As to the Alma units, pre-charge purchasers who proved full payment before 23 August 2019 had equitable interests that outranked SBM's later charge, but only if payment was actually proved. Post-charge purchasers could not bind SBM without its written consent and failed for want of proof and notice. The verification exercise was substantially compliant. The consent was not shown to have been procured by fraud, collusion, or any vitiating factor. Relief was therefore granted only to th…
Source excerpt
- Joinder
- Res judicata
- Sub judice
- Bona fide purchaser for value without notice
- Chargee's power of sale
- Verification of proofs in liquidation