Siana Properties Limited & another (Miscellaneous Civil Application 430 of 2026) [2026] KEHC 5279 (KLR) (Commercial and Tax) (18 April 2026) (Ruling)

Siana Properties Limited & another (Miscellaneous Civil Application 430 of 2026) [2026] KEHC 5279 (KLR) (Commercial and Tax) (18 April 2026) (Ruling)

The applicants satisfactorily explained the delay, no prejudice was shown to creditors or shareholders, and the extension sought is reasonable. The court exercises its discretion to extend time for registration under Section 888 of the Companies Act, 2015.

Citation
[2026] KEHC 5279 (KLR)
Parties
Applicant: Siana Properties Limited; Applicant: Prime Bank Limited
Court
High Court
Jurisdiction
Kenya
Judgment Date
18 April 2026
Case Number
Miscellaneous Civil Application 430 of 2026
Procedural Posture
Miscellaneous Civil Application / Ruling on Notice of Motion for Extension of Time to Register Debenture and Charge
Outcome
application allowed
Legal Topics
Registration of Charges, Extension of Time, Debenture, Statutory Compliance
Source Language
English
Company Law Banking Law Registration of Charges Extension of Time Debenture Statutory Compliance

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 4 Authorities cited 4 Party arguments 1 Amounts and remedies 1
Sign in to unlock

Parties

Siana Properties Limited

Applicant

Prime Bank Limited

Applicant

Procedural Posture

Miscellaneous Civil Application / Ruling on Notice of Motion for Extension of Time to Register Debenture and Charge

Legal Issues

  1. 1 Whether the court should exercise its discretion under Section 888 of the Companies Act, 2015 to extend time for registration of the Debenture and Charge

Ratio Decidendi

The applicants satisfactorily explained the delay, no prejudice was shown to creditors or shareholders, and the extension sought is reasonable. The court exercises its discretion to extend time for registration under Section 888 of the Companies Act, 2015.

Court Disposition

application allowed

Orders

  • Time extended for registration of the All Asset Debenture dated 3rd December 2025 and Charge dated 15th December 2025 over Land Title Number NAIROBI/BLOCK218/280.
  • Registrar of Companies directed to register the Debenture and Charge out of time within thirty (30) days or such other period as may be administratively required.