[2017] KEHC 1431 (KLR)

[2017] KEHC 1431 (KLR)

The court held that leave to continue a derivative action under Sections 238 and 239 of the Companies Act 2015 is not a condition precedent to instituting the suit, but must be obtained before the suit is continued. The court found that denying leave at this stage would unjustly prevent the plaintiff from pursuing...

Source-derived case information.

Citation
[2017] KEHC 1431 (KLR)
Parties
Plaintiff: Stephen Maina Githiga; Defendant: Kiru Tea Factory Co. Ltd; Defendant: Geoffrey Chege Kirundi
Court
High Court
Court Station
High Court at Nairobi (Milimani Commercial Courts)
Jurisdiction
Kenya
Case Number
Civil Suit 106 of 2017
Procedural Posture
Civil Suit / Application for Leave to Continue as Derivative Action
Outcome
Application for leave to continue as a derivative action allowed.
Judges
A Mbogholi-Msagha
Legal Topics
Derivative Actions, Company Law Procedure, Leave of Court, Shareholder Rights
Source Language
en
Commercial and Corporate Derivative Actions Company Law Procedure Leave of Court Shareholder Rights

Source-derived case record

Summary, issues, holding and outcome

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Parties

Stephen Maina Githiga

Plaintiff

Kiru Tea Factory Co. Ltd

Defendant

Geoffrey Chege Kirundi

Defendant

Procedural Posture

Civil Suit / Application for Leave to Continue as Derivative Action

  1. 1 Whether the plaintiff should be granted leave to continue the suit as a derivative action under Sections 238 and 239 of the Companies Act 2015.
  2. 2 Whether leave is a condition precedent to instituting a derivative action or only required before continuation of such suit.

Ratio Decidendi

The court held that leave to continue a derivative action under Sections 238 and 239 of the Companies Act 2015 is not a condition precedent to instituting the suit, but must be obtained before the suit is continued. The court found that denying leave at this stage would unjustly prevent the plaintiff from pursuing the claim, and that issues of merit raised by the defendants pertain to the substantive hearing rather than the threshold for leave. Accordingly, the application for leave was allowed, enabling the plaintiff to proceed with the derivative action.

Court Disposition

Application for leave to continue as a derivative action allowed.

Orders

  • Leave is granted to the plaintiff to continue the suit as a derivative action.
  • No order as to costs.