MORGAN AIR SEAFREIGHT LOGISTICS KENYA LTD VS SERENGETI FRESH LTD MISC
The applicant failed to prove any wrongdoing, fraud, concealment, or misuse of the corporate form by the 2nd and 3rd Respondents. The directors acted within their legal mandate, and the company, as a separate legal entity, is solely liable for its debts. The grounds advanced for lifting the corporate veil were misconceived, unsubstantiated, or legally insufficient. The application is dismissed.
Source excerpt
- Lifting/piercing corporate veil
- Judgment execution
- Director liability
- Consent decree
- Winding up