nakumatt t ltd vs kenya commercial bank another 2019 tzhccomd 161 4 september 2019
Petitioner failed to satisfy statutory requirements for administration order under sections 247(3)(a) and (c) of the Companies Act, lacked sufficient assets, viable business, and credible plan for recovery; therefore, administration order cannot be granted.
Source excerpt
- Administration order
- Going concern
- Creditor rights
- Company liquidation