Kenya: Karuturi Directors Challenge Appointment of PWC Liquidators

Directors of the troubled Karuturi Limited have moved to court under a certificate of urgency urging the court to appoint an independent and qualified liquidator to immediately take over the operations of the company from the present liquidators.

In an application filed at the Milimani Commercial Court, the directors claim that the current liquidators from PriceWaterHouse Coopers Limited (PWC) are not independent and have no insolvency practitioners license as provided for under the Insolvency Act 2015.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.