-
St. George’s House, Room 114A Nairobi
-
advocates@atkipadvocates.com
-
Mon – Fri: 9:00 AM – 6:00 PM
-
Location
St. George’s House, Room 114A,
Parliament Road, Nairobi, Kenya - Call Us +254 718 223 093 | +254 741 077 760
- Email Us advocates@atkipadvocates.com
Case Study details
Nakumatt Limited Liquidation
Managing the Complex Process of a Compulsory Liquidation
Nakumatt Limited was subject to compulsory liquidation by High Court order. The Official Receiver was appointed as liquidator, and the legal team led by Kipkurui Cornelius managed all aspects of the liquidation, including asset collection, verification of creditor claims, and court representation.
Name: Kipkurui Cornelius
Categories: Corporate Insolvency
Location: Kenya
Date: High Court Order – Compulsory Liquidation
Status: Completed
Duration: Several Months
Challenges of this Case
The liquidation involved a complex set of tasks including identifying company assets, verifying and settling creditor claims, managing employee redundancies, and representing the company in multiple court matters. The scale of Nakumatt Limited added significant complexity due to the large number of creditors and employees.
- Investigating the causes of insolvency and compiling all company assets.
- Verification and settlement of all creditor claims.
- Representation of the company in ongoing court matters.
- Managing employee redundancies and negotiating settlements for staff affected by liquidation.
Results of this Case
The legal team successfully completed the liquidation process, ensuring that creditor claims were handled fairly, company assets were properly managed and disposed of, and employees were treated in accordance with legal requirements. The team provided full compliance with court directives and protected the interests of all stakeholders throughout the process.
Relevant Partner Experiences
1.4 Insolvency and Debt Restructuring
- Liquidation of Nakumatt Limited – management of compulsory liquidation by High Court, collection and disposal of assets, and verification of creditor claims.
- Representation in all court matters filed against the company during liquidation.
- Investigation into causes of insolvency and ensuring compliance with statutory requirements.
- Coordination with employees, creditors, and other stakeholders to facilitate smooth liquidation process.
Additional Experiences
- Led the liquidation of other major entities including Zealandia East Africa Limited and Uchumi Supermarkets Limited.
- Debt restructuring and insolvency advisory for clients on the verge of financial collapse.
- Company secretarial and regulatory services for corporate clients in East Africa.