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Kenya: Liquidation of Karuturi Flower Farm to continue

The liquidation of Naivasha based Karuturi Flower farm will continue as planned after the case challenging the appointment of the joint liquidators Thoithi Muniu and Kuria Muchiru, was dismissed by the High Court.

“Despite the repeal of the Companies Act or Part VI of IX of the Act, those Parts and any other provisions of that Act necessary for their operation, continue to apply, to the exclusion of this Act, to any past event and to any step or proceeding, following or relating to that past event even if it is a step or proceeding that is taken after the commencement,” the rulling by High Court Judge Justice Fred Ochieng reads in part.

The High Court appointed Thoithi Muniu and Kuria Muchiru as joint liquidators on 6 April 2016 to help safeguard the assets of the Company, following the winding up order of 30th March to avert a possible crisis and loss given the perishable and sensitive nature of the flower crop.

Read more at The Exchange
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