Case Digest-How Courts Interpret Company Meetings

Case Digest-How Courts Interpret Company Meetings - Case...

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Case Digest Case Title: John Peter Kamau Ruhangi & 5 Others vs Kenda Investment Ltd & 2 Others - 529 of 2011 Court: HIGH COURT OF KENYA MILIMANI COMMERCIAL AND ADMIRALTY DIVISION Judge: J. M. MUTAVA Brief Statement of Facts : The contention by the plaintiffs is that they are members of the 1 st defendant companies, being shareholders in the company. i) That the 2 nd and 3 rd defendants have been running the affairs of the 1 st defendant company without involving the plaintiffs and other shareholders, contrary to the memorandum and Articles of Association of the company. The plaintiffs allege that the 2 nd and 3 rd defendants have been holding meetings of the company with selected members leaving the plaintiffs out. ii) They further aver that the 2 nd and 3 rd defendants have not been filing annual returns of the company and have not been providing proper accounts of the company . iii) That due to the fraudulent manner in which the 2 nd and 3 rd defendants have been running the company, the fate of the company’s real and other assets, including a property known as Kenda House, Nairobi and L.R. No. 202/11092, City Park Nairobi, cannot be ascertained.
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  • Summer '17
  • Law, Complaint, Pursuer, Injunction

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