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APPOINTMENT
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GAZETTE NOTICE NO. 15960
GAZETTE NOTICE NO. 15960
THE INSOLVENCY ACT
APPOINTMENT
PURSUANT to section 563 (2) (b) of the Insolvency Act, 2015 of
Kenya, notice is given that effective the 31st August, 2021. Joy
Vipinchandra Bhatt, of Moore JVB Consulting Limited IP No.
OR/IP/024, has been appointed as an Administrator (“The
Administrator”) of Diamond Industries Limited (“DIL” or “The
Company”).
The primary objective of administration is to enable an administrator, a licensed insolvency practitioner, to explore possibility of rescuing the company that is facing financial difficulties either as a going concern or for achieving a better outcome for the creditors than would likely to be the case if the company were liquidated.
With the appointment, the administrator shall now take control over the business assets and the management of the affairs of the company without personal liability. By virtue of the administration, the powers of the directors of the company in terms of dealing and/or transacting with the company’s assets have ceased, unless with the express permission of the administrator. Moving forward, all matters, operational or otherwise, pertaining to the affairs of the company should be directed to the administrator or his authorized representatives.
The administrator is currently engaging all key stakeholders of the
Company to elicit their cooperation as he seeks to achieve the best possible outcome to the current situation of the company.
Creditors of the company are required to send full particulars of any claims they may have against the company to the undersigned on or before 1st October, 2022.
The administrator acts on behalf of the company without any personal liability.
All correspondence should be addressed to:
The Administrator, Diamond Industries Limited (In Administration)
C/o P.O. Box 6995 –00400, Nairobi, Tel: +254 724 887250
Email: Dilpanga.admin@moore-jvb.com
MR/4281155
Dated the 1st October, 2022.
Extracted Entities (1)
previous_gazette_ref
15960
Details
- Act / Legislation
- THE INSOLVENCY ACT
- Date Signed
- 1st October 2022
- Page
- 45
- Extraction Method
- regex
Source Gazette
Vol. CXXIV No. 282
Published 25th February 2022