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GAZETTE NOTICE NO. 11782
GAZETTE NOTICE NO. 11782
THE INSOLVENCY ACT
APPOINTMENT
PURSUANT to section 563 (2) (b) of the Insolvency Act, 2015, notice is given that effective the 10th August, 2023, Messrs. (1)
Muniu Thoithi and (2) George Weru, of Pricewaterhouse Coopers
Limited, have been appointed as joint administrators (“the
Administrators”) of Jungle Macs (EPZ) Limited (in administration)
(“Jungle Macs” or “the Company”) based in Thika.
Administration proceedings are a legal business rescue process that the stakeholders of a Company are required to consider when a
Company is faced with financial difficulties. The primary objective of administration is to enable an administrator, a licensed insolvency practitioner, to explore the ways of rescuing the company either as a going concern or by achieving a better outcome for the creditors than would be in the case of a liquidation.
With their appointment, the Administrators shall now take control over the assets and the management of the affairs of the Company. 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. Moving forward, all matters, operational or otherwise, pertaining to the affairs of the Company should be directed to the Joint Administrators or their authorised representatives.
The Joint Administrators are currently engaging all key stakeholders of the Company as they seek 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 10th September, 2023.
The Joint Administrators act on behalf of the Company without any personal liability.
All correspondence should be addressed to:
The Joint Administrators, Jungle Macs (EPZ) Limited (In Administration), c/o P.O. Box 43963–00100, Nairobi, Kenya.
ke_junglemacs.administrators@pwc.com
MUNIU THOITHI, MR/5175686 Joint Administrator.
Dated the 10th September, 2023.
MUNIU THOITHI,
Joint Administrator.
Extracted Entities (3)
previous_gazette_ref
11782
person
Muniu Thoithi
George Weru
Details
- Act / Legislation
- THE INSOLVENCY ACT
- Signed By
- MUNIU THOITHI
- Title
- Joint Administrator
- Date Signed
- 10th September 2023
- Page
- 90
- Extraction Method
- regex
Source Gazette
Vol. CXXV No. 195
Published 6th March 2023