Multiple Hauliers (E.A) Limited, one of Kenya’s logistics firms, has been placed under administration following a High Court ruling, as the company grapples with insolvency.
The court appointed an Official Receiver to manage the company’s assets and operations from September 13, 2024, through to December 2024, under Kenya’s Insolvency Act of 2015. As the appointed Administrator, the Official Receiver will oversee the company’s affairs, ensuring all decisions are made in line with the conditions set by the court. Under this administration order, any actions against Multiple Hauliers will require the express consent of either the court or the Administrator, shielding the company from external legal challenges during this period.
The Official Receiver has called for a meeting of creditors, scheduled for November 11, 2024, at 11:00 a.m. at the Administrator’s Office in Nairobi. The agenda includes updating creditors on the status of the administration process, discussing a court-approved term sheet established in September, and outlining potential next steps for the company’s future. This meeting offers creditors a crucial opportunity to gain insight into the ongoing administration efforts and to provide input on the way forward.
Creditors interested in attending are required to submit a Proof of Debt form to the Official Receiver in advance. Claims must be filed via Kenya’s eCitizen portal at www.brsv2.ecitizen.go.ke, where creditors can follow the prompts to submit their claims.
The administration period grants the Official Receiver authority over Multiple Hauliers’ operations without incurring personal liability. This move aims to stabilize the company’s financial standing and evaluate options for restructuring or liquidation, depending on the outcome of the administration process.
