Companies
Tuesday, October 3, 2017 9:32
By PHILIP MUYANGA
PrideInn Hotels and Investments Ltd has been put under liquidation for inability to pay a Sh69.3 million debt.
High Court Judge Patrick Otieno allowed the winding up petition filed by Tropicana Hotels Ltd saying the debt is not genuinely disputed.
Justice Otieno further ordered that PrideInn Hotels Investment Ltd, which owns a chain of hotels, be placed under a receiver manager until the debt is paid or discharged.
I appoint the official receiver as the interim liquidator of the company, the order of appointment takes effect forthwith but the official receiver must take charge a…
Read the full article at: http://www.businessdailyafrica.com/corporate/companies/PrideInn-Hotels-put-under-liquidation-over-Sh69m-debt/4003102-4122254-dcvymnz/
