CP Cables has written to Wananchi Group (K) Limited, demanding payment of Ksh.46.9 million, setting the stage for potential liquidation proceedings at the High Court in Nairobi.
The demand, issued under the Insolvency Act, 2015, was filed before the Commercial and Tax Division of the High Court as Insolvency Cause No. E017 of 2026. CP Cables says the sum represents an outstanding commercial debt and has given Wananchi 21 days to settle, secure the payment, or convince the court that a valid counterclaim or set-off exists.
Court documents indicate that Wananchi must remit the payment directly to CP Cables or through its legal representatives, Madhani Advocates LLP. Failure to comply could see CP Cables petition the court…