Kenpong Travel & Tours Limited, one of Ghana’s most recognisable travel and tourism companies and a major organiser of supporter travel to international football tournaments, is facing a winding-up petition at the Commercial Division of the High Court in Accra over an alleged unpaid judgment debt of GHS2.55 million.
Winding-up in company law is the legal process by which a company is brought to an end, its assets are collected and sold, its debts are paid, and any remaining funds are distributed to shareholders before the company is dissolved.
The petition, filed by First Atlantic Bank Limited under the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), seeks an order for the…