Pan Afric Commodities Limited (In Receivership) and 2 Others v Kare Distributors Limited and 2 Others (Miscellaneous Application 2313 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that a director of a company in receivership lacks locus standi to institute proceedings on behalf of the company without the receiver's sanction or court approval. Under the Insolvency Act, a receiver assumes primary authority over the company's assets and business, displacing the directors' powers. The application was struck out for want of locus standi, as the proper party to bring proceedings is the receiver, not the director.
Outcome
Application struck out for want of locus standi
Facts
The 1st respondent obtained judgment against the applicants in civil suit 665 of 2019 and commenced execution proceedings. The applicants filed an application for review of that judgment (Miscellaneous Application 2299 of 2025) and sought stay of execution pending the review, claiming threat of substantial loss from execution of the decree. The 1st applicant is a company in receivership. The respondents raised a preliminary objection that the 1st applicant, being in receivership, lacked locus standi to bring the application through its director without the receiver's sanction.
Issues
- Whether the applicants have fulfilled the conditions necessary for a grant of an order for stay of execution.
- Whether the 1st applicant (a company in receivership) has locus standi to bring the application through its director without the receiver's sanction.
Orders
- Application struck out for want of locus standi.
- Costs awarded to the respondents.
Rules and key headnotes
Legislation cited (3)
Cases cited (2)
- Re B Johnson & Co (Builders) Ltd [1955] Ch 634
- Newhart Developments Ltd v Co-operative Commercial Bank Ltd (1978) KLR 123
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.