Provider Update-August 2018

Kenyan Providers

KEEF

The criminal case  in Kiambu High Court, Police Case file KIAMBU P/STN .PCR NO.275/2017 wherein Mr Damiel Kimani and Mr Simon Kamau has been charged was mentioned on 23rd July 2018.

The Court adjourned the case to 16th October , 2018 wherein more witnesses will take stand.

The civil case was scheduled for highlighting submissions on 27th  July 2018 as indicated earlier.However,the case was adjourned to 10th October,2018.

More updates will be shared in our subsequent blog updates.

     

Milango

MYC4’s  legal team will advise on the way forward in regards to the legal action against Milango  . Details will be shared in subsequent blog updates.

Yehu

Yehu  has to date continued to making monthly repayments in line with an out of court settlement agreement entered in June 2017.They will settle their obligations by November, 2018.

Jubilant Kenya Limited

As indicated earlier the Court ruled in favor of MYC4 and Jubilant was ordered to pay MYC4 the entire debt plus costs of the suit within 60 days from the date of judgement.

Jubilant has not yet honored the court directions and our legal team has proceeded to take the next steps which includes sale the goods confiscated and to institute other debt recovery measures against Jubilant and it’s directors.

MYC4’s legal team has since applied to the Court for warrants of attachment and sale. These have since been granted and forwarded to the Auctioneer for further action.

Further developments on the matter will be shared in our subsequent update.

Tanzania Providers

Mtaji

The case launched by MYC4 lawyers in Tanzania is proceeding on at the High Court of Tanzania

The court will issue a new date for hearing an application that  Damasi Massawe filled  in Court seeking MYC4 to put a security deposit in Court since it is a foreign company.

Our lawyers as indicated lodged a reply to that application and awaits the Court to issue a hearing date for the same.

More details will be shared in our subsequent updates as the case proceeds in Court.

BELITA

MYC4 is still working hard to find a way of collecting the outstanding loans from BELITA. Any developments will be shared going forward .

Read Full Post »

Provider Update

Kenyan Providers

KEEF

The civil case was mentioned on 13th March 2018 as indicated earlier.

The parties confirmed having filed submissions and given a new date 21st May 2018 for highlighting of their submissions.

The criminal case  in Kiambu High Court, Police Case file KIAMBU P/STN .PCR NO.275/2017 wherein Mr Damiel Kimani and Mr Simon Kamau has been charged , came  up for hearing  on 5th April 2018 . The Court adjourned the case to 23rd  July  2018 wherein more witnesses will take stand.

More updates will be shared in our subsequent blog updates.

     

Milango

MYC4’s  legal team will advise on the way forward in regards to the legal action against Milango  . Details will be shared in subsequent blog updates.

Yehu

Yehu  has to date continued to making monthly repayments in line with an out of court settlement agreement entered in June 2017.They will settle their obligations by November, 2018

Jubilant Kenya Limited

The Case came up for ruling  on 30th April 2018 .

The court ruled in favor of MYC4 by throwing out the Jubilant’s  application to have the Court set aside and declare the out of Court Consent entered with MYC4 null and void.

The Court further ordered Jubilant to pay MYC4 within 60 days the entire debt plus costs of the suit.

MYC4’s legal team will be advising on the way forward and the best way to make recovery from Jubilant.

Further developments on the matter will be shared in our subsequent update.

Tanzania Providers

Mtaji

The case launched by MYC4 lawyers in Tanzania is proceeding on at the High Court of Tanzania

Mtaji(Damasi Massawe) has since replied to our application by way  of a replying affidavit.

MYC4 lawyers upon receiving the replying affidavit has prepared a counter claim to respond to the issues raised in Damassi’s affidavit.

Further ,Mtaji through Damasi has filled an application in Court seeking MYC4 to put a security deposit in Court since it is a foreign company.

Our lawyers similarly have prepared a reply to that application and will lodge it in Court.

The Court registry will give a new mention date for the case.

More details will be shared in our subsequent updates as the case proceeds in Court.

BELITA

MYC4 is still working hard to find a way of collecting the outstanding loans from BELITA. Any developments will be shared going forward .

Read Full Post »

Provider Update February 2018

Kenyan Providers

KEEF

The civil case was mentioned on 22nd January 2018 as indicated earlier.

The Judge gave an extension for the third respondent in the case to file their submissions.

The Parties(KEEF,Daniel Kimani ,Cyrus Komu on one side and MYC4 on the oneside) will appear again before the Judge on 13th  March  2018 highlighting of submissions.

The criminal case  in Kiambu High Court, Police Case file KIAMBU P/STN .PCR NO.275/2017 wherein Mr Damiel Kimani and Mr Simon Kamau has been charged , came  up for hearing  on 25th January 2018. One witness took to stand . The Court adjourned the case to 5th April 2018 .

MYC4 remains  optimistic that our legal team together with the state prosecutors are well prepared and that in the course of 2018 both cases will come to logical conclusion and justice served eventually.

More updates will be shared in our subsequent blog updates.

     

Milango

MYC4’s  legal team will advise on the way forward in regards to the legal action against Milango  . Details will be shared in subsequent blog updates.

Yehu

Yehu  has to date continued to making monthly repayments in line with an out of court settlement agreement entered in June 2017.

Jubilant Kenya Limited

Jubilant failed to honor its obligations despite many follow ups and an out of Court settlement agreement registered in the High Court .

The legal teams appeared before the court on 17th January 2018 as indicated earlier.

The Case was adjourned to 20th March 2018 when the parties will highlight their submission and the Court will thereafter give direction on the matter.

Further developments on the matter will be shared in our subsequent update.

Tanzania Providers

Mtaji

Our lawyers have since lodged a  civil case in the High Court of Tanzania  and  Mtaji Credit and Damasi Massawe has since been  served with sermons to appear in Court on 7th March 2018.

More details will be shared in our subsequent updates as the case proceeds in Court.

BELITA

MYC4 is still working hard to find a way of collecting the outstanding loans from BELITA. Any developments will be shared going forward .

Read Full Post »

Providers Update-December

Kenyan Providers

KEEF

The civil case was mentioned on 30th October 2017 as indicated earlier.

The Judge directed both parties to file written submission on the main application by MYC4 (Application One: MYC4 seeking the Court to adopt the Arbitration Award and issue a Judgement/Decree).

The Parties(KEEF,Daniel Kimani ,Cyrus Komu on one side and MYC4 on the otherside) will appear again before the Judge on 22nd January 2018 for further direction.

The criminal case  in Kiambu High Court, Police Case file KIAMBU P/STN .PCR NO.275/2017 wherein Mr Damiel Kimani and Mr Simon Kamau has been charged , came  up for mention on 11th September as indicated earlier.The Judge however adjourned the case to 25th January 2018.

MYC4 remains  optimistic that our legal team together with the state prosecutors are well prepared and that in the course of 2018 both cases will come to logical conclusion and justice served eventually.

 

More updates will be shared in our subsequent blog updates.

     

Milango

MYC4’s  legal team is yet to finalize  the process of preparing a legal proceeding against Milango Financial Services and guarantors(Directors)  . Details will be shared in subsequent blog updates.

Yehu

Yehu  has to date continued to making monthly repayments in line with an out of court settlement agreement entered in June 2017.

Jubilant Kenya Limited

Jubilant failed to honor its obligations despite many follow ups and an out of Court settlement agreement registered in the High Court .

MYC4’s  legal team  has since given  instructions to a  firm of auctioneers to execute recovery against Jubilant Plc Kenya pursuant to the Court Judgement issued by The High Court .

The Auctioneers has since made  recovery and proclamation of  assets(a vehicle and Office furniture) at  Jubilant Plc premises upon expiry of notice period.

The recovered good are held under safe custody awaiting disposal and proceeds therefrom will be paid back to investors.

MYC4 will pursue legal means to recover the remaining  outstanding as will be advised by our lawyers.

Further developments on the matter will be shared in our subsequent update.

 

Tanzania Providers

Mtaji

Our lawyers have since lodged a  civil case in the High Court of Tanzania  and anytime Mtaji Credit and Damasi Massawe will be served with sermons to appear in Court.

More details will be shared in our subsequent updates as the case proceeds in Court.

BELITA

MYC4 is still working hard to find a way of collecting the outstanding loans from BELITA. Any developments will be shared going forward .

 

DECEMBER 2017 HOLIDAYS

We take this opportunity to wish all of you a merry Christmas and Happy New Year 2018

Myc4 offices will remain closed during this period of festivities starting 15th December and shall reopen on 8th January 2018.

 

Read Full Post »

Provider Update,October 2017

Kenyan Providers

KEEF

The civil case in the High court is coming up for a mention  on 30th October 2017. Having dispensed with the application on Security deposit,the Court will be giving directions on when to hear the other pending three applications.

Application One : MYC4 seeking the Court to adopt the Arbitration award and issue a judgement/Decree

Application Two:Preliminary Objection by KEEF and Daniel Kimani to put aside the Award

Application Three: Application by Cyrus Komu seeking asking the Court to dismiss application No.1 as invalid and illegal

The criminal case  in Kiambu High Court, Police Case file KIAMBU P/STN .PCR NO.275/2017 will be come up on 11th September 2017. The case was postponed to the 7th November 2017 when all parties will be required to be ready to call witnesses.

More updates will be shared in our subsequent blog updates.

     

Milango

As updated on the previous issue MYC4’s  legal team is yet to finalize  the process of preparing a legal proceeding against Milango Financial Services and guarantors  . Details will be shared in subsequent blog updates.

Yehu

Yehu  has continued to making monthly repayments in line with an out of court settlement agreement entered in June 2017.

Jubilant Kenya Limited

As updated during the last provider update Jubilant was unable to meet the obligation as per the out of Court Consent .Our legal team  has since given  instructions to a  firm of auctioneers to execute recovery against Jubilant Plc Kenya pursuant to the Court Judgement issued by The High Court .The Auctioneers has already issued notice for recovery and proclamation of  assets to Jubilant Plc. Any further developments on the matter will be shared in our subsequent update.

 

Tanzania Providers

Mtaji

As per our previous update our lawyers have finalized the legal process of lodging a civil case in the High Court of Tanzania  and anytime a suit will be filed against Mtaji .

More details will be shared in our subsequent updates as new  events unfolds.

BELITA

MYC4 is still working hard to find a way of collecting the outstanding loans from BELITA. Any developments will be shared going forward .

Read Full Post »

Provider Update September 2017

Kenyan Providers

KEEF

The civil case in the High court came up   4th August 2017 where the judge delivered a ruling on an application that the defendants required Myc4 to deposit security with the court. The court declined to issue orders for cost citing lack of jurisdiction .The case continues on 30th October 2017.

The criminal case  in Kiambu High Court, Police Case file KIAMBU P/STN .PCR NO.275/2017 will be coming up for hearing on 11th September 2017.

More updates will be shared in our subsequent blog updates.

     

Milango

MYC4 legal team is yet to finalize  the process of preparing a legal proceeding against Milango Financial Services and guarantors  . Details will be shared in subsequent blog updates.

Yehu

Yehu  has continued to making monthly repayments in line with an out of court settlement agreement entered in June 2017. They have since made the July and August repayments.

Jubilant Kenya Limited

The first installment in the  out of Court settlement was due on 30th  June 2017. Jubilant was unable to meet the obligation but have reached out to inform us that they are organizing to fulfill the .Our legal team is in constant talks  with a reputable firm of auctioneers in a bid to execute the Court judgement in the event jubilant fails to pay the debt.

 

Tanzania Providers

Mtaji

Our lawyers have finalized the legal process of lodging a civil case in the High Court of Tanzania .

The lawyers in Tanzania will file the case anytime .

More details will be shared in our subsequent updates as new  events unfolds.

BELITA

MYC4 is still working hard to find a way of collecting the outstanding loans from BELITA. Any developments will be shared going forward .

Read Full Post »

Provider update June 2017

Kenyan Providers

KEEF

The case filed by MYC4  seeking to  register the arbitration award and obtain a Decree was coming up on  9th June 2017. The case was not listed and a new date will be availed once the Court Registry communicates to our legal team.

The criminal case  in Kiambu High Court, Police Case file KIAMBU P/STN .PCR NO.275/2017 was mentioned on 20th June 2017 and a hearing date given for 11th September 2017.

More updates will be shared in our subsequent blog updates.

     

Milango

MYC4 legal team will soon finalize  the process of preparing a legal proceeding against Milango Financial Services and guarantors  . Details will be shared in subsequent blog updates.

Yehu

Yehu  continued to making monthly repayments consistently with the last repayment on 19th June 2017.

MYC4 and YEHU are on the final stages of preparing a Court Consent that will detail how the outstanding amount will be settled .

Jubilant Kenya Limited

The first installment on our out of Court settlement is due on 30th  June 2017. Our legal team is in constant talks  with Jubilant lawyers to ensure the same is honored. Jubilant  is expected to  clear  its debt by December 2017.

 

Tanzania Providers

Mtaji

As indicated in our previous blog  MYC4 has started the process of lodging a court case against Mtaji and its CEO Mr Damasi Massawe and the process is in its final stages.

More details will be shared in our subsequent updates as new  events unfolds.

BELITA

MYC4 is still working hard to find a way of collecting the outstanding loans from BELITA. Any developments will be shared going forward .

Read Full Post »