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 .