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Court orders throw Sh1bn Multiple Hauliers rescue deal into doubt
In the orders issued by Justice Alfred Mabeya, the court had also extended the interim orders in force suspending the administration and liquidation petition to avoid the chaotic dismantling of the company. All actions against the firm were effectively suspended until further orders.
The Court of Appeal has suspended the appointment of the official receiver for financially distressed logistics firm Multiple Hauliers, throwing a Sh1 billion rescue deal that the company had secured with a South African investor into uncertainty.
Also suspended is the High Court’s decision to temporarily stop all actions against the company, including the liquidation petition.
