NCBA takes fresh control of Multiple Hauliers in Sh7.2bn debt row
The Kenyan High Court has temporarily blocked NCBA Bank from placing the logistics firm Multiple Hauliers under administration. This ruling halts the appointment of insolvency practitioners while the court reviews a broader legal challenge regarding the company's significant debt obligations.
A fresh attempt by NCBA Bank Kenya to place indebted logistics firm Multiple Hauliers (EA) Ltd under administration over Sh7.2 billion debt has been temporarily blocked by the High Court, adding a new twist to the company’s insolvency battle. The debt to NCBA is part of Sh31 billion claims against the logistics firm by various lenders and creditors.
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