The chairman of Githunguri Ranching Company John Mburu and his board has been dealt a major blow after the High Court issued orders barring them from transacting any business on behalf of the company.
The move came after the chairman of the caretaker committee of the company Ahmed Chege moved to court seeking orders stopping the current leadership of the company from discharging any duties.
In his application, Chege also sought orders restricting the defendants from altering the documents of Githunguri Ranching Company, Ruiru pending the hearing and determination of the case.
He also prayed the court to compel registrar of companies to supervise the reconstruction of the register of shareholders and convene the annual general meeting for the company where fresh elections will be held.
The High Court in Kerugoya granted the orders sought on last Friday which now means the current leadership can no longer transact any business on behalf of the company until the case is heard and determined.
“The court hereby directs the defendants to cease transacting any business for and/or on behalf of Githunguri Constituency Ranching Company Ruiru. They are also directed to cease altering the documents of the company till interparties hearing,” the court order stated.
The giant land company has for the last three years witnessed a bitter leadership wrangle pitting the current chairman and a group led by Chege who has been accusing the latter of mismanaging the company and poor leadership.
An annual general meeting convened in January this year with elections being among the agenda aborted after the registrar of company kept off the meeting as directed by the court.
A letter from the registrar read to shareholders by the chairman during the meeting said he was unable to verify who the real shareholders of the company were and therefore not able to come up with a register to hold elections.
The meeting came after Justice JW Mutungi last November in his ruling ordered the giant land buying company to convene an annual general meeting in 90 days where fresh elections to pick a new chairman and board of directors would be held.
This came after Henry Kihoro and Elijah Njoroge moved to court in January of the same year seeking to have the court to issue an order compelling the land buying company to hold fresh elections for the positions of the chairman and board of directors.
The move came after the chairman of the caretaker committee of the company Ahmed Chege moved to court seeking orders stopping the current leadership of the company from discharging any duties.
In his application, Chege also sought orders restricting the defendants from altering the documents of Githunguri Ranching Company, Ruiru pending the hearing and determination of the case.
He also prayed the court to compel registrar of companies to supervise the reconstruction of the register of shareholders and convene the annual general meeting for the company where fresh elections will be held.
The High Court in Kerugoya granted the orders sought on last Friday which now means the current leadership can no longer transact any business on behalf of the company until the case is heard and determined.
“The court hereby directs the defendants to cease transacting any business for and/or on behalf of Githunguri Constituency Ranching Company Ruiru. They are also directed to cease altering the documents of the company till interparties hearing,” the court order stated.
The giant land company has for the last three years witnessed a bitter leadership wrangle pitting the current chairman and a group led by Chege who has been accusing the latter of mismanaging the company and poor leadership.
An annual general meeting convened in January this year with elections being among the agenda aborted after the registrar of company kept off the meeting as directed by the court.
A letter from the registrar read to shareholders by the chairman during the meeting said he was unable to verify who the real shareholders of the company were and therefore not able to come up with a register to hold elections.
The meeting came after Justice JW Mutungi last November in his ruling ordered the giant land buying company to convene an annual general meeting in 90 days where fresh elections to pick a new chairman and board of directors would be held.
This came after Henry Kihoro and Elijah Njoroge moved to court in January of the same year seeking to have the court to issue an order compelling the land buying company to hold fresh elections for the positions of the chairman and board of directors.
No comments:
Post a Comment