Abraaj Kenya Advisers Limited, part of The Abraaj Group- a private equity firm operating in six continents, has been dissolved. The company which folded its operations in Kenya late last year was wound up after creditors held a meeting and unanimously voted for the dissolution.
A company wind up usually means the company ceases to do business as usual, sells off stock, pays off creditors, and distributes any remaining assets to partners or shareholders.
Abraaj Kenya Managing director, Ashish Patel, had previously stated that only creditors with verified claims would be allowed to vote on the dissolution process while secured creditors would have to surrender their security or provide proof with clearly defined dates and estimated value.
In a notice, creditors are required to send particulars on their claims to the joint liquidators Muniu Thoiti and George Weru on or before 15th June.
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