The High Court has ordered Nairobi Business ventures Limited to pay Greenhill Investment Limited Ksh 5.2 million in debt, including rent and interest, within 21 days or face liquidation.
“Take Notice that within 21 Days after the service of this notice to you, excluding the day of such service, you shall pat to Greenhills Investment Limited the sum of Ksh 5,238,436.70 (Includes rent and arrears to date) November 19, 2020 claimed by Greenhills Investment Limited.” reads a Statutory Demand seen by The Kenyan Wallstreet.
The court asked the company to either pay the sum or offer a counterclaim against Greenhills’s demands. Further, the court warns of a looming liquidation order if Nairobi Business Ventures fails to pay its debt.
“Further take notice that failure to pay the afore-stated amount shall result in Greenhills Investment Limited filing a liquidation order against you,” the demand notice continued.
Nairobi Business Ventures resumed trading on the NSE, following the lifting of a suspension on November 30. The trading was suspended on October 16 to allow the completion of its restructuring process and onboarding of a new investor, Delta International (FZE).
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