Eric Agbeko, Phillip Nyambok & Ravasam Development Company Limited v. Farouk Ravate, Justin Samourgompoulle & Spire Bank (Formerly Known as Equatorial Commercial Bank Limited)

RULING OF THE COURT

On 20^th day of January 2020, the High Court, (F. Tuiyott), declared that the 1^st and 2^nd respondents were the true and rightful directors of Ravasam Development Company Limited (the 3^rd applicant) and directed, inter alia, that the names of the 1^st and the 2^nd applicants be struck out from the records of the 3^rd applicant and be replaced with those of 1^st and 2^nd respondents. The Judge issued an order of mandatory injunction whereby, the first two respondents were compelled to transfer all shares held by them in the 3^rd applicant to the first two respondents. They were further restrained from selling, disposing of, charging, dealing or interfering with the 3^rd applicant’s property known as L. R Number 2/186 situated off Elgeyo Marakwet Road, Nairobi, (suit property) and not to interfere with the shares and shareholding in and of the 3^rd applicant. These orders and a host of others aggrieved the applicants, who, by a motion filed on 7^th February, 2020, moved the Cour…