R U L I N G/DIRECTIONS
On the 5th December 2008, the Applicants who are 21 legal persons including limited liability companies and who claim to be shareholders and/or contributories in the subject company, Tsavo Securities Limited filed Two applications under Certificates of Urgency.
In one application which I will refer to Application No. “A 1” the Applicants under various provisions of the Companies Act and the Civil Procedure Rules sought inter alia, Orders to:
(1) Be granted leave to commence and bring up this application and any other action in this Winding Up Cause and for the said advocate to represent them.
(2) Strike out the Winding Up Petition herein dated 18th July 2008 and the Chamber Summons Applications dated 18th July 2008 and subsequently dispense with, discharge, and/or set aside the Orders of this Honourable Court dated 7th October 2008 appointing an Interim Liquidator to take over the Management and control of Tsavo Securities Limited.
The other application dated and f…