ADVOKS GLOBAL · KENYA
Insolvency Act
662. Replacement of monitor by the Court
Edition: 2022-12-31 · In force
662. Replacement of monitor by the Court
(1)An application may be made to the Court for an order under subsection (2)—(a)if the monitor has failed to comply with any duty imposed on that monitor under this Part or has died, by the directors of the company; or(b)if it is impracticable or inappropriate for that monitor to continue as such, by those directors or that monitor.(2)On the hearing of an application made under subsection (1), the Court may make an order directing the monitor to be replaced as such by another authorised insolvency practitioner.(3)An authorised insolvency practitioner may be appointed as a replacement monitor under this section only if the practitioner has lodged with the Court a written consent to act as such.