ADVOKS GLOBAL · KENYA
Insolvency Act
700. Suspension of bankruptcy, liquidation or administration pending determination of appeal
Edition: 2022-12-31 · In force
700. Suspension of bankruptcy, liquidation or administration pending determination of appeal
(1)If an appeal has been lodged against a bankruptcy order or an order for the liquidation or administration of a company, any interested person may apply to the Court or the Court of Appeal for an order suspending the order until the appeal is decided.(2)The Court or Court of Appeal may suspend the order on such terms as it considers appropriate, including terms as to anything done or decided, or that ought to have been done or decided, by any person in the period between the order and the order suspending it.(3)The Court or the Court of Appeal may, at any time, make such order as it considers appropriate to deal with anything done, or any matter decided, or that should have been done or decided, by any person during the period between the commencement of the bankruptcy, liquidation or administration and the date when the appeal is decided if—(a)the bankruptcy, liquidation or administration order has been suspended and the appeal fails; or(b)the bankruptcy order, liquidation order or administration order has not been suspended and the appeal succeeds.