Insolvency Act

723A. Information by insolvency practitioner

Edition: 2022-12-31 · In force

723A. Information by insolvency practitioner

(1)A creditor may request information from a relevant insolvency practitioner and the insolvency practitioner shall provide the information within—

(a)five business days after receiving the request; or

(b)such longer period as may be agreed upon between the creditor and the insolvency practitioner.

(2)If the relevant insolvency practitioner is satisfied that an extension of time is required due to the nature of the request under subsection (1), the insolvency practitioner may, by notice to the creditor in writing, extend the period for providing the information.

(3)A notice under subsection (2) shall—

(a)be given to the creditor making the request;

(b)specify the period within which the requested information shall be provided; and

(c)specify the reasons for the extension of time.

[Act No. 1 of 2020, s. 40.]

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Source: Kenya Law