Nairobi, July 15 -- The High Court in Nairobi has halted proceedings in the insolvency dispute involving logistics firm Multiple Hauliers (EA) Ltd, ruling that a Court of Appeal stay order applies to both the company's administration and liquidation cases after they were consolidated.

The decision blocks creditors pursuing liquidation over claims arising from a Sh532 million debt owed to asset financier Synergy Industrial Credit, until the appeal is determined.

The company's broader insolvency dispute pits major secured lenders owed in excess of Sh16 billion -though the Official Receiver's November 2024 report indicated that the total debts were in excess of Sh31.4 billion, while the total assets of the company were Sh17 billion.

The s...