Twist as Multiple Hauliers blocks new NCBA control bid
Nairobi, Aug. 10 -- A fresh attempt by NCBA Bank Kenya to place indebted logistics firm Multiple Hauliers (EA) Ltd under administration over Sh7.2 billion debt has been temporarily blocked by the High Court, adding a new twist to the company's insolvency battle. The debt to NCBA is part of Sh31 billion claims against the logistics firm by various lenders and creditors.
The court, in an order dated August 7, 2026, barred two bank-appointed administrators from taking charge of the company's operations pending hearing of an application challenging the move.
The court also barred NCBA and the Kenya Commercial Bank from appointing a receiver or receivers over the company until the application is heard.
The orders came just days after NCBA a...
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