Metropol East Africa Limited, a Credit Reference Bureau risks being wound up following a Sh3.9 million debt.
According to documents seen by Standard Digital, in 2015 Metropol East Africa Limited advertised on Standard Group print and broadcast platforms for which it would pay Sh3,974,080 but is yet to settle the amount to date.
This is despite several demand letters from the media house’s lawyers to Metropol.
In a demand letter dated April 11, 2019 from TripleOKLaw Advocates Metropol East Africa was given seven days to honour its end of the bargain, which it failed.
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“Despite several reminders, phone calls and emails from our client for payment, you have refused, failed and or neglected to make good our client’s claim,” reads the demand signed by Martha Wenene of TripleOKLaw Advocates.
Metropol received a further demand sent by Mckay Advocates on behalf of the media house on June 11, 2019.
A letter from Nchogu, Omwanza & Nyasimi Advocates acting for Metropol addressed to Mckay stated that a settlement and mode of payment to offset the debt had been agreed upon with TripleOKLaw Advocates and, as such they needed a clarification on which advocate was handling the matter.
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Responding to Nchogu’s letter, Mckay explained that it had taken over the matter from TripleOKlaw Advocates and would proceed with the winding-up petition on August 7 should there be no payment received by their client (Standard Group).
Metropol having not paid The Standard Group was served with a twenty-one (21)-day winding up notice received by them on July 8, 2019.
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The notice read in part: “Take notice that if such amount is not paid or secured or compounded for to the reasonable satisfaction of my client, you will be deemed insolvent and unable to settle your debts.”
If unable to settle the debt within the twenty-one days, a bankruptcy application shall be filled against them.
“We shall, pursuant to section 17(1) of the insolvency act no18 of 2015 laws of Kenya, file a bankruptcy application against your directors.”
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