UK litigant in push to wind up gaming firm over unsettled debts
A United Kingdom-based software development company has moved to court seeking to wind up the operations of a betting firm for failing to pay Sh55 million debt.
Khubi Solutions Limited wants Cheza Gaming Limited liquidated for failing to make payments for the design of the betting firm’s gaming platform since October 2021.
The software development company was awarded Sh55 million in a debt row between it and Cheza Gaming, a Kenyan-based betting and gaming company.
High Court judge John Mativo ordered the betting company to pay Sh54,697,257.27 (US$ 371,915.36) to Khubi Solutions Limited after it failed to honour payment for the design of the firm’s platform in October 2021.
The betting company was also ordered to pay all the interests thereon at commercial rates from March 30, 2017 until payment in full and meet its costs of the suit. But two years down the line, Khubi has gone back to seeking orders to wind up the operations of Cheza Limited after it failed to honor the judgment of Justice Mativo.
Khubi Solutions Limited through Paresh Shah, the petitioner, has moved to court seeking its intervention after the gaming company reportedly failed to pay for the design and other services allegedly rendered to the company upon request as indicated in an agreement dated March 2, 2016.Shah says that Khubi’s efforts to execute the decree against Cheza Gaming Limited by way of attachment of movables have not been successful after it also failed to identify its assets.
“Consequently, and form all the foregoing, it is apparent that the company is not in a position to meet its financial obligations, and is therefore, definitely involvement,” Shah says in his petition papers.
He says that the only viable option left is for the court to issue interim orders of liquidation and to immediately appoint an interim liquidator to take over the management of Cheza Gaming Limited and to secure its assets and premises.
“Your petitioner, therefore humbly prays that the honourable court makes an order that the official government liquidator to immediately take over the management of the company,” he petitions. Cheza Gaming is said to have contracted Khubi Solutions to create for it a web-based betting platform whose scope of works was stipulated in the agreement.
