Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    KahawatunguKahawatungu
    Button
    • NEWS
    • BUSINESS
    • KNOW YOUR CELEBRITY
    • POLITICS
    • TECHNOLOGY
    • SPORTS
    • HOW-TO
    • WORLD NEWS
    KahawatunguKahawatungu
    BUSINESS

    Equity Bank Places Glee Hotel Under Administration Over Outstanding Loan

    Damaris GatwiriBy Damaris GatwiriJuly 8, 2026No Comments2 Mins Read
    Facebook Twitter WhatsApp Telegram Email
    Equity Bank Places Glee Hotel Under Administration Over Outstanding Loan
    Share
    Facebook Twitter WhatsApp Telegram Pinterest Email Copy Link

    Glee Hotel has been placed under administration after Equity Bank appointed an administrator to take control of the hotel’s assets and operations as it seeks to recover an outstanding loan.

    In a notice dated July 6, 2026, Equity Bank appointed Kamal Anantroy Bhatt of Anant Bhatt LLP as the administrator of Glee Hotel Limited under the provisions of the Insolvency Act, 2015.

    The appointment gives the administrator control over the company’s assets, business and management, while suspending the powers of the hotel’s directors in matters relating to the company’s affairs and property.

    The move follows the hotel’s failure to service a loan owed to Equity Bank.

    Last month, the hotel’s proprietor, Mary Wambui, was given five days to pay Sh100 million to the lender in an effort to stop the recovery process and prevent the property from being sold.

    The administrator has invited all creditors with claims against Glee Hotel Limited to submit their claims, together with supporting documents, within 30 days for verification and consideration.

    The company’s directors have also been directed to provide the administrator with a statement of the company’s affairs within 12 days.

    Administration is a legal insolvency process that places a financially distressed company under the control of an independent administrator. The process is intended to protect the business while the administrator assesses whether it can be restructured, rescued as a going concern or managed in a way that maximises returns for creditors.

    Stay connected via Google News
    Follow us for the latest news updates and guides.
    Add as preferred source on Google

    Email your news TIPS to Editor@Kahawatungu.com — this is our only official communication channel

    Follow on Facebook Follow on X (Twitter)
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email
    Damaris Gatwiri

    Damaris Gatwiri is a digital journalist, driven by a profound passion for technology, health, and fashion.

    Related Posts

    KRA Clarifies eTIMS and IFMIS Invoice Validation for Government Suppliers

    October 20, 2026

    KRA Announces New RECTS Roll-Out Starting October 26

    October 20, 2026

    Co-op Bank wins Award for Water Finance at Africa Water Forum 2026

    October 19, 2026

    Comments are closed.

    Latest Posts

    US citizen Stephen Hubbard freed by Russia as Trump envoy meets Putin

    October 21, 2026

    Suspect in viral Parklands robbery arrested

    October 21, 2026

    Government targets illicit alcohol cartels with asset seizures in crackdown

    October 21, 2026

    The Bloemfontein Twins: Assassinated in Their Own Tavern? The Shocking Truth Behind the Hit

    October 21, 2026

    Sakaja fires Chief Officer Mosiria in latest reshuffle

    October 21, 2026

    Kingi, Kang’ata, Kindiki, Faith Odhiambo among 146 advocates seeking Senior Counsel rank

    October 21, 2026

    Tony Abbott Siblings: Meet the Siblings Squad Behind the Australian Politician

    October 21, 2026

    Kevin Rudd Siblings: Meet Malcolm, Loree and Greg Rudd

    October 21, 2026
    Facebook X (Twitter) Instagram Pinterest
    © 2026 Kahawatungu.com. Designed by Okii.

    Type above and press Enter to search. Press Esc to cancel.