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

    Leadership and Growth: How Guerassim Nikolov Balances Innovation with Operational Discipline

    September 19, 2026

    Nairobi Expressway Section to Close From Saturday to Monday

    September 18, 2026

    South African Restaurant Group Opens First East Africa Outlet in Nairobi

    September 17, 2026

    Comments are closed.

    Latest Posts

    Russia Hybrid Attacks Europe 2026: NATO False Flag Warning, Drone Incursions & Emergency Security Protocol

    September 19, 2026

    Leadership and Growth: How Guerassim Nikolov Balances Innovation with Operational Discipline

    September 19, 2026

    Ex-LSK boss Odhiambo raises constitutional concerns over funds outside Consolidated Fund

    September 19, 2026

    Trump admin to host UN event on AI next week

    September 19, 2026

    Millions without power as Cuba hit by latest major blackout

    September 19, 2026

    Millicent Omanga Clarifies Govt Appointment

    September 19, 2026

    Ruto, CSs Make Fresh Appointments to State Boards

    September 19, 2026

    Gun holder shoots suspect dead after phone theft in Kawangware

    September 19, 2026
    Facebook X (Twitter) Instagram Pinterest
    © 2026 Kahawatungu.com. Designed by Okii.

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