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BMK Survives Insolvency Petition

The Commercial Court has Thursday dismissed liquidation or insolvency proceedings against BMK Uganda Limited initiated by the beleaguered company's creditor Yako Bank Limited.

BMK, in an Application to the Court, successfully convinced Judge Cornelia Kakooza Sabiiti that an affidavit supporting the lender's insolvency petition was defective because it had been…

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Topics: insolvency

Liquidation of An Insolvent Business Is Not Always the Best Solution, Court Says

Oct 14, 2026

This does not mean that a company must be saved at all costs.

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A Winding Up Petition Is Not the Proper Forum For Debt Disputes, High Court Affirms

Aug 9, 2024

The High Court of Uganda has affirmed that a winding-up petition is not the appropriate avenue

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Commercial Court Awards 103M to Creditors of Tuskys Supermarket, 1 Year After Its Liquidation

Aug 2, 2024

In a decision that highlights the high cost of case backlog or delayed delivery of Justice,

BMK Survives Insolvency Petition

Related

Liquidation of An Insolvent Business Is Not Always the Best Solution, Court Says

A Winding Up Petition Is Not the Proper Forum For Debt Disputes, High Court Affirms

Commercial Court Awards 103M to Creditors of Tuskys Supermarket, 1 Year After Its Liquidation

Brief: URA v. Crane Autos Limited (In Liquidation) & 5 Ors

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