Entry Instance

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{
    "id": 971852,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/971852/?format=api",
    "text_counter": 268,
    "type": "speech",
    "speaker_name": "Garissa Township, JP",
    "speaker_title": "Hon. Aden Duale",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "No. 18 of Considerations 560A. (1) When considering whether to grant its 2015. to take into account on approval under section 560, the court or the applications administrator may in particular take into consideration for approval to lift the following where appropriate – moratorium. (i) the statutory purpose of the administration; (ii) the impact of the approval on the applicant particularly whether the applicant is likely to suffer significant loss; (iii) the legitimate interests of the applicant and the legitimate interest of the creditors of the company, giving the right of priority to the proprietary interest of the applicant; (iv) whether the value of the secured creditor’s claim exceeds the value of the encumbered asset; (v) whether the secured creditor is not receiving protection for the diminution in the value of the encumbered asset; (vi) whether the provision of protection may be feasible or overly burdensome to the estate; (vii) whether the encumbered asset is not needed for the reorganisation or sale of the company as a going concern; (viii) whether relief is required to protect or preserve the value of assets such as perishable goods; or (ix) whether in reorganisation, a plan is not approved within six months. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}