High Court reinstates EAPC board
A court has reversed a decision by acting Industrialization Minister Amason Kingi suspending from office the board of directors and managing director of East African Portland Cement Company (EAPCC).
The High Court in Nairobi also stopped the Minister from interfering with the internal management of the company.
The newly appointed Managing Director Peter Korir has also been stopped from taking office pending the hearing of the case.
Commercial Judge, Mr Justice Joseph Mutava issued the orders after the company moved to court seeking orders to have the decision by the minister suspended.
Mr Kingi dissolved the board of directors of the cement manufacturing company on December 22. (READ: Kingi sends EA Portland board on compulsory leave pending probe)
He further removed from office the managing director Mr Kephar Tande and appointed Mr Peter Korir to act in is capacity.
But on Monday lawyer Ahmed Adan, acting for the company, told the court that the minister had no mandate to remove from office the managing director and the board because EAPCC is not a state corporation.
Mr Adan said the matter is serious because the decision by the minister has affected the company’s trading at the Nairobi Stock Exchange.
Justice Mutava issued the temporary injunction until January 19 when all parties will appear in court for hearing.
