Last Updated on March 23, 2026 by courtnews reporter

Lipa Later Administrator Seeks More Time to Complete Liquidation Process

Updated: March 23, 2026 | CourtNews Kenya

Quick Summary

• Company: Lipa Later

• Issue: Ongoing liquidation process

• Request: Extension of time

• Court: Nairobi court

• Status: Administrator seeks more time to conclude liquidation

The administrator handling the liquidation of Lipa Later has asked the court for additional time to complete the process.

The request was made before a Nairobi court as efforts continue to wind up the operations of the company.

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Administrator Seeks Extension

According to court proceedings, the administrator told the court that more time is needed to:

• Finalize asset recovery

• Settle outstanding obligations

• Complete the liquidation process

The court heard that the process involves multiple stakeholders and requires additional time to ensure proper completion.

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Background of Lipa Later Liquidation

Lipa Later has been undergoing liquidation following financial challenges that led to the collapse of its operations.

The company, once a prominent player in Kenya’s buy now, pay later (BNPL) sector, had expanded its services across the region before facing financial difficulties.

Liquidation involves selling company assets and distributing proceeds to creditors.

Court to Determine Next Steps

The court is expected to consider the administrator’s request before issuing directions on whether to extend the liquidation timeline.

Legal experts say such extensions are common in complex insolvency cases involving:

• Multiple creditors

• Ongoing financial assessments

• Asset valuation processes

Impact on Creditors and Customers

The outcome of the liquidation process will affect:

• Creditors seeking repayment

• Customers with outstanding accounts

• Business partners linked to the company

The administrator is expected to ensure that the process is conducted in accordance with insolvency laws.

Frequently Asked Questions

What is happening to Lipa Later?

Lipa Later is undergoing liquidation due to financial challenges.

Why is the administrator asking for more time?

The administrator needs additional time to complete asset recovery and settle obligations.

Which court is handling the case?

The matter is before a Nairobi court.

What does liquidation mean?

Liquidation is the process of selling a company’s assets to repay creditors.