Industrial Park demands cancellation of license for administrators over malpractice

Infinity Industrial Park Limited has filed a petition with the Official Receiver seeking an investigation into the actions of two insolvency administrators appointed by Bank of Baroda (Kenya) Limited. The complaint, filed on September 30, 2026, demands that the Official Receiver determine if the administrators, Ponangipalli Venkata Ramana Rao and Swaroop Rao Ponangipalli, are fit to continue practicing as insolvency professionals.

The dispute emerged after Bank of Baroda arbitrarily appointed the joint administrators in August 2026 while court proceedings and a default judgment against the appointment were still ongoing. The High Court ruled on September 24, 2026, to annul their appointment and found the use of statutory insolvency powers to be improper. Following this, the court ordered the cancellation of administrative entries and the restoration of management control to Infinity Industrial Park.

The company now seeks the Official Receiver to initiate an inquiry into the administrators' conduct to ascertain if it constituted professional misconduct and if their licenses should be revoked.