Annulment of Insolvency on MP Bari Palma
by: Political Insider An annulment of an insolvency adjudication means just that - the insolvency order should never have been made in the first place. Why has there been an annulment in Bari Palma’s case? Bari Palme was ordered to pay the taxed court case costs after he lost an election petition. The costs went to taxation (like a checking of costs) before the registrar. The winner had claimed approximately k600,000.00 in legal costs. The deputy registrar checked it and reduced the amount to about K271,000. Then Bari Palma applied to the National court for a review of the taxation - which is his right under law. Therefore, whilst this national court review was on foot and whilst the actual amount owed hasn’t been finally determined - the winner started insolvency proceedings against Bari Palma. Now insolvency proceedings should only be commenced when the amount owed uncertain and fixed - that is called a “liquidated” amount in legal speak. However, the winner went ahead - and Bari