Member of management liable under Art 299 KSH if holding office at debt creation, not necessarily demand date.

The court ruled that a member of management bears liability under Article 299 of the Commercial Companies Act if they held office at the time the debt arose, regardless of when it became due. The plaintiff argued liability should attach only upon the debt's demand date, while the defendant contended liability requires holding office at creation. The court rejected this distinction, establishing that the critical moment for establishing liability is the date the debt was created.