The court has restricted all Nakumatt creditors from recovering their dues by attaching the supermarket chain’s property, and has offered a major relief for the ailing business. микрозайм онлайн на банковскую карту
The retail’s creditors have been filing suits recently severally, seeking to attach some of the supermarket’s properties so as to recover the huge amounts owed to them by Nakumatt.
However, yesterday, Judge Joseph Ongutu, from the High Court, stopped all creditors and ordered them to invite all the parties interested in appearing in the ongoing insolvency case to file their cases respectively within a week.
“It is hereby ordered that all creditors of the company Nakumatt Holding Ltd are prohibited from conducting any attachment, sequestration, distress and or execution against the company’s assets until further orders of the court,” said Justice Onguto.
Yesterday’s directives put four major creditors at bay, that is: High Park Mall, Roysambu-based Thika Road Mall, Integer Limited on Uhuru Highway, and Highport Properties.
High Park mall and Thika Road mall are demanding Sh. 8.829 million and Sh. 51 million in matters rent respectively. Integer is also demanding for Sh. 23 million just as Highport properties is asking for Sh. 5 million.
The court yesterday also threw into disarray another application against Nakumatt by its employees, who are also demanding to be paid their dues. Through the Kenya Union of Commercial, Food and Allied Workers, these employees are claiming that the retail chain has delayed their salaries, that it failed to pay overtime work as programed and that it is not implementing the 11% salary increase with effect from May 1, 2017 to July 30, 2018.
Written by Collins Gathogo.