Home Business Ailing Tuskys gets reprieve in wind-up suit over Sh248m debt

Ailing Tuskys gets reprieve in wind-up suit over Sh248m debt

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Business Daily | by Sam Kiplagat

The High Court has extended orders barring home appliances and electronic dealer from winding up troubled supermarket chain Tuskys over a debt of Sh248 million.

Justice Francis Tuiyott allowed Tusker Mattresses and Hotpoint to continue engaging with a view of settling the matter out of court. The judge had granted the parties 45 days to negotiate. Tuesday, he heard that the parties were yet to reach a deal.

The parties said they were apprehensive of striking a deal and would need more time to settle the dispute…

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