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High Court halts distribution of Nakumatt assets

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Business Daily | by Joseph Wangui


The High Court has stopped the distribution of assets belonging to Nakumatt Holdings Ltd pending the determination of a case filed by the widow of its former internal auditor over non-payment of Sh30 million insurance claim.

This means the creditors of the collapsed supermarket chain giant, which collapsed with a Sh40 billion debt, will wait for…

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