Business Daily | by Joseph Wangui
The High Court in Nairobi has frozen liquidation proceedings against Tuskys for 45 days to allow the retailer complete a Sh2.1 billion debt deal that will allow payment of suppliers.
Justice Phillip Tuiyot Wednesday heard that the cash will be used to turn around the troubled business and payment of all creditors both secured and unsecured.
He allowed a request by the retailer’s lawyer Ecrone Omulloh to suspend the liquidation proceedings for 45 days to allow finalisation of the debt injection…
