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Mumias Sugar Company receiver manager, Ponangipalli Venkata Ramana Rao during a press conference at the company's boardroom on March 4, 2020. [Nathan Ochunge, Standard]
One of the parties challenging Mumias Sugar Company lease to Uganda-based Sarrai Group and the appointment of Ramana Rao as the miller's receiver manager has thrown in the towel.
Vartox Resources Inc, based in Dubai, filed a notice in the Court of Appeal indicating that it was dropping its application opposing the appeal filed by Sarrai, Kenya Commercial Bank, and Rao.
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