×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Read on the App

Lawyers cite pending court case in warning to creditors, landlords seeking to claim dues

Goods scattered outside Nakumatt, Nanyuki branch after landlord forcefully evicted the tenant from premises over rent arrears (PHOTO: FILE)

NAIROBI, KENYA: Ailing retailer Nakumatt is now hanging on a legal loophole to keep off creditors and landlords eager to collect their dues.

The supermarket chain, which is responding to an application filed by creditors, has now sought refuge in a moratorium which the retailers’ lawyers say is supported by Section 561(1) of the Insolvency Act of the Laws of Kenya.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in