Nakumatt could face liquidators in court setback

Lawyer Kamau Karori for Nakumatt holding argues before Justice Joseph Onguto during the hearing of an application filed by Nakumatt holdings seeking orders to allow the management to have administration order to enable it perform its functions in the interests of the creditors. (Photo: George Njunge)

Nakumatt Holdings could face liquidation after the High Court threw out a petition by the retail chain seeking to appoint a receiver manager.

High Court judge Joseph Onguto defied orders by the Court of Appeal to stay his ruling, saying there were two orders and that the seal on them was not the correct one described under Section 21 of the Court of Appeal Organisation and Administrations Act.