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The High Court has barred directors of a struggling packaging manufacturer from obstructing administrators appointed by Equity Bank, which took over the company’s operations following a Sh193 million debt.
Equity Bank, as a secured creditor, appointed Ponangipalli Venkata Ramana Rao and Swaroop Rao Ponangipalli as joint administrators of Nes Poly Pack Limited on October 30, 2025, handing them control of the firm.
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