Karuturi fights receivers over property auction

 Naivasha based Karuturi Flower Farm which was put under receivership seven years ago leaving over 3,000 workers jobless. The Supreme Court gave Stanbic Bank the go ahead to auction the farms assets. [Antony Gitonga, Standard]

Cash-strapped Karuturi Flowers in Naivasha is back in court in a bid to stop receiver managers from auctioning its property over Sh1.8 billion debt.

Karuturi Limited, Surya Holdings and Rhea Holdings, in a petition filed at High Court in Nairobi, have sued CFC Stanbic Bank and joint receiver managers Muniu Thoithi and Kuria Mucheru.