×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

First firm withdraws from Mumias Sugar case

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.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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
Business
January inflation hits 6-month low despite rise in food prices
Business
Sh3.1b dividend boom for EABL shareholders
Business
Why NSSF payouts have fallen
By Brian Ngugi 17 hrs ago
Business
Trump moves to secure foothold in Kenya's critical minerals sector