Appeals court stops sale of Karuturi assets

Some of the green houses in Naivasha based Karuturi flower farm which was put under receivership three years ago leaving over 3,000 workers jobless. The owners are in court to stop the farm’s sale over debt. [File, Standard]

The Court of Appeal has temporarily suspended the sale of some items belonging to Naivasha-based Karuturi flower farm by a banking institution over pending debt.

This came a month after Stanbic Bank listed assets to be sold to recover the debt that the once leading rose producer owes it.