However, High Court Judge Mary Kasango on Tuesday dismissed the request, saying the regulator should instead be called as a witness in the case. “IRA should be called as a witness and not be dragged into this case as a party. The case is part of a suit filed last year by Kenindia against Mr Kahi for an injunction to restrain him from commencing liquidation proceedings against them. Kenindia also wanted the court to declare that it did not owe Nakumatt Sh181.3 million. Creditors voted for liquidation of Nakumatt, which collapsed with an estimated debt of Sh38 billion, in January.

Source: Standard Digital April 15, 2020 21:00 UTC