Firm to pay United Millers Sh124m after court dismisses suit - News Summed Up

Firm to pay United Millers Sh124m after court dismisses suit


The High Court has dismissed an application by a Kisumu based firm BN Kotecha and Sons seeking to set aside a consent order it signed to pay Sh124 million to United Millers. BN Kotecha later claimed that the consent order was illegal, unlawful and could not be enforced. At the same time, B.N Kotecha had asked KPMG advisory services Limited to carry an audit review on its transactions with other trading partners. The irregularity being cited was not in the transaction between B.N Kotecha and United Millers, the judge said. Justice Ochieng also noted that the company had after the consent paid united Millers and its cheques were signed by its two directors.


Source: Standard Digital July 27, 2020 18:21 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */