High Court backs DTB’s auction of Tuskys asset in Sh320m debt dispute

Tuskys Karasha, one of only two remaining outlets of the collapsed retailer, which was later shut. 

Photo credit: File | Nation Media Group

The High Court has freed DTB Kenya to auction the Athi River branch of Tusker Mattresses Limited (Tuskys) to recover its loan that had grown to Sh320 million.

The property, sitting on 2.49 acres, is among several assets that the retailer had pledged to DTB to secure total borrowings of more than Sh2.5 billion ahead of the supermarket chain's downward spiral that started in 2020.

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