A giant road construction firm, Put Sarajevo General Engineering Company Limited, which thrived during the era of the late President Daniel Moi, has been placed under liquidation for failing to settle a Sh800 million debt to three creditors.
High Court judge Helene Namisi declared the firm insolvent after it failed to pay the creditors, including law firm Hamilton Harrison & Mathews (HHM), a tyre supplier, and the National Bank of Kenya (NBK).
