PVR Rao reinstated as Mumias Sugar receiver manager

Mr Ponangipalli Venkata Ramana Rao during a May 2020 briefing. FILE PHOTO | NMG

KCB Group on Monday pleaded with the Court of Appeal to suspend a decision that kicked out its receiver manager PVR Rao as the administrator for Mumias Sugar Company.

The lender through senior counsel Kiragu Kimani told a bench of three judges that it would be unfair for another administrator to preside over the assets of the ailing miller yet it was a secured creditor.

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