Nakumatt relief as court stops auctions

All Nakumatt creditors stopped from attaching the retailer’s assets to recover what they’re owed. PHOTO | FILE

The court has stopped all Nakumatt creditors from attaching the supermarket chain’s property to recover their dues, offering a major relief for the cash-strapped retailer.

Creditors of the retail chain have in recent months filed several suits seeking to attach Nakumatt’s property to recover amounts owed to them.

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Note: The results are not exact but very close to the actual.