The High Court has allowed directors of a quarrying company placed under receivership by NCBA bank over a loan of Sh247 million to defend the firm over fears that the receiver manager appointed by the lender might fail to protect their interests.
Justice Alfred Mabeya ruled that the directors of Sheng Shaung Quarry Ltd — David Muigai and Jencinta Njeri — can safeguard the company’s interests by pursuing the case just like the receiver manager provided they observe the objects of administration.
