Reprieve for Uchumi as court stops KRA bid to seize assets

Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG

The High Court has temporarily stopped Kenya Revenue Authority (KRA) from attaching assets of collapsed Uchumi Supermarkets over tax liability of Sh64.3 million.

Justice David Majanja put on hold plans by the taxman to demand the amount, pending a report on the status of Company Voluntary Agreement (CVA), in which the collapsed retailer was to agree on the mode of settling its debts, which amount to more than S4.2 billion.

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