SK Macharia gets nod to challenge bankruptcy order

Royal Media Services chairman SK Macharia on Wednesday got a reprieve after a judge allowed him to challenge a looming bankruptcy bid in the Court of Appeal.

However, Justice Alfred Mabeya ordered him to increase the Sh35 million he deposited last year as security to Sh45 million, which will be held in a reputable bank in the joint names of his advocate and the petitioner’s - Ocean Freight Transport Company.