Nakumatt’s creditors have rejected the supermarket’s bid to appoint an administrator to run its business until it returns to profitability arguing that liquidation is the only viable means of getting the troubled retailer out of its misery.
The creditors Tuesday told High Court judge Louis Onguto that they intend to have the insolvency petition against Nakumatt determined with urgency, going against the retailer’s Monday application to have an administrator appointed to run the business.
