Nakumatt in insolvency tiff over Sh60m tea leaves debt

Nakumatt managing director Atul Shah. FILE PHOTO | NMG

Tea brewer Gold Crown Beverages has filed an insolvency petition against retail chain Nakumatt seeking to recover a Sh60 million debt it says has remained unpaid since January last year.

The suit comes barely two months after another firm—African Cotton Industries—filed a similar application before the Milimani High Court seeking to wind up the retail chain.

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