Chandaria firm faces Sh6bn bank loans auction

Industrialist Manu Chandaria. PHOTO | FILE | NMG

Kaluworks Limited, a manufacturing firm that is part of billionaire Manu Chandaria’s Comcraft Group, is facing the auctioneer’s hammer over non-payment of multiple debts worth an estimated Sh6 billion.

Kaluworks is indebted to among other lenders I&M Bank, which has already published notices for auction of the company's assets.

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