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Reprieve for struggling Nakumatt as court allows administrator to take over

A deserted Nakumatt Supermarket outlet in Mombasa. file photo | nmg

By  GALGALLO FAYO

The High Court has given cash-strapped Nakumatt Holdings a lifeline to fight for its recovery after it allowed the appointment of an administrator.

Justice Fred Ochieng ordered Peter Obondo Kahi to be appointed as an administrator under the provisions of Section 563 of the Insolvency Act.

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