@DailyNation

Uchumi wind up claims approach Sh500 million

1 months ago, 18 Oct 05:59

By: Galgallo Fayo

The winding petition against Uchumi Supermarkets has gathered pace with the total claims by firms that have joined the suit approaching half a billion shillings mark.

Court records show that five firms have in the past two weeks joined the suit filed by Githunguri Dairy Farmers Co-operative Society bringing the total claims so far to Sh471 million.

Githunguri Dairy moved to court last month seeking to wind up Uchumi over its failure to settle a Sh44.8 million debt, but the orders remain suspended.

“Take notice that Chandaria Industries Limited, a creditor of Sh68, 767,473 of Uchumi Supermarkets Limited (Respondent/debtor) herein, intends to appear at the hearing of the petition advertised to be heard on October 17, 2018 and to support such petition,” reads one of the notices filed by Chandaria Industries.

Other creditors

Other creditors are Board of Trustees of Uchumi Supermarkets Limited staff provident fund which is claiming Sh122.7 million, Equatorial Nut processors Limited owed Sh21.3 million, Professional Marketing Services Limited owed Sh4 million and Interconsumer Products Limited owed Sh38.2 million.

UBA Bank which is owed Sh172 million by Uchumi is already in the suit seeking to dispose of Uchumi’s land situated on Langata Road to recover the debt.

Separately, household goods company Tropikal Brands Afrika have also sued Uchumi Supermarkets for Sh35 million in unpaid supplies.

Uchumi Supermarkets is likely to lose its prime space at the Sarit Centre shopping complex in Nairobi after April following the expiration of its lease term.


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Category: topnews news business

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@DailyNation

Uchumi wind up claims approach Sh500 million

1 months ago, 18 Oct 05:59

By: Galgallo Fayo

The winding petition against Uchumi Supermarkets has gathered pace with the total claims by firms that have joined the suit approaching half a billion shillings mark.

Court records show that five firms have in the past two weeks joined the suit filed by Githunguri Dairy Farmers Co-operative Society bringing the total claims so far to Sh471 million.

Githunguri Dairy moved to court last month seeking to wind up Uchumi over its failure to settle a Sh44.8 million debt, but the orders remain suspended.

“Take notice that Chandaria Industries Limited, a creditor of Sh68, 767,473 of Uchumi Supermarkets Limited (Respondent/debtor) herein, intends to appear at the hearing of the petition advertised to be heard on October 17, 2018 and to support such petition,” reads one of the notices filed by Chandaria Industries.

Other creditors

Other creditors are Board of Trustees of Uchumi Supermarkets Limited staff provident fund which is claiming Sh122.7 million, Equatorial Nut processors Limited owed Sh21.3 million, Professional Marketing Services Limited owed Sh4 million and Interconsumer Products Limited owed Sh38.2 million.

UBA Bank which is owed Sh172 million by Uchumi is already in the suit seeking to dispose of Uchumi’s land situated on Langata Road to recover the debt.

Separately, household goods company Tropikal Brands Afrika have also sued Uchumi Supermarkets for Sh35 million in unpaid supplies.

Uchumi Supermarkets is likely to lose its prime space at the Sarit Centre shopping complex in Nairobi after April following the expiration of its lease term.


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