In his ruling, Justice
The judge further said that the receiver/cum administrator ought to have called a creditors meeting to ascertain the total amount of money owed by the company which he did not do.
The court found that he released the assets of the company to the lowest bidder, Sarrai holdings at Sh5.8billion and left out the highest bidder, West
The court said that Rao was appointed by the
The court further said that he had not shown how he was going to pay the debt owed to farmers and creditors.
The court consequently appointed
The New receiver manager was directed to compute all assets and debts owed by Mumias sugar company within a period of 60 days and file the same in court.
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