The High Court has chosen Harveen Gadhoke to serve as Mumias Sugar Company’s new administrator, marking the most recent development in the tumultuous efforts to save the bankrupt miller.
After Kereto Marima’s appointment by Justice Alfred Mabeya in April of last year came to an end, Justice Josephine Mong’are chose the insolvency practitioner on Monday.
The appointment forces The Miller and its stockholders to start over since the administrator must choose a new investor and find a new mechanism to pay off the debts that caused the company to fail. Following an application from attorney Jackline Kimeto, who noted that Mr. Marima’s term had expired, Justice Mong’are made the appointment.
“It has now become extremely necessary for the court to appoint a new administrator to secure the assets of the company and comply with the directions of this court issued on the 14th of April, 2022,” Ms Kimeto said in the application.
She argued that the former miller’s assets might be stolen, harming all creditors.
As the administrator takes control of Mumias Company’s assets, the judge also ordered Inspector General of Police Japhet Koome to give him armed security.
Justice Mabeya, who terminated the contract of PVR Rao for failing to follow court-issued instructions after he was hired as the administrator, named Mr. Marima as the replacement administrator.