Sharp Daily
No Result
View All Result
Sunday, March 15, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

High Court rejects bid to revive Mumias Sugar insolvency suit

Christine Akinyi by Christine Akinyi
December 1, 2023
in News
Reading Time: 2 mins read
Mumias Sugar

[Photo/ Courtesy]

The High Court has declined to resurrect the insolvency suit against Mumias Sugar Company, dismissing claims of coercion by lawyer Jackline Kimeto, who sought to withdraw the case.

Justice Josephine Mong’are emphasized the court’s inability to reinstate a withdrawn suit, stating, “Once a suit has been withdrawn, the court lacks the authority to reinstate it.” The judge outlined that the appropriate course of action for Kimeto would be to initiate a fresh case.

Kimeto alleged facing intimidation and coercion, leading her to file a notice withdrawing the case on September 1. Despite retracting her decision a day later, the judge clarified that once a notice of withdrawal is submitted, it nullifies the court’s jurisdiction to entertain further filings related to the case.

“An application to reinstate a suit after the same has been withdrawn…cannot therefore be sustained,” ruled Justice Mong’are.

RELATEDPOSTS

What the High Court backing for KRA use of bank deposits to assess income means for businesses in Kenya

February 5, 2026

Budget cuts weaken Kenya’s fight against money laundering

January 19, 2026

The lawyer had initially filed the insolvency petition against Mumias Sugar in 2019, citing the company’s failure to settle a debt of KES 76 million owed to her. She also sought the court’s intervention in appointing an administrator.

Ponagipalli Venkatta Ramama Rao, the KCB-appointed receiver manager, faced removal amid allegations of mishandling the process. Kimeto’s withdrawal of the suit coincided with President William Ruto’s warning to unidentified sugar cartels in August.

Allegations emerged that billionaire Jaswant Rai proposed settling Kimeto’s debt as a condition for withdrawing the insolvency petition. Despite filing the notice for withdrawal, Kimeto stated that the debt remains unsettled, viewing the settlement proposal as a result of state agents’ blackmail.

Justice Mong’are highlighted the absence of provisions in the Civil Procedure Rules for reinstating a suit following withdrawal, stating, “Once a suit is discontinued in whichever manner howsoever, it ceases to exist.”

The ruling’s implications on other creditors, including Vartox Res, remain unspecified. The refusal to revive the insolvency suit marks a significant legal development in the ongoing Mumias Sugar Company saga, prompting stakeholders and creditors to seek alternative paths to address their concerns against the troubled sugar miller.

Previous Post

EU grants €2 million boost to Kenya’s maritime advancements

Next Post

The great depression vs. great recession in Kenya

Christine Akinyi

Christine Akinyi

Related Posts

News

entum Exits Sidian Bank After 22-Year Investment Through Final Stake Sale

March 13, 2026
News

Why Risk-Based Pricing Is Replacing Central Bank Rate Lending in Modern Banking

March 13, 2026
News

Building a safety net: How Kenyans can start an emergency fund from scratch

March 13, 2026
News

KRA turns to data intelligence tool to track tax heats across digital platforms

March 13, 2026
News

Billions lost as civil servants steal Sh2.45 Billion from public coffers

March 13, 2026
News

Kenya’s rising treasury bill demand: What it signals for investors

March 13, 2026

LATEST STORIES

Why Employers Should Opt Out of NSSF Tier II into Private Pension Schemes

March 13, 2026

entum Exits Sidian Bank After 22-Year Investment Through Final Stake Sale

March 13, 2026

Why Risk-Based Pricing Is Replacing Central Bank Rate Lending in Modern Banking

March 13, 2026

Building a safety net: How Kenyans can start an emergency fund from scratch

March 13, 2026

WRC Safari Rally Revs Up Kenya’s Economy with Billions in Boost for Tourism and Local Businesses

March 13, 2026

KRA turns to data intelligence tool to track tax heats across digital platforms

March 13, 2026

Billions lost as civil servants steal Sh2.45 Billion from public coffers

March 13, 2026

Rethinking VAT enforcement in Kenya

March 13, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024