Tuskys, Hotpoint Granted 45 Days to Settle Debt Dispute via Mediation

The High Court Monday issued conservatory orders restraining the Kenya Revenue Authority from implementing the minimum tax at a rate of 1 per cent of firms’ turnover.

High Court judge Francis Tuiyott has allowed Tuskys supermarket and Hotpoint to settle their debt disputes through mediation over a 45 days period.

This is a reprieve for the retailer who had initially been granted 45 days to settle over KSh100 million owed for the supply of electronics.

According to Hotpoint’s petition, “As a result, the failure to pay for the goods promptly, the petitioner is suffering losses,” reads a Hotpoint petition justifying that it imports the said goods.

“The petitioner has made repeated requests and demands to the company for the payment of the debt, but the company has failed, refused, and neglected to pay the debt.”